International - Financial Times - Credit Squeeze

With three or even four significant wars raging, who can doubt the dangers of this period?

Small businesses carrying out ‘damage control’ following Trump’s tariffs

Dax index becomes first major European benchmark to recover all losses sparked by US tariff threats

US president stakes out position as Treasury secretary heads to Geneva for negotiations

No president is immune to the tides of history

Diplomats say pact’s provisions on strategic sectors is template for Washington

Donald Trump’s tariffs are catalysing price increases up and down the aisles. Will consumers swallow them?

Andrew Bailey believes agreement is ‘good news’ but warns that uncertainty is clouding business decisions

Gulf states estimated to manage 40% of world’s sovereign wealth

Government’s haste in striking limited US deal risks missing out on better terms

And Taiwan’s currency

White House and Downing Street celebrate tariff cuts but critics warn of a thin agreement that could face legal challenge

Also in today’s newsletter, Musk is ‘killing the world’s poorest children’ says Gates and a profile of the first American pope

Vice-premier with close links to leader seen as ‘more difficult interlocutor’ for Washington

Tech, trade, finance and military policies are mingling in a manner not seen during the neoliberal era

Number of visits to southern trading partner rises amid disgruntlement over Donald Trump’s policies

Stefanie Stantcheva’s economic survey of US citizens deserves the acclaim it has received

Data shows a rise in shipments to south-east Asia and Europe offsets drop to America

US president promises ‘breakthrough’ deal with UK will be first of many as he signals optimism on China talks

Experts warn pact still leaves UK facing higher tariffs on exports to the US than before president returned to office