International - Financial Times - Credit Squeeze

Big Tech’s interests are in stark contrast to the movement that put Trump in the White House

Regular guidance from executives on the near-term path of profit just got more elusive

Shipments cancelled as punitive levies hit

Deputy governor Sarah Breeden says it is too soon to untangle inflationary implications stemming from trade barriers

Trump trade war and Opec output surge create toughest challenge since the pandemic, executives say

Countries queueing to negotiate with the White House have 90 days to strike a trade deal

PBoC has allowed weakening in ‘fixing’ rate for the onshore currency for six consecutive sessions

The US’s biggest retailer is trying to convince Wall Street that scale is the key to winning market share amid trade war

The shock of tariffs is pulling Beijing back to economic fundamentals

Also in today’s newsletter, the bro-sphere was bewildered by Trump’s tariff blitz

Drop comes as Fed grapples with how to respond to Donald Trump’s tariff U-turns

Brussels suspends measures to hit €21bn of US imports to allow for negotiations with Trump administration

Brokers warn some lenders might be slow to pass on lower prices due to uncertainty around trade policy

Sell-off in 10- and 30-year gilts prompts central bank’s decision to sell only shorter maturity bonds in April 14 auction

Japanese clothing chain expects duties to hit profit at its rapidly expanding North American business

The US president’s tariffs on UK cars and other exports reveal the hollow promise of global Britain

Also in today’s newsletter, Apple turns to India, and Merz takes a step closer to the German Chancellery

Unlike the doomed former British PM, the US president is not going anywhere — so uncertainty is here to stay

They dominate the countries that account for more than half of global GDP — but who are they?

Washington pauses most tariffs against countries that have not retaliated but increases levies on China