International - Financial Times - Credit Squeeze

Also in today’s newsletter, how corporate America lobbied against the president’s tariffs

Surveys of consumer sentiment tell us something, but no longer much about economics

Asymmetry in trade relationship suggests Trump has the upper hand in negotiations

Also in today’s newsletter, Merz’s succession thrown into doubt, and China positions as a ‘champion of globalisation’

Progress on narrowing gulf between best and worst performers has fallen short of targets

Region has little appetite and little chance of boosting links with Beijing further

Also in this newsletter: Germany, France and the Netherlands urged to clear way for new border checks

Suppliers to small US businesses claim to reduce costs of duties in fraud that is difficult to police

Leaders are touring the world both to push back against US influence and also to shore up its export markets as its trade surplus rises

C919 jet’s reliance on US suppliers puts at risk China’s ambitions to take on Boeing and Airbus

Executives warn about the challenges facing businesses and the destabilising effect of prolonged uncertainty

Canada’s newly elected prime minister heads to Washington for talks as spectre of separatism looms at home

Trump’s new port fee policy threatens to wreak havoc on $150bn American seaborne car import market

Announcement on Thursday comes as concern mounts over impact of Trump tariffs on global economy

A deal could lower tariffs’ current prohibitive levels but they will still probably be meaningfully higher than at the start of the year

Carmaker withdraws financial guidance and warns of potential of US’s policies to cause industry-wide disruption

Brussels due to propose legislation to enable the recognition of qualifications of British lawyers and others

Maker of Barbie dolls warns of potential price increases for US shoppers and suspends financial guidance for 2025

Levies on overseas movies going into the US would damage production hubs in countries including the UK, Canada and Australia

There may be worries about tariffs and the rule of law but one cannot discount US resilience