International - Financial Times - Credit Squeeze

Unexpected decline comes even as President Donald Trump and Chinese leader Xi Jinping seal a truce

Andrew Bailey’s comments on market pricing suggest country may settle at higher rate than in US or Eurozone

Materials added may be included in future tariff policies

Chancellor says higher tariffs, reduced quotas and preferential procurement are needed to shield struggling industry

Forecasting the impact of artificial intelligence has become fraught, with evangelists pitched against sceptics

Andrew Bailey tips balance in divided committee, with December cut looking likely

Tenth consecutive monthly contraction marks longest period of continuous decline since financial crisis

Also in today’s newsletter: Nvidia chief says China will win AI race, and ‘poison pills’ in US trade pacts

Trump’s deals with Malaysia and Cambodia will not turn them into economic satellites in a cold war of commerce

A successful alternative to Trumponomics would have to work economically and politically, and in a sustained fashion

Danish group lifts financial guidance to top end of range on strength of consumer demand

Regular pay growth was still below 2% in September

A large Fed balance sheet and a large budget deficit mean monetary policy and politics will stay entwined

Case could determine the future of the US president’s global trade agenda

Libertarian president vows to double down on transformation of country’s economy

Conditions inserted by Washington into tariff deals with Cambodia and Malaysia seen as ‘loyalty test’

Case could determine the future of the US president’s global trade agenda

Multilateral efforts to tackle climate change can still deliver for the UK and for the world

Better than expected figures come a week after Federal Reserve cut interest rates

Central bank cuts come as prime minister seeks to streamline economy in face of Donald Trump’s trade war