International - Financial Times - Credit Squeeze

Stronger than forecast GDP in April to June quarter seen as cushion ahead of expected growth hit from trade war

Also in today’s newsletter, UK banks’ tax raid fears, and why progressives should care about falling birth rates

New levies on parcels worth less than $800 mark latest salvo in US president’s trade wars

Bloc must be prepared to walk away from trade deal with US if it retaliates against Brussels’ digital laws, warns Teresa Ribera

WTO members seek to boost ‘trade openness’ in era of Donald Trump’s protectionism

In the land of the (supposedly) free markets, government stakes and price controls are met with silence on Wall Street

Analysts question US president’s pursuit of natural resource deals

Central bank governor says August jobs report will be pivotal in setting direction of monetary policy

Prime minister’s praise of US president and decision to scrap levies on American goods fails to win deal

Treasury urges US banks to be vigilant to avoid being drawn into such schemes

America’s unpredictability risks pushing New Delhi and Beijing closer together

Rome complains about some of its Parmesan exports being hit with a 30% rate

The economist behind the ‘Sahm Rule’ talks recession trade-offs and the future of the Fed as tensions with the Trump administration escalate

Closely watched spending measure revised higher in GDP data as Fed weighs next move

Owner occupiers faced lowest rise in costs following cuts to mortgage rates over past year

Also in today’s newsletter, scandal at Australian bank ANZ and the booming business of Trump’s deportation flights

Western efforts to create a rival supply chain and break Beijing’s dominance will come up against challenges of cost and scale

Gilts hit hard by global rise in bond yields as ‘stagflationary’ concerns add to pressure on economy

History teaches us that chaos follows when leaders undermine the independence of central banks

This is how the cookie could crumble