International - Financial Times - Credit Squeeze

Plausible predictions have vastly different outcomes. Also in this newsletter, US trade balances move back to normality

Regulator found manufacturer could have received grants and preferential tax treatment that undermine European industry

German group’s boss says America remains ‘excellent market’ despite ‘painful’ wind farm and tariff moves

Also in today’s newsletter: ties between top Goldman Sachs lawyer and Jeffrey Epstein

Stocks also rise in first trading session as US pledges to lower country’s tariffs to 18% following oil agreement

Rise comes 6 months after cut as RBA warns on inflation

Tokyo signed the US president’s biggest deal yet. Will the investments ever materialise?

Once a regional tiger economy with double-digit growth, its pivotal drivers of consumption, manufacturing and tourism are in decline

Levies will drop from 50% to 18% as US president claims New Delhi will buy more than $500bn of American goods

Prosperity and security will be driven by removing unnecessary barriers that hold businesses back

As boycotts spread, the US is discovering the price of being politically unpopular

As the US redeploys its navy and alienates allies, Beijing is filling the void

US Export-Import Bank will provide $10bn in debt financing for effort named Project Vault

European Court of Auditors says bloc’s raw materials policy rests on ‘incomplete foundations’

Former ECB president says globalisation will leave Europe vulnerable unless it pools power

Brussels sacrificed its own principles when signing a trade deal with India

Also in today’s newsletter: revelations from 3mn Epstein-related documents, and Wall Street banks vs crypto companies

Rate-setters worry about falling behind the curve

We read a bajillion pages of transcripts so you don’t have to (unless you really want to, of course)

Bank balances weakening jobs market against firmer growth