International - Financial Times - Credit Squeeze

President says he has ‘a little problem’ with tech group’s CEO Tim Cook over effort to avoid tariffs on China

Also in today’s newsletter, oil prices drop and record ‘reverse Yankee’ deals

Net imports are funding the innovative edge that others envy the US so much — and perhaps benefit from too

Companies complain of uncertainty around trade deal and plan to reduce levies on metals and cars

Low- and middle-income countries are performing surprisingly well despite Trump’s tariff wars

Is US protectionism helping or hindering closer co-operation between other countries?

Comments from Ngozi Okonjo-Iweala highlight concern that pacts may undermine ‘most favoured nation’ equality concept

Chinese exports to south-east Asia surge as producers reroute shipments to avoid Donald Trump’s levies

Member states reject Brussels’ latest efforts to bridge gaps between the two sides

Ousted head of World Economic Forum battles impropriety allegations and second probe into his conduct in a year

Fund managers were positioning for a US economic downturn before America and China forged a trade pact

Hong Kong-based group pushes ahead with plan to shift US-bound production and warns US consumers face higher prices

Also in today’s newsletter, Tesla board reviews Musk’s pay and the S&P 500 wipes out this year’s losses

And markets in a budget crises

Businesses fear agreement between Washington and Beijing to slash levies offers only temporary reprieve

Commerce department guidance aims to toughen export controls on tech used by China to make AI processors

Ports and shipping companies expect surge in demand as retailers take advantage of lower tariffs on Chinese imports

‘Transitional measures’ will apply as of June, when special measures lapse, if trade talks need more time

Security conditions in pact agreed by Trump and Starmer seen as targeting Beijing

Moderate inflation and tariffs seem to lift markets