Intel to cut jobs and capex as Trump tariffs cloud outlook
US chipmaker’s shares fall in after-market trading as it offers downbeat guidance
International - Financial Times - Credit Squeeze
Reeves rejects parts of Trump’s economic agenda before talks with Bessent
UK chancellor says global stability depends on lower trade barriers ahead of meeting US Treasury secretary
China tells US to ‘cancel all unilateral tariffs’ if it wants talks
Beijing says claims it is nearing a deal with Washington to resolve the trade war are ‘fake news’
Consumer giants ring warning bells over Trump’s trade war
‘Not optimistic to say the least’: world’s biggest food companies slash forecasts in expectation of slower spending
Corporate America puts Wall Street on alert over damage from trade war
Executives use earnings calls to lay out impact of Trump’s tariffs on costs and supply chains
Nvidia chief Jensen Huang flies to Beijing for talks
Meeting with Chinese vice-premier came after US clamps down on chipmaker’s sales to China
Trump’s tariffs threaten Ireland’s pharma fortune
The country’s windfall from overseas drug companies was aided by the US president’s own tax bill
Trump’s war with Fed threatens lasting damage to Treasuries, say investors
Big investors warn of risks to world’s largest and most liquid bond market from US president’s attacks on central bank
FirstFT: Corporate America feels the sting of Trump’s tariffs
Also in today’s newsletter, former Big Four bosses launch rival firm and Davos founder accused of manipulating research
Trump discovers the US is no longer indispensable
America cannot offer enough aid, green technology or new market access to mould the world trading system
How critical minerals became a flash point in US-China trade war
Beijing’s response to Donald Trump’s tariffs intensifies battle to control supply of commodities vital to high-tech sectors
The case for Trump’s tariffs
The arguments are believed more widely than the Maga camp, but that does not make them any more right
Bessent says US will not make unilateral offer to China on tariffs
Treasury secretary denies reports Washington will make unilateral cuts to tariffs
Nokia chief considers expanding US manufacturing to mitigate tariffs
New CEO Justin Hotard was speaking as Finnish company announced sharp fall in first-quarter profits
Trump’s move to fire us is a terrible warning for the US economy
Our case is about whether America is ruled by laws or political whims
The dollar has further to fall
Demand for US assets cannot keep up with supply without a weaker currency
Is this still the Asian century?
The theory is that hegemonies run in cycles, but Trump and a trade war may disrupt the pattern
Chinese factories slow production and send workers home as US tariffs bite
Owners say American customers have cancelled or suspended orders
Our Dollar, Your Problem by Kenneth Rogoff — does the buck stop here?
The renowned economist issues a timely warning that the threat to America’s currency comes from within, in the shape of a growing debt mountain
UK and EU to finalise plans for defence pact
Prime minister and European Commission president expected to hold talks on sidelines of London energy summit
Global Economy
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