International - Financial Times - Credit Squeeze

Auto industry relies on operations in Mexico and Canada to supply American market

Ether drops more than a fifth after traders dump risky assets

US president contrasts UK position on trade with EU ‘atrocity’

US president likely to take reaction to tariff rises as a win

Canadian province retaliates against US tariffs

The functioning of the US government is facing a systemic crisis

Europe ‘will have to make itself respected’, says Emmanuel Macron

By targeting allies and neighbours with tariffs, the US is playing into the hands of China

Also in today’s newsletter, America’s corporate bosses cosy up to Musk, and Latam Airlines’ ambitious growth plan

Price increases stay above ECB’s 2% target but policymakers are confident they will reach that threshold this year

Bloc warns of ‘unnecessary economic disruption’ after US president hits China, Canada and Mexico with trade measures

The end to self-delusion?

And weak sales of big-ticket items

Also in this newsletter: Is the European Commission being too lax on member states?

Preserving the status quo on global development will not work

Quarter-point reduction forecast even as short-term inflation pressures are set to increase

Fruit, tequila and even cars could be more expensive as a result of the president’s decision

Britain is in a hole and the government is right to try to dig it out

With global trade under attack from Donald Trump, what role can the WTO play?

The new Trump administration places 25% tariffs on US neighbours; 10% on China