International - Financial Times - Credit Squeeze

Figure comes as Rachel Reeves contends with impact of Trump tariffs

Scale of US levies on Chinese goods deepens recession fears

Plus more on valuing stocks in a crisis, and inflation

Also in this newsletter: Italy’s latest attempt to send migrants to Albania

Mayhem threatens to erode the appeal of US investments — which could, perversely, help Trump get what he wants.

Analysts estimate Donald Trump’s levies could cost the average household $4,700 a year

Trump’s tariffs were erratic and flawed but imbalances in the world economy are real

Swiss president to attend informal EU finance ministers’ meeting for the first time, alongside British chancellor

It’s not just bread and circuses any more

French carmaker insulated from industry tumult so far because it has close to zero sales in US

Even an unexpectedly solid inflation report wasn’t enough to sustain a Wall Street recovery

Also in this newsletter, ecommerce companies head to small towns and RBI cuts the repo rate

Sector ‘ideally positioned’ to take advantage of disruption to global supply chain

Stock markets of Taiwan, Thailand and Vietnam deep in the red this year, despite rallying after reprieve on tariffs

Investors rush away from junk bonds and leveraged loans on rising recession fears

Gulf state pushes for free trade agreement with bloc

Investors warn 145% duties on US imports from China to hit growth even as president rolls back other levies

European Commission president tells FT she wants ‘balanced’ deal but could hit US services in retaliation

Have Trump’s policies hurt the US’s ability to borrow?

But trade war with China and tariffs on most US imports still risk great harm