International - Financial Times - Credit Squeeze

Parking money in America is no longer the routine, fuss-free, neutral option

FCA’s preliminary approval comes as the fast-fashion company faces challenges from Trump’s tariffs

Chinese clean tech stocks have risen since the US president’s latest announcement on levies

Also in today’s newsletter, OpenAI slashes AI model safety testing time and Pentagon terminates $4bn of consultancy contracts

Neighbours have been taking advantage of my generous nature for far too long: it’s time for tariffs

Figure comes as Rachel Reeves contends with impact of Trump tariffs

Scale of US levies on Chinese goods deepens recession fears

Plus more on valuing stocks in a crisis, and inflation

Also in this newsletter: Italy’s latest attempt to send migrants to Albania

Mayhem threatens to erode the appeal of US investments — which could, perversely, help Trump get what he wants.

Analysts estimate Donald Trump’s levies could cost the average household $4,700 a year

Trump’s tariffs were erratic and flawed but imbalances in the world economy are real

Swiss president to attend informal EU finance ministers’ meeting for the first time, alongside British chancellor

It’s not just bread and circuses any more

French carmaker insulated from industry tumult so far because it has close to zero sales in US

Even an unexpectedly solid inflation report wasn’t enough to sustain a Wall Street recovery

Also in this newsletter, ecommerce companies head to small towns and RBI cuts the repo rate

Sector ‘ideally positioned’ to take advantage of disruption to global supply chain

Stock markets of Taiwan, Thailand and Vietnam deep in the red this year, despite rallying after reprieve on tariffs

Investors rush away from junk bonds and leveraged loans on rising recession fears