International - Financial Times - Credit Squeeze

Latest executive order could shake up US pharma industry

Diplomats from the bloc say American negotiators stressed the need for levies as part of efforts to repatriate industry

Beijing may have more leverage than President Donald Trump thought

Medical devices like group’s surgical robots have already been hit by the new US charges

Trump’s delight in doing whatever he wishes in the moment is incompatible with stability and sustained dynamism

JPMorgan chief tells the FT that Washington and Beijing ‘should engage’ as tariffs escalate

JPMorgan Chase chief executive warns US dominance cannot be taken for granted

Chinese carmaker’s absence from the US, once seen as a weakness, has turned into an asset

Investors expect greenback to depreciate over next 12 months, according to BofA research

International Energy Agency says situation is ‘fluid and substantial risks remain’

The Fed needs to consider how levies raise prices and what it should do about it

US tariffs on its northern neighbour have renewed calls for pipelines and fast-tracking oil and gas projects

US vice-president says Trump administration is ‘working very hard’ with Starmer government on tariffs

Also in today’s newsletter, US administration halts Harvard funding and shares in luxury goods sector tumble

Payrolled employment falls even as wage growth remains strong

Focusing on benefits to voters’ wallets would help blunt the threat posed by the likes of Nigel Farage

French agency’s chief says clients are on a ‘wait and see’ attitude

President acknowledges companies ‘need a little bit of time’ before they can manufacture in US

US president says countries are trying to ‘screw’ America as China looks to shore up ties with trade partners

Planning, diversified markets and control of strategic materials potentially give Beijing leverage — if it can bear the pain