International - Financial Times - Credit Squeeze

Beijing’s foreign minister Wang Yi criticises US president over increasingly hostile trade relations

And the vibes ahead of today’s jobs report

Trump’s team consider financial policy interventions to be crucial in a grand reordering of global finance and trade

President’s erratic policymaking has caused ‘a lot of uncertainty’ across corporate America

Chip designer delivers upbeat results amid broad decline in tech shares

Wall Street tumult gives investors ‘good excuse’ to shift into lower-risk holdings

Move expands one-month carve-out for car imports to all USMCA-compliant goods with possibility of longer reprieve

Wall Street extends slide sparked by fears over economic impact of Donald Trump’s on-off trade war

The Mar-a-Lago Accords as proposed would be a “classic cram-down”, says TS Lombard

The president’s chaotic policies are squandering a decent inheritance

Cabinet member notes Britain had measures available that it used in response to levies during Donald Trump’s first term

European assets were predicted to suffer under Trump but are now surging

Rate-setters shift tone, suggesting possible pause to reductions in borrowing costs

Paschal Donohoe’s comments come as investors speculate over shift in US dollar’s dominant role

The Taiwanese chipmaker’s attempt to keep the US president on side is not without risks

Also in today’s newsletter, farmers sound off about how tariffs will impact their industry

Borrowing costs reduced for third month running after price rises ease to below 40% for first time since June 2023

Wheat and soyabean futures hit as China and Canada impose retaliatory tariffs on foodstuffs

German borrowing costs climb as yields also rise across Eurozone and Japan

Chief executive seeks to reassure investors after Donald Trump’s call for $52bn chips act to be repealed