International - Financial Times - Credit Squeeze

Also in today’s newsletter, Scott Bessent seeks to assuage debt concerns and Jony Ive on his vision for AI

Modelling shows localising manufacturing too quickly could reduce global trade by 18%

Beijing promises to take strong measures to defend its interests

Switzerland’s success shows that a nation can revalue its way to prosperity

Limiting trade, travel and freezing foreign reserves would show the EU is willing to act independently of the US

Central bank needs to mix playing defence with going on the offensive with a new policy framework and improved communication

Steep fall in energy storage prices proves a game-changer for businesses

There is an urgent need to rethink financial structures that are failing billions of people

Former policymaker at the Federal Reserve, IMF and World Bank also taught generations of students

Also, a week of decisions on European interest rates, British defence spending and Canadian growth legislation

Trump administration official seeks to assuage growing investor concern over the country’s public finances

Meeting between Jonathan Reynolds and Jamieson Greer follows vow by US president to double tariff to 50%

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

The obstacles to higher growth in Britain are well known

Investors’ concerns about US policymaking and Fed independence weigh on greenback and bonds

Boss of US plane maker says he is working with Trump administration to navigate period of ‘uncertainty’

50% levy would disrupt factories and supply chains in America’s biggest foreign supplier of the metal

US president escalates global trade war two days after a court ruled against the legality of his levies

Buying the best companies regardless of their country of origin might be the right policy

Prospective scholars think twice about Trump’s America and consider applying to universities elsewhere