International - Financial Times - Credit Squeeze

Chancellor says growth and inflation will be hit by fallout from global friction

Canada also responds as president rules out last-minute negotiations over levies

Supplier to key brands estimates levies could increase annual costs between €200mn and €450mn before it takes defensive measures

The US could dismantle its own exorbitant privilege by pushing the big bond market beasts into the arms of others

European wholesale prices have doubled in the past year, complicating the inflation outlook

Big-box US retailer says it expects ‘meaningful year-over-year profit pressure’ in first quarter

Also in today’s newsletter, US suspends Ukraine military aid and global government borrowing set to hit record

Traders had been expecting cartel to postpone plan to boost output

And strong earnings

‘Blueberries for Sal’? More like ‘no berries on sale’

Fees charged to transform ore have fallen to all-time lows as Glencore halts operations at Philippines plant

S&P expects higher bond issuance to push stock of long-term debt to $76.9tn

Punitive import duties will neither reduce the US trade deficit nor boost employment in manufacturing

As western governments dramatically scale back budgets, remaining funding is likely to be a more obvious tool of geopolitical interests

Highlighting businesses that have achieved rapid revenue growth despite a difficult economic environment

SK Group, Posco and Lotte are merging or selling business units to streamline operations and raise cash

US stocks fall sharply after president vows to press ahead with levies

Also in this newsletter: Amazon to pay damages for copyright violation and the latest economic metrics

China ‘more open’ to foreign business than the west, says executive vice-president Stella Li

Grocery price growth highlights persistent pressure on living costs