International - Financial Times - Credit Squeeze

A shoot from the hip approach is unlikely to rebuild US industry

Canada has shown it’s possible to face down threats from Washington

The US president and his followers are entering new and dangerous territory

Also in today’s newsletter, Trump and Putin to hold Ukraine talks and Netanyahu plans to sack Shin Bet chief

Downgrade comes ahead of Spring Statement, when official forecasts are expected to show much weaker GDP outlook

Forecasts downgraded for a dozen G20 economies and alarm sounded on ‘ratcheting up’ of trade barriers

Gallup poll highlights that confidence in the apparatus of government has fallen dramatically

FMC chair says ‘fight fire with fire’ by taxing Chinese-built vessels docking in US to create domestic champions

US central bank risks relying too much on backward-looking data, economists warn

Management decision-making has become automated and inscrutable

OECD updates growth forecasts, a clutch of central banks set interest rates and the IOC picks a new Olympics president

Capitalising on the G7 nation’s vast geography could spark an economic boom

Brussels sought visit to mark 50 years of ties, but move adds to scepticism about warm words from Beijing

Stephan Leithner says EU should take advantage of investors switching into region’s markets away from US

Recent gains could unravel as households’ fear of unemployment soars and economists press for more reforms

Donald Trump’s one-month concession does not apply to large swaths of goods exported north

With the anniversary of the first lockdown approaching, inflation and market volatility are now facts of financial life

Trump administration makes first move to call out human rights abuses by Beijing

Wall Street ending bruising week on front foot, but worries about economic impact of tariffs linger

Tariffs and cuts to the federal workforce are raising uncertainty and sapping confidence, while investor exuberance has faded