International - Financial Times - Credit Squeeze

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

Ensuring fair competition in the digital sphere risks antagonising the new US administration

New deals on pause as threatened duties undermine premise for investment

Oil prices drop while government bonds climb on worries Donald Trump’s tariffs will hit economy

White House signals it will expedite measures despite investor concerns over how threats of levies will affect economy

Faster economic growth in Asia and decarbonisation efforts expected to boost demand

German central bank’s boss points to more interest rate cuts and urges country’s next government to embark on supply-side reforms

Regulator Ofgem lifts quarterly price cap 6.4% following increase in wholesale costs

In 2022, Bloomberg’s total return Tips index lost almost 12%, even though US inflation hit 6.45%

Also in today’s newsletter, US companies left out of defence stock rally and BP abandons pledge to cut oil and gas output

Near-80% jump in expenditure to £732mn reflects increasingly acute homelessness crisis, says charity

Shifts to avoid trade war have increased Hanoi’s vulnerability as surplus with US has grown

Chinese company improves ‘yield’ of latest semiconductor, despite US efforts to prevent manufacturing advances

Is technology making tariffs redundant?