International - Financial Times - Credit Squeeze

Executive warns situation could become ‘quite ugly’ in a few weeks as carmakers park vehicles amid levy uncertainty

New plants will take years to build and executives are wary of committing while trade policy is unclear

President Donald Trump says the US will proceed with an additional 50% tariff on China

The tech giant’s path forward is complicated

US Treasury secretary’s growing role marks shift away from White House’s trade hardliners

Lower than expected purchases of three-year government debt add to investor angst

Treasuries also slide after weak auction for three-year US government debt

Computer-driven asset manager’s institutional equity strategy down 8% in April

White House says additional duties will begin on April 9 as Beijing warns that it will ‘fight to the end’

Clare Lombardelli says import taxes will ‘depress activity’ but impact on inflation is less clear

Forced to choose between the US and China, the likes of Vietnam may opt for Beijing

Billionaire dubs Peter Navarro a ‘moron’ as feud over policy intensifies

The trade deficits will remain roughly unchanged — the globe will just end up poorer

Risky funds drop almost a quarter of their value as Trump’s trade war hits market

EU slow to agree measures as member states divided over how hard to hit back

Also in today’s newsletter, some of the president’s billionaire allies are breaking ranks to lambast tariffs

Why doubts over the Fed’s dollar swap lines are such a big deal

Aston Martin’s bond prices drop to record lows and cost of insuring VW’s debt against default jumps

Hard choices are ahead, but the central bank should not be afraid to be hawkish

There is no school of foreign policy realism or trade mercantilism that could explain the US president’s actions