International - Financial Times - Credit Squeeze

Lower than expected figure opens door to aggressive Federal Reserve rate cuts

Yoga pants maker expects Trump administration’s new trade policies to reduce margin by $240mn this year

US president criticises ‘very unfair’ measures a day after he hosts tech chiefs at the White House

President will pick which projects receive capital, according to unpublished memo

Prime minister seeks to diversify the economy as US measures hit lumber and manufacturing sectors

Led by China, a growing group of nations wants to change the global order — and they seem increasingly inclined to work together

Even without Power of Siberia 2, there was already a risk of superfluous LNG sloshing around the system

Anti-dumping levies come after Brussels raised tariffs on Chinese electric vehicle imports

Also in today’s newsletter, Tether in talks to invest in gold mining and tech industry titans meet at White House

Eurozone central bank may have to be more of a standard-bearer for international co-operation and standards

The Fed has faced political pressure before, but Trump’s attack is different

Stephen Miran tells Senate banking committee he views central bank independence as ‘paramount’

The WTO core still holds, but members must use this crisis to push reform

Also in today’s newsletter, the US Treasury market is banking on revenue from Trump’s tariffs

Gazprom’s planned Siberian pipeline to Beijing is a geopolitical pivot with global repercussions

Reduction in employment points to continuing impact of higher payroll taxes set out in Budget last year

Lenders either risk flouting American sanctions or disobeying the highest court in the land

If the political will is lacking to seize Moscow’s reserves outright, there are other ways

Also in today’s newsletter, JPMorgan to launch German retail bank and ConocoPhillips plans thousands of job cuts

President’s levies now seen as a way to offset tax cuts and keep a lid on government borrowing