International - Financial Times - Credit Squeeze

Plus testing liquidity

Also in this newsletter: Can Jens Stoltenberg tame the US president once again?

Prices have climbed more than 8% this year on fears of a global trade war

‘Bazooka’ tool being considered as bloc’s trade ministers express support for punitive action if necessary

A quarter of young Canadians are open to exploring union with the US

US president’s brinkmanship with Canada and Mexico shows he is willing to take risks to get his way on the economy

Toymaker has some production in Mexico and China

Beijing targets energy and Google after US brings in extra 10% levy on Chinese imports

An inconsistent US is an unreliable partner — it’s that simple

Also in today’s newsletter, corporate America races to cut deals with Elon Musk

Scrapping of ‘de minimis’ rules could slow deliveries and raise costs for Chinese groups, say analysts

Beijing seeks leverage against US president by reviving investigations into tech giants

Putting some numbers on the US president’s trade war threat

Drinks maker reports weaker consumer demand and uncertainty over American trade policy

Also in today’s newsletter, Citi bucks back-to-office trend and the latest blow against USAID

Futures point to lower open on Wall Street

Olli Rehn says bloc needs to prepare for possible US tariffs but can enter any conflict with ‘self-confidence’

Plus: remember China?

Industry braces for tit-for-tat trade war that could spark wave of bankruptcies among parts makers

Lord Adair Turner advocates for ‘pull together’ of rest of the world to accelerate shift to green energy