International - Financial Times - Credit Squeeze

Gathering of senior business leaders in Beijing comes amid rising tensions with US

Auto groups told ministers on Friday they wanted more support for the sector domestically

Growth slows sharply as changing tariff regime and domestic reforms deter investors

Also in today’s newsletter, an exclusive interview with Italy’s prime minister and JD Vance travels to Greenland

Provinces stop stocking wine, beer and spirits in retaliation for Trump’s trade war and threats to annex country

Some advisers now view the price of the fossil fuel as a crucial anti-inflation tool

Japanese group places big bet on shifting console production from China to Vietnam as US tariffs rise

Prime minister vows there will be a ‘renegotiation’ of the two allies’ trade agreement in the face of Donald Trump’s hostility

Scale of Trump administration’s trade war requires bloc to consider more powerful measures, officials say

Carmakers’ shares drop as Asian, European and North American countries respond to US president’s latest measures

BYD’s technological advances show where the centre of innovation now lies

Congressional Budget Office’s forecasts come after Moody’s warned on the country’s public finances this week

Milei’s government says fund is finalising figure in announcement aimed at calming markets

Brands such as Tesla that manufacture in the US and rely on domestically produced parts stand to benefit

After a decade of successful digital policies, the country is keen to claim a role as an alternative to US and Chinese governance

Office for Budget Responsibility warns a global trade war risks eliminating UK chancellor’s fiscal headroom

Levies on some vehicles set to reach 40%-50% when combined with threatened reciprocal tariffs

Chancellor has chosen to ‘concentrate the pain’ on sick and disabled, Resolution Foundation says

Also in today’s newsletter, Trump imposes 25% tariff on cars and the government spending Maga voters rely on

Bombing the Houthis won’t help global commerce but Trump’s auto and shipping protectionism will certainly damage it