International - Financial Times - Credit Squeeze

US Treasury Secretary Bessent described preliminary trade talks as 'constructive'

Plus, US president visits Japan on Asia tour, Dutch elections, and US, Japanese and European central banks set rates

America’s 40th and 47th presidents both employed protectionist measures but in vastly different ways

High-level talks yield progress ahead of summit between Donald Trump and Xi Jinping

Market Questions is the FT’s guide to the week ahead

Political divergence on Capitol Hill is trickling down to corporate America

Talks between US and Chinese officials covered export controls, fentanyl and agricultural products

US president was angered by a television advertisement quoting former president’s disdain for import levies

Washington describes first day of negotiations between Scott Bessent and He Lifeng as ‘very constructive’

US president heads for summit with Xi Jinping after halting talks with Ottawa

Figure paves way for expected Federal Reserve rate cut next week

Africa’s two biggest economies hope decision will spur greater investor enthusiasm

Higher prices will allow producers to increase capacity outside China but there is a definite whiff of euphoria

There are several things Rachel Reeves can do to lift the dead weight of higher interest costs

US president voices anger at anti-tariff advertisement by province of Ontario

Investors buoyed by guidance upgrade and 30% rise in profits

Also in today’s newsletter: the EU’s failure to agree financial help for Ukraine and China’s expansion of renminbi loans

Boost to economy comes ahead of expected tough Budget next month

Treasury secretary Scott Bessent is taking a big gamble with his $20bn swap line to prop up a Trump ally

Beijing’s push will speed moves to multi-polar monetary system, analysts say