International - Financial Times - Credit Squeeze

Member states know what they have to do but don’t know how to pay for it

Beijing is agile enough to swerve US protectionism

Ola Källenius urges Brussels to drop protectionist approach in form of punitive tariffs on China EVs

The precedent set by China’s aggressive promotion of its interests is not a promising one

There are at least three reasons why the greenback might not follow the script currently signalled by markets

Problems in Asia’s fourth-largest economy predate the current crisis

Credit card data points to ‘robust’ growth at start of 2025 after shoppers spent $1tn during holiday season

Michael Ignatieff on what the US president-elect’s threats mean for the Americas and beyond

History teaches us that lasting growth depends on new ideas, innovation and technological progress

Easing underlying US inflation pressures and strong bank earnings ‘emboldened the bulls’ on Wall Street

Unlike physical assets, those we cannot see have never been tested by rising prices

Update to existing agreement comes after US president-elect threatened both sides with tariffs

Who will set US trade policy?

Taking drive for deregulation too far could push the US on to a ‘dangerous boom-bust path’, fund cautions

There is a notable — and rising — risk of financial turmoil if the new White House does anything to spook investors

The US economy outperformed its global peers but left citizens feeling worse off, leading many to turn to Donald Trump

Also in today’s newsletter, manufacturing surge boosts China’s economy and Mark Carney launches bid to become Canada’s PM

Analysts and officials warn of threat from tariffs and weak consumer demand

Inflation remains stubbornly high. Why?

Concern over US tariffs heaps pressure on industry struggling with electrification and competition from China