International - Financial Times - Credit Squeeze

Rafael Caro Quintero, sought since 1985 for murder of DEA agent, among 29 prisoners sent across border

As Moscow’s top trading partner, Beijing wields substantial economic leverage over the Kremlin

UK leader hails ‘very productive discussion’ but president declines to back plan for Ukrainian peacekeepers

Company president Brad Smith warns the new rules will force American allies to buy Chinese products

US president has threatened 25% duties on EU imports as well as levies on other major trading partners

Also in this week’s newsletter, delivering the skills needed to power an infrastructure boom

Inability to produce text will intensify questions over body’s relevance in era of waning US support for multilateral forums

The president sparked enthusiasm for American liquefied natural gas exports by lifting a pause on government permit approvals

Washington’s coercive economic diplomacy is undergoing massive change

Also in today’s newsletter, Trump threatens EU with tariffs, and 7-Eleven owner’s founding family ditches buyout bid

Also in today’s newsletter: CEOs give Ursula von der Leyen an earful

Taunts by US president galvanise governing party and upend Conservative opposition’s strategy

The risk is that President Javier Milei declares victory in his economic programme too early

US president warns levies will target auto sector and be applied ‘generally’

Pharmaceutical industry hopes to ward off growing tariff threat

Relations between Detroit and Windsor, joined by a cross-border tunnel, are being marred by Trump’s threats

Also in today’s newsletter, tax cut win for Trump, and a Big Read on the anti-vax movement

Asian financial hub slashes civil service and property transaction tax to combat slowing economic growth

The high spirits that greeted the US president’s election triumph in November have faded

Officials from US, China, Japan, India and Brazil among those who will not attend this week’s meetings in Cape Town