International - Financial Times - Credit Squeeze

Milei’s government says fund is finalising figure in announcement aimed at calming markets

Brands such as Tesla that manufacture in the US and rely on domestically produced parts stand to benefit

After a decade of successful digital policies, the country is keen to claim a role as an alternative to US and Chinese governance

Office for Budget Responsibility warns a global trade war risks eliminating UK chancellor’s fiscal headroom

Levies on some vehicles set to reach 40%-50% when combined with threatened reciprocal tariffs

Chancellor has chosen to ‘concentrate the pain’ on sick and disabled, Resolution Foundation says

Also in today’s newsletter, Trump imposes 25% tariff on cars and the government spending Maga voters rely on

Bombing the Houthis won’t help global commerce but Trump’s auto and shipping protectionism will certainly damage it

New levy marks significant escalation in US president’s trade war

Also in today’s newsletter, blue-chip advertisers flock back to Fox News and the issue that threatens to split the Maga movement

At what point does the bond market break?

The erosion of the post-1945 world order has rattled the country

America’s ‘gold standard’ statistics are closely scrutinised by investors, policymakers and researchers

Top-ranked Menlo Electric is expanding into new markets amid a glut of Chinese photovoltaic panels in Europe

Executives look for workarounds and rethink supply chains to lessen reliance on China

The US needs to act over the competitive advantage the EU gives its companies in areas like value added taxes

Chipmaker Nvidia and Elon Musk’s Tesla slide, pushing Nasdaq lower for first time in four days

Austan Goolsbee’s warning comes after survey shows consumers expect soaring price growth

Dallas Fed survey shows mounting alarm among Texas drillers at the administration’s energy strategy

History suggests the OBR may, once again, have been persuaded to be too optimistic at a time of global turmoil