International - Financial Times - Credit Squeeze

Higher costs lower the returns to ambition in the west

Beijing attacks ‘arbitrary’ moves and says it will file WTO lawsuit

The switch from centralised, closed models to open source democratises AI access for everyone

Struggling producers say new proposals to prevent dumping are ‘too little, too late’

US president’s move threatens to disrupt North America’s economy and overturn decades of integration

US president fires starting gun on trade war with levies of up to 25% on goods imported from trading partners

Justice department alleges John Rogers accessed sensitive information including briefings and policy deliberations

President bets he can achieve his aims through tariffs without igniting inflation or a sell-off in American stocks

Proposed customs reform would allow officials to better inspect and control packages from China

Long-standing statistical quirk means both sides report a trade surplus with the other

US not so exceptional amid a strong start to year for equities on both sides of the Atlantic

Central American nation in ‘panic’ as US president issues threats over canal

US president says he will hit Canada, Mexico, China and EU with levies as he targets major trading partners

LVMH’s Arnault contrasts US ‘wind of optimism’ with ‘cold shower’ of France

Former finance minster says Ottawa must target US president’s ‘billionaire buddies’

We can no longer squander our strengths with self-imposed handicaps. There is too much at stake

Expectations about price increases rise to highest level since July as central bank prepares for more interest rate cuts

Also in today’s newsletter, Trump blames Washington air crash on DEI and advice on how to find the perfect partner

Foreign minister Mélanie Joly holds meetings in Washington in attempt to avert trade war

Plus, carmaker Stellantis bets on a turnaround in Trump’s America and the rising infrastructure star at Blackstone