International - Financial Times - Credit Squeeze

There are relatively orthodox figures in his administration, but they lack consensus and the inclination to stand up to him

Developing nations face a poisoned chalice of influx of cheap goods from China and tariff penalties for trade diversion

Market suffers one of ‘greatest tightening shocks’ in its history as traders race to get ahead of potential levies

Extra costs have hit price competitiveness of many groups while some have struggled to expand distribution networks

Increase in price of essential items comes as retailers grapple with higher employment costs

The reaction of the markets, politicians and media to Trump’s tariff shock may have averted an arms race

Incumbent leaders are benefiting from standing up to US bullying rather than currying favour

Also in today’s newsletter, Trump criticises Putin and a visual story on why Apple’s iPhones still need China

Top policymakers seek to reassure public that economy can withstand worst of trade war

Plus consumer credit

Also in this newsletter: auditors damp hopes on success of Brussels’ industrial aims

The administration wants the iPhone to be manufactured in America. The components that power it show why that is highly impractical

Miguel Berger’s comments come as two sides prepare to sign defence pact

Imports surged in March and continued to accelerate despite concerns global economy will weaken

Sale of green energy technologies expected to rise further on back of US tariffs

Whatever happens with Trump’s tariffs, investors need to prepare for a new market paradigm

A country as mired in stagnation as the UK has to take risks if it is to succeed

Russian annexation of Crimea is a 'red line' for Ukraine’s Zelenskyy

Bookings plunge as importers hold off on shipping goods to America in hope of Beijing-Washington deal

Voters in Canada, Australia, Singapore, Romania and the UK head to the polls, each affected by White House actions