International - Financial Times - Credit Squeeze

Also in today’s newsletter, Trump hands carmakers reprieve from tariffs and can Europe’s defence groups step up?

Firms including Deloitte and Accenture told to justify billions of dollars’ worth of contracts

Any move to stymie electricity flows amid trade war would create a ‘big problem’, regulator Nerc says

Liberal politician Chrystia Freeland advocates a 'smart and surgical' response

Taunts by US president galvanise governing party ahead of Sunday’s vote

Carve-out applies to companies operating through US-Mexico-Canada trade pact

Andrew Bailey plays down risks of self-reinforcing acceleration in price growth

No, Mr President, they are not going to make America rich, great or popular

Trump expected to announce decision on potential relief from Canada and Mexico levies on Wednesday

Brent drops below $70 a barrel following larger-than-expected increase in US crude stocks

TC Energy chief says continent needs to deepen cross-border ties to avoid inflation and protect energy security

Concerns about weakening expansion come after US served as key driver behind global growth in recent years

Also in today’s newsletter, China sets out ambitious growth target and Arab states present alternate Gaza plan

The history of global trade challenges Ricardo’s enduring economic theory

Proposal to relax borrowing rules described as ‘sea change’ for debt issuance

Plus retail investor sentiment and Doge job cuts

In address to Congress president doubles down on levies and insists he will ‘get’ Greenland

Beijing outlines fiscal spending plans amid lagging domestic consumption and mounting trade tensions

China dominates market in metals used in range of products, including those crucial for national security

Carmaker looks at hybrids and local production after tariffs lead to strategic overhaul