International - Financial Times - Credit Squeeze

Figure for period before US president announced sweeping levies surpasses expectations

British carmaker will rely on stocks held at American dealers while it assesses impact of Trump’s trade war

Drugmaker says it can harness technology and change supply chain to guard against possible new levies

Country accounts for more than half of global bullion ETF flows over past 4 weeks in hunt for havens amid trade war

Plus agriculture and diversification

Electronics maker cites ‘growing policy risks’ for semiconductors and higher prices for phone parts

Also in this newsletter: Will the German Social Democrats vote to join a coalition with Friedrich Merz?

Also in today’s newsletter, Canada’s Carney prepares to take on US and how Spain’s power grid collapsed

New advertising campaigns urge shoppers to buy now, before the president’s levies raise prices

New prime minister has promised to reshape his country’s relationship with the US

The trade is proceeding on the understanding that artworks are exempt — but do collectors know that?

New Delhi’s charm offensive aims to secure lithium and copper supplies for energy transition

Comments from boss of biggest US bank come as UK chancellor seeks to ‘talk up’ economy

Growing worries that a trade war could suffocate a crucial driver of employment and economic growth

Trade tensions with Trump administration cast cloud over economy

Stephen Miran met hedge funds and big asset managers after tariffs sparked Wall Street turmoil

Executive order comes after industry voiced concerns that US trade war would raise costs

S&P 500 has lost more than 7% since inauguration day in weakest start to a presidency since 1970s

Spat comes after report alleged tech giant was planning to display price increases caused by Trump’s tariffs

President Claudia Sheinbaum says more water will be sent north in deal agreed amid tariff talks