International - Financial Times - Credit Squeeze

Also in this newsletter: Campaigners file complaint against appointment of ex-tech lobbyist to data privacy watchdog

US central bank to begin debate on halting three-year phase of shrinking its balance sheet

For years, Washington viewed its relationship with the region as a way to limit Beijing’s influence, but tariffs now strain the partnership

Beijing, Brussels and Washington are all searching for the most efficient way to gum up their adversaries’ supply chains

Beijing should focus more on domestic demand to sustain high economic growth

Trade with the US is crucial but Asean and Apec summits are a chance for Canada’s PM to show the world it needs his country’s natural resources

Britain’s trade minister says a ‘club’ would be natural response to global glut of metal

The US president has unnerved Taiwan. But the island can still resist Beijing

The US president’s Asia tour is more likely to see trade truces than tariff escalation

Also in today’s newsletter: US debt nears Greece’s levels while global markets rally

Monstrification; Treasury basis trade; far side of the moon; weird shapes; Dragonlance

Plus European deregulation

Washington to become more indebted than European nations known for fragile public finances for first time this century

US Treasury Secretary Bessent described preliminary trade talks as 'constructive'

Plus, US president visits Japan on Asia tour, Dutch elections, and US, Japanese and European central banks set rates

America’s 40th and 47th presidents both employed protectionist measures but in vastly different ways

High-level talks yield progress ahead of summit between Donald Trump and Xi Jinping

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

Political divergence on Capitol Hill is trickling down to corporate America

Talks between US and Chinese officials covered export controls, fentanyl and agricultural products