International - Financial Times - Credit Squeeze

The US president’s tariffs on UK cars and other exports reveal the hollow promise of global Britain

Also in today’s newsletter, Apple turns to India, and Merz takes a step closer to the German Chancellery

Unlike the doomed former British PM, the US president is not going anywhere — so uncertainty is here to stay

They dominate the countries that account for more than half of global GDP — but who are they?

Washington pauses most tariffs against countries that have not retaliated but increases levies on China

Plenty of game left to play, though

Investors and governments are relieved by the latest U-turn, but the outlook remains uncertain

Levies will harm global south without meeting Trump’s objectives, says Rebeca Grynspan

Violent gyrations in equity markets are not just a matter for New York billionaires

Bloc may push to buy more LNG from the US if it fits with green goals, European energy commissioner Dan Jørgensen says

The consequences of a move like Trump’s are fiendishly hard to predict

Plus, cracks finally start to percolate in European credit markets and the deals that are still eking their way through the turmoil

Cycling industry fears insolvencies and forced mergers in already struggling sector

Trump’s desire to restore US trade dominance is ‘pure fantasy’

US stocks surged on Wednesday after Donald Trump paused ‘reciprocal’ tariffs for 90 days

The Osaka Expo 2025 is a masterclass in smiling through tariff calamity

The 2025 ranking of fast growing companies in the Asia-Pacific region. Including: the Philippines looks beyond call centres, India’s Meesho taps WhatsApp, extending EV battery life, and cameras to keep drivers’ eyes on the road

Agencies seek to recruit skilled professionals such as software developers or data analysts

Goldman Sachs rapidly reverses call for recession after president’s U-turn

The market turmoil and pressure from Wall Street to Capitol Hill proved too much for the US president