International - Financial Times - Credit Squeeze

And bad Treasury returns

Only China and Canada have retaliated against US president’s tariff war

EU proposes protections for agriculture as it aims to finalise agreement with Mercosur bloc in December

Financial markets will be closer in the future to a singe from inflation than a freeze in growth and prices

GM Korea’s factories principally serve the North American market, raising doubts about their viability

Cuts to renewable energy subsidies risks country’s credibility and power shortages, state utility warns

US commerce secretary wants Chinese AI developers to ‘get addicted to the American technology’

No other globally competitive financial services hub imposes such relentless bureaucracy on its businesses

Unexpectedly sharp June rise signals US president’s levies are pushing up consumer prices

Trump’s focus on the goods of the past is ridiculous. What matters is competitiveness in the future

Headline and core data in line with expectations but will not be enough to ease Fed’s fears of tariff-driven price rises

Kevin Warsh and Kevin Hassett are eroding their credibility to court Donald Trump

Also in today’s newsletter, the ‘cat bond’ market and EU budget plan’s eastward shift

Measures would take effect if trade talks falter as Donald Trump threatens 30% levies from next month

Group says it has received US government assurances that it will approve licences for H20 chip

Also in this newsletter: Is the EU ban on Russian gas legal?

Anthony Albanese touts tourism and steel co-operation on six-day China trip that is clouded by Trump turmoil

World’s second-biggest economy on track for full-year target despite weak demand at home

Also in this newsletter: is the Modi government massaging economic data?

Investigations could lead to tariffs on unmanned aircraft systems and polysilicon