Hi Anon, No, not really. Here's the American use: If you are slowing down for a stop sign, and you hear that eeeeeeeeee noise, you usually say your brakes are squeaking, but if you did say squealing, it's fine. I would use squealing when you hear the sound of someone hitting their brakes hard to avoid an accident.
New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.