International - Financial Times - Credit Squeeze

Analysts say the risk of retaliation is likely to deter countries from seeking to backtrack on already agreed deals

China and others have long been adept at using supply chains to their advantage — the EU should do the same

President attacks judges for a second day as he escalates levies from 10%

The German chancellor will arrive in Beijing with a markedly tougher trade stance than his predecessors

Uncertainty will linger as the president tests alternative legal options

Trump has come close to exploding one of the great myths of the investment world

Winter ‘pantry’ depleted as rains devastate crops in Spain, Portugal, France and Morocco

US president lashes out at ‘disloyal’ justices after stinging blow to his flagship economic policy

Top court issues historic rebuke of US president’s use of emergency powers to impose duties on trading partners

Figure hit by drop in government spending during federal shutdown comes in far below analysts’ expectations

Battle lines begin to form over who will recover more than $130bn in levies assessed on imports

Follow the latest impact of tariffs amid the president’s ongoing trade war

The US president has alternatives he can use to escalate his trade wars

It turns out that even conservative justices will only accept so many assaults on legal and constitutional norms

Christine Lagarde has pushed back against reports that she will step down from the ECB early

The risk of a lasting inflationary overshoot is now lower but the US’s fiscal path is likely to be more expansionary

Price pressures continued to rise according to the December PCE inflation data

Also in today’s newsletter: Trump’s Iran warning and Amazon’s AI coding bot

Government measures to lower energy costs explain the sharp slowdown in January’s headline inflation rate

Jakarta to drop 99% of import levies and buy more American energy and agricultural products