International - Financial Times - Credit Squeeze

Treasury secretary’s remarks come as Taipei has become nervous about shifting US stance on Ukraine

The country’s huge surplus with the US is under fire from the Trump administration

Initiative aims to curb rising grocery bills eating into popularity of leftwing leader Lula

The true causes of growth are one of the great mysteries of economic thought

Also in today’s newsletter, White House backtracks on tariffs and the end of an era for Walgreens

Has the White House given up on trying to create a US national champion in chip manufacturing?

Beijing’s foreign minister Wang Yi criticises US president over increasingly hostile trade relations

And the vibes ahead of today’s jobs report

Trump’s team consider financial policy interventions to be crucial in a grand reordering of global finance and trade

President’s erratic policymaking has caused ‘a lot of uncertainty’ across corporate America

Chip designer delivers upbeat results amid broad decline in tech shares

Wall Street tumult gives investors ‘good excuse’ to shift into lower-risk holdings

Move expands one-month carve-out for car imports to all USMCA-compliant goods with possibility of longer reprieve

Wall Street extends slide sparked by fears over economic impact of Donald Trump’s on-off trade war

The Mar-a-Lago Accords as proposed would be a “classic cram-down”, says TS Lombard

The president’s chaotic policies are squandering a decent inheritance

Cabinet member notes Britain had measures available that it used in response to levies during Donald Trump’s first term

European assets were predicted to suffer under Trump but are now surging

Rate-setters shift tone, suggesting possible pause to reductions in borrowing costs

Paschal Donohoe’s comments come as investors speculate over shift in US dollar’s dominant role