International - Financial Times - Credit Squeeze

Japanese group cites ‘challenging economic environment’ as Trump’s tariffs throw supply chains into uncertainty

As the president launches a trade war, follow the latest on tariffs and executive orders

Rush of shipments preceded escalation of trade war between world’s two biggest economies

And lessons from ‘73

Whatever happened to that 7% growth rate?

Also in today’s newsletter, Argentina agrees new currency regime and Peruvian author Mario Vargas Llosa dies at 89

Companies flag signs of goods being diverted from US to Europe via platforms such as Temu, Shein and Amazon

The situation is dire and only active policymaking is going to make a difference

Shorter settlement times may have helped avert serious liquidity problems

Public disagreement within the Trump administration has grown over the past two weeks

Supporters say the former central bank governor is the man for the moment as he campaigns to be Canada’s PM

The former BoE governor says ‘groupthink’ was an issue

Chinese leader seeks to strengthen ties with export-dependent economies facing high US levies

US president says products given reprieve will fall under separate regime

Gains come after two weeks of wild swings in financial markets

US-China tariffs look set to condemn industry to another difficult year

Plus, ECB expected to cut interest rates and milestone dates for McDonald’s

Levies cut on 89 products to support domestic companies against Trump’s trade war

Events of 1971 ushered in the era of modern finance

Dispensation is first sign of softening of levies against China and provides a big boost for Apple