International - Financial Times - Credit Squeeze

Also in this newsletter: Von der Leyen faces the wrath of the car industry

Donald Trump’s tariffs on Brazil are poised to compound the fastest cost increase since the 1990s

Figure highlights challenges facing Federal Reserve

World’s biggest buyer of Chinese autos seeks to preserve US free trade deal

Central bank says domestic economy ‘showing resilience’ despite US tariffs

The tension between price stability and maximum employment will not ease quickly

Paris political class goes round in circles while public finances fall behind those of other countries

Also in today’s newsletter, UK ambassador to the US sacked and Skadden in talks with Heritage Foundation over pro bono services

China is too unreliable a source of demand to replace the US in the trading system