International - Financial Times - Credit Squeeze

Trump expected to announce decision on potential relief from Canada and Mexico levies on Wednesday

Brent drops below $70 a barrel following larger-than-expected increase in US crude stocks

TC Energy chief says continent needs to deepen cross-border ties to avoid inflation and protect energy security

Concerns about weakening expansion come after US served as key driver behind global growth in recent years

Also in today’s newsletter, China sets out ambitious growth target and Arab states present alternate Gaza plan

The history of global trade challenges Ricardo’s enduring economic theory

Proposal to relax borrowing rules described as ‘sea change’ for debt issuance

Plus retail investor sentiment and Doge job cuts

In address to Congress president doubles down on levies and insists he will ‘get’ Greenland

Beijing outlines fiscal spending plans amid lagging domestic consumption and mounting trade tensions

China dominates market in metals used in range of products, including those crucial for national security

Carmaker looks at hybrids and local production after tariffs lead to strategic overhaul

Deal worth $22.8bn involves sale of bulk of those owned by Hong Kong-based conglomerate CK Hutchison

Sanctions have accelerated the rise of Nvidia’s rivals as they seize a shift in AI use

Investors fret that aggressively protectionist trade policy will hurt economy

Agriculture industry warns that customers are looking elsewhere for key commodities

President’s protectionist moves spark concerns about retaliation and damage from escalating trade war

Manufacturing, retail and food sectors highlight coming shocks after duties on Canada, Mexico and China imposed

America is trying to undo the very system of open trade that it created

Chancellor says growth and inflation will be hit by fallout from global friction