International - Financial Times - Credit Squeeze

Nobel-winning economist Daron Acemoglu on trade wars, tech industry hubris — and how loss of faith in US institutions could spiral

It needs only a small reduction in the dollar slice of global reserves to hit prices and raise borrowing costs

US president warns he could hit Japan with tariffs after vowing to place levies on imports from Canada and Mexico

Multinationals need to dust off the pandemic playbook to cope with disruption

Bloc hopes olive branch will help to shield Europe’s ailing car industry from Donald Trump’s trade measures

Donald Trump has ensured a global audience for the contest between Mark Carney and Chrystia Freeland to lead the Liberal Party

Also in today’s newsletter, Trump promises to crack down on private equity tax loophole and Iran rules out US talks

President escalates dispute with Trump administration over strategic waterway

How to solve global imbalances

President’s latest tariff threats have sparked alarm in Republican breadbasket states such as Iowa

Wall Street executives say uncertainty over trade and economic policy has put sudden chill on M&A

Sector already reeling from increases of as much as £5bn in national insurance contributions and wages

Newly appointed finance minister defends country’s role in securing alternative gas supplies to Europe

The US president wants to weaken the dollar while preserving its exorbitant privilege

A rise in Bund yields could add pressure on other markets around the world

Global investors had time to prepare for Donald Trump’s tariffs but were still caught off guard

Stock indices in the UK and Germany have recently hit record highs

Is there an industrial policy rationale for Trump’s tariff brinkmanship?

Business jet maker is one of the country’s first companies to warn on potential damage from US trade dispute

Revised economic estimates come as blow to Labour and stoke stagflation fears