International - Financial Times - Credit Squeeze

President acknowledges companies ‘need a little bit of time’ before they can manufacture in US

US president says countries are trying to ‘screw’ America as China looks to shore up ties with trade partners

Planning, diversified markets and control of strategic materials potentially give Beijing leverage — if it can bear the pain

Traders warn of ‘standstill’ as shipments through Antwerp drop 85%

The late Intel CEO proposed establishing a bank to back companies that scaled their factories in the US

Airlines and manufacturers prepare for stand-off over cost of levies

Danish brewer ‘insulated’ from direct impacts of levies but warns they will hit fragile consumer sentiment

FCC chair Brendan Carr urges ‘western allies’ to pick Elon Musk’s Starlink satellite internet company

Making the metal at home is a trade-off that seems more appealing when global trust in commerce is scarce

Plus, private equity group CVC scouts out private credit group and Intel sells off a stake in its chips unit

Titans of finance and business are beginning to realise they misread the president’s second-term priorities

Also in this newsletter: why the RBI is right to be careful about household debt

More than 70% of people say they intend to support UK businesses

Donald Trump also says he is considering ‘something to help car companies’

10-year yield falls for first time since April 4 as investors scoop up Treasuries

Governor Christopher Waller warns that should Trump resume steep duties growth will ‘slow to a crawl’

The world’s reserve currency gets a sharp shock

President suggests need for ‘flexibility’ but insists smartphone exemption is temporary

With the US and China facing off in a tariff war, the time has come for the UK to pivot