International - Financial Times - Credit Squeeze

Most countries are less dependent on exports to America than you might think

Central bankers talk down theoretical benchmark that has become a focus of economists’ attention

More than 80% to be exempted by reforms aimed at cutting red tape and boosting productivity

Vincent Clerc makes prediction as shipping group reports rise in operating profit to $6.5bn for 2024

Prime minister’s move follows Donald Trump’s plan to hit neighbour’s exports with steep tariffs

With China also reducing imports, demand from the voracious American consumer will be hard to replace

Libertarian president aims to secure IMF deal to help prepare for end of fixed exchange rate

Global investors had time to prepare for Donald Trump’s tariffs but swift market reversals are keeping them on edge

Birdflation hits the greasy spoon

Suntory boss expects to sell less in Europe, Canada and Mexico as a result of US president’s protectionist trade policies

ladies and gentlemen, we got ’em (mammals)

Austan Goolsbee warns it is ‘dangerous’ to overlook potential supply shocks triggered by trade war

UK lender loses first round in battle against HMRC over assets inherited as part of government-backed HBOS takeover

Analysts bombard executives of listed companies with questions on coping with trade wars

Investment is pouring into the region, but extracting value is proving harder than expected

Libertarian leader has embraced upheaval in international institutions triggered by US president

Postal group struggles to respond to Trump’s decision to put levies on lower-priced goods

The tariff row is further indication that he is quick to quarrel but also quick to settle

Also in today’s newsletter, EU’s ‘bazooka’ against Trump’s tariff threat and Alphabet shares drop

Traders had expected Beijing to weaken its currency following a week-long market holiday