International - Financial Times - Credit Squeeze

Also in today’s newsletter: market sell-off spreads to Asia and Europe

In the fourth annual FT-Nikkei Investing in America report: How businesses are dealing with an unpredictable Trump administration; The US labour market; Corporates rethink investment strategy and how the Big Three carmakers are reacting to tariffs

The president’s second term has so far been marked by trade wars, executive orders and a stock market rally

The economist on populism, fiscal debt and the long-term trend of economic equality

The US economy is no longer producing as many jobs, but unemployment is at historic lows

State-backed incentives, grants and loans are offered to attract companies

Long-term investment strategies are coming under pressure as industries navigate myriad new regulations

Donald Trump’s rapidly changing policies pose planning challenges

Ford, General Motors and Stellantis have moved quickly to offset trade war impact and benefited from relief measures

A partnership that was once altruistic and collaborative has become transactional

Prime minister’s first budget will nearly double the country’s deficit

Economists disagree, financial markets do not care, the public are fickle and the Supreme Court is not to be trusted

Also in today’s newsletter: top-10 Tesla shareholder opposes Musk’s pay package and Trump’s new ballroom imagined

The FT’s guide on what to look out for on Thursday

Pfizer has filed two lawsuits to block Novo Nordisk’s $9bn bid to buy Metsera

Central bank governor makes first public remarks since Donald Trump’s move to fire her

The latest Trump-Xi deal won’t easily mend the faultlines that have opened between Washington and Beijing

Plus, if Trump loses high-stakes legal case on his trade regime, expect his team to take alternative measures

Canadian prime minister has enlisted executives including from former employer Goldman Sachs

Also in today’s newsletter: oil prices rise after Opec+ meeting and Musk’s ‘facile’ rival to Wikipedia