International - Financial Times - Credit Squeeze

Most major US trading partners have yet to retaliate against Donald Trump’s sweeping tariffs

Unusual climatic events are directly linked to short-term spikes in cost of basic foodstuffs, study shows

Plus, British PM gets an end-of-term grilling, EU-China summit and the ECB meets to set rates

Jobs, consumers and stock values are at an ominous inflection point

Market Questions is the FT’s guide to the week ahead

Brazilian aircraft maker says threat of 50% import duty could delay group’s purchases of up to $20bn in US-made products

Codelco’s chair says he does not understand what the US wants to achieve with levies on the metal

Currency is on track for its first monthly gain in 2025 after worst start to the year in decades

A new play tells the story of RBS’s rapid expansion and dramatic collapse. Lionel Barber, who began his career as a reporter in Edinburgh, watched the saga from the start

Donald Trump’s letter calls for halt to Jair Bolsonaro’s trial on coup charges

US president also rejects reducing 25% sectoral duties on cars from the bloc, say diplomats

Also in today’s newsletter, Trump orders release of Epstein transcripts and how AI is reshaping universities

Commerce department’s move follows Beijing restricting transfers of battery technology

Council on Foreign Relations president and former US Trade Representative on tariffs and Donald Trump’s deals

The cognitive dissonance of America’s pro-crypto policymaking

Also in this newsletter: Slovakia lifts its block on the EU’s latest sanctions against Russia

While the political difficulties are real, the economic challenges are far from insurmountable 

The president has a number of options to take action against Jay Powell, but they all come with risks

Politicians are promising voters tax cuts and handouts just as bond yields are pushing higher

Move attempts to break impasse in talks by ditching complex mechanism proposed by German industry