International - Financial Times - Credit Squeeze

New Delhi hopes to head off Trump’s threat of 26% duties while protecting vast agricultural sector

Stronger than expected consumer confidence reading adds to buoyant investor mood

British state support needed to prevent loss of production facilities after tariff changes, industry warns

Eurozone accession was repeatedly pushed back due to political turmoil and rising inflation

The courts will not pose a problem, even if tariffs and the budget still do

Austrian central bank governor warns earlier reductions are ‘more risky’ and will have ‘no effect’ on growth in the currency bloc

Also in today’s newsletter, Greenland threatens to woo China if US and Europe shun its mining sector and Japan opens up to non-US defence procurement

She’s Gen Z, she’s Scottish, and she’s our only hope

Also in this newsletter: Brussels strains to lower the Russian oil price cap

The EU now has a unique chance to capitalise on investor doubts about the US and promote the euro as a reserve currency

Fresh food costs push prices to their fastest rise since May 2024

Trade tensions are building, the military alliance is under pressure and Korean domestic politics are fraught. Can Seoul negotiate a way out?

Italy’s Meloni holds emergency call with US president ahead of exchange with von der Leyen

US president’s tariff escalation has helped unite leaders behind the commission

Johan Norberg on what drove history’s influential civilisations; Ben Chu on the rise of zero-sum economic thinking; plus Germany’s decline and a must-read for monetary aficionados

Also in today’s newsletter, oil chiefs warn of end to US shale boom, China’s banking sector consolidation and Wall Street competes for graduate talent

French president’s visit to Vietnam, Indonesia and Singapore will portray Paris as more respectful than US or China

Von der Leyen says Brussels ready to move ‘swiftly and decisively’ after ‘good call’ with US president

Also in this newsletter: why ratifying the Mercosur trade deal hangs in the balance

Danish minister agrees reporting obligations for companies need simplifying, but insists on the new regulations’ merit