International - Financial Times - Credit Squeeze

This is a world in which no one can ‘price’ peace any more

The Chinese ecommerce group has taken various measures to protect its global business

High internal barriers and regulatory hurdles are far more damaging for growth than anything America might impose

Consumers urged to switch to avoid inflation eroding value of their cash

Also in today’s newsletter, ‘reciprocal’ US tariffs, and Arm’s dramatic shift of strategy

US president has accused Taipei of ‘stealing’ American semiconductor industry

US president orders options to retaliate with levies against host of perceived trade barriers

Markets struggle to price politics

Also in this newsletter: Meloni’s Starlink deal with Musk draws ire

Fast fashion group was targeting London listing in first half of 2025

Trump’s fire hose of policy changes could make companies more cautious on spending and investment

Beijing’s action against clothing maker PVH and biotech company Illumina underlines risk created by trade tensions

Brazil, India, Japan, Canada and EU at risk, warn White House officials

Talks with Indian leader followed US president’s plan to impose reciprocal tariffs on trading partners

A look at tariffs outside the US

Head of Paris-based stock exchange says shock of new US administration is forcing competitiveness gap to be tackled

Also in today’s newsletter, Apple teams up with Alibaba to develop AI in China and Elliott builds a 5% BP stake

Business leaders believe US president needs Mexican manufacturers to win battle with China

Finance chief’s caution comes as company revises cash flow guidance upwards

With apologies to John Maynard Keynes