International - Financial Times - Credit Squeeze

Commission chief Ursula von der Leyen says Brussels could hit Big Tech services exports

March figure comes as ECB rate-setters consider whether to slow pace of interest rate cuts

And will wealthy consumers pull back?

Econometric study models global fallout from tariff retaliation, including dramatic rise in US prices

Increases to water, energy and telecoms bills will push up inflation

Libertarian president’s policies start to bear fruit although the poorest still struggle

Even the most powerful nation in the world needs foreign investment

If it’s about ‘fairness’ rather than ‘inflation’, views shift

Britain has pushed for carve-out ahead of ‘liberation day’ on Wednesday

Luxury-car maker could face £30mn hit to gross profit due to Donald Trump’s looming 25% levy

No one knows what Trump will do — and at this moment that includes the president himself

Also in today’s newsletter, why Trump is ‘pissed off’ with Putin and the WhatsAppification of work

Even the president’s supporters are sceptical of new levies to be imposed on trading partners on April 2

‘Liberation’ awaits?

And replies on CoreWeave

Also in this newsletter: Ireland’s pharma industry braces itself for Donald Trump’s tariffs

Investors warn that higher bond yields could make it harder for members of the bloc to increase defence spending

The president’s trade policy is about power and security, not economics

The government must embark on a much more radical programme of structural reforms

Finance minister says Lisbon will not let rearmament costs threaten budget surplus secured after years of austerity