International - Financial Times - Credit Squeeze

Levies designed to enact deal Donald Trump cut with chipmakers to allow shipments of AI processors

Trade tensions highlight reliance on imported components and minerals

Exports soar as world’s second-largest economy shakes off Trump’s tariff threat

Foreign minister warns newly appointed governor to ‘stay in her New Zealand lane’

Plus fiscal dominance and the Fed

Also in today’s newsletter: McKinsey pilots AI in recruitment and Saks Global files for bankruptcy protection

Governments are hoarding rice and grain as insurance against a world they increasingly view as unstable. But many economists believe it could be counter-productive

Deputy PM says Trump’s ‘liberation day’ tariffs were a ‘wake-up call’ for country’s dependence on Beijing

Australian producer Fortescue says China Mineral Resources Group is ‘key risk’ for market as Beijing seeks more leverage

Tech giant moves to reverse concessions made to limit the shock of US President Donald Trump’s trade levies

Monetary policy isn’t the only thing at stake in Trump’s battle with the Fed

Figures suggest cost pressures are being contained even as price growth remains above Fed’s target

Demand from countries rushing to buy US aircraft to curry favour with Trump administration boosts aviation group

Headline and core CPI were both flat on November’s figures

Auto groups buy wafers from chipmaker’s Dutch arm and ship them to its Chinese unit to avoid output stoppages

British grocer seeks to increase exports of hampers, teas and jams that were hammered by Brexit

The administration’s war on the Federal Reserve illustrates the threat of fiscal dominance

There is no precedent of a dominant power abandoning its primacy, as Trump is doing

Also in today’s newsletter: UBS’s Ermotti to step down and Trump threatens Iran-linked trade with tariffs

Governors from 11 institutions issue statement of support for embattled Fed chair