International - Financial Times - Credit Squeeze

US president has threatened to raise levies to 25% if EU does not implement last year’s trade deal

As the US president prepares to visit Beijing, America no longer holds all the cards — but China knows it must tread carefully

Robust trade surplus shows US tariffs have done little to dent the country’s manufacturing prowess

Hiring exceeds Wall Street forecasts for second month in a row

The window to prevent a global economic disaster is closing

A belief in resilience underwritten by big lasting state support is keeping stocks high

Healthy payrolls growth and steady unemployment in April reinforces Fed holding stance

Low stocks of crude and products in Europe are bigger risks for the continent

Also in today’s newsletter: Donald Trump’s 10% global tariffs ruled illegal

Figures undershoot expectations but pressure to tighten is still on

American companies fear an update to Brussels’ ‘Product Liability Directive’ will make it easier for consumers to sue

Also in this newsletter: Prime Minister Giorgia Meloni expected to reaffirm Italy’s commitment to good ties with Washington

Officials discussed resources investments as Washington tries to break China’s control of critical minerals production

When countries act to insulate domestic markets, the result is often higher prices and greater volatility

The market is reacting more strongly to rate decisions by the Bank of England than those of its peers, signalling potential communication issues

Court of International Trade says levies applied under Section 122 of trade act are ‘unauthorized by law’

The US president says he will hit the bloc with ‘much higher’ tariffs if it does not implement agreement by July 4

Fast food group beats expectations but executives say rising expenses are constricting cash flows for franchisees

Offshore transactions worth nearly $10bn in first quarter as companies target resources, consumer and manufacturing sectors

Ten topical questions to test your news nous