International - Financial Times - Credit Squeeze

Also in today’s newsletter, Treasury secretary Scott Bessent pushes for universal tariffs and Nato’s silence over Greenland threat

US president says Narendra Modi is expected to visit White House next month

Dim sum are called momos now

Economists warn the wallets of the US working class could be hit by the new administration’s priorities

Trump’s Treasury secretary wants levies to rise month by month in order to give businesses time to adjust

Colombia’s President Gustavo Petro finds little support for confrontational stance against US

Three leading indicators about what to expect from the president’s second administration based on his first week

Decision marks latest confrontation between Elon Musk and Brussels

A pointless spat over deportation flights shows the destructive futility ahead

A world without rules is one in which the strong prey upon the weak

Also in today’s newsletter, Israel allows Palestinians to return to northern Gaza and investors offload record amounts of PE stakes

Nations turn to tactic used in US president’s first term when more bilateral agreements were signed

Plus stocks for 2025

There is more room for the Bank of England to loosen monetary policy than the market expects

US president’s policies are likely to push up dollar-denominated debt, hurting economies such as Mexico and Malaysia

Bogotá had turned back American planes carrying deported migrants

Industrial profits fall for third year as US trade tensions cloud economic recovery

Employers are cutting jobs and raising prices to offset tax increases, with wages still growing too fast for policymakers’ comfort

World leaders gather in Poland on Holocaust memorial day, Fed and ECB make rate calls, and the Year of the Snake begins

Market Questions is the FT’s guide to the week ahead