International - Financial Times - Credit Squeeze

Also in this newsletter: Germany, France and the Netherlands urged to clear way for new border checks

Suppliers to small US businesses claim to reduce costs of duties in fraud that is difficult to police

Leaders are touring the world both to push back against US influence and also to shore up its export markets as its trade surplus rises

C919 jet’s reliance on US suppliers puts at risk China’s ambitions to take on Boeing and Airbus

Executives warn about the challenges facing businesses and the destabilising effect of prolonged uncertainty

Canada’s newly elected prime minister heads to Washington for talks as spectre of separatism looms at home

Trump’s new port fee policy threatens to wreak havoc on $150bn American seaborne car import market

Announcement on Thursday comes as concern mounts over impact of Trump tariffs on global economy

A deal could lower tariffs’ current prohibitive levels but they will still probably be meaningfully higher than at the start of the year

Carmaker withdraws financial guidance and warns of potential of US’s policies to cause industry-wide disruption

Brussels due to propose legislation to enable the recognition of qualifications of British lawyers and others

Maker of Barbie dolls warns of potential price increases for US shoppers and suspends financial guidance for 2025

Levies on overseas movies going into the US would damage production hubs in countries including the UK, Canada and Australia

There may be worries about tariffs and the rule of law but one cannot discount US resilience

The mayhem of Mar-a-Lago is less effective than the boredom of Brussels

Also in today’s newsletter, Saudi companies retrench after fall in oil prices and Berkshire after Buffett

Currency surges as life insurers move to cover under-hedged positions in US assets

And China’s economic cards

Plus, Trump adviser struggles to calm investors, the US economy contracts, and Edvard Munch at the National Portrait Gallery

Industry body warns that more than $100bn is at risk if the precious stones are not exempted from duties