International - Financial Times - Credit Squeeze

Beijing’s policies have encouraged overproduction and excessive competition

Higher levies mean rising costs for importing into the US, parts procurement and supply chain adjustments

Country vows to strengthen ties after US president threatens punitive tariffs against any nation aligned with ‘anti-American’ bloc

Premier Li Qiang warns ‘bottlenecks’ in chip supplies are hindering innovation

Higher yields look probable, forcing countries to pay more to fund their ever-growing deficits

Despite the tariff shock, inflation is modest, stocks are up, and unemployment is low. Some experts insist it is too soon to tell

US president will talk trade with the UK premier and the EU’s Ursula von der Leyen on golf-focused trip

European Commission president’s trip comes as bloc races to avoid transatlantic trade war with Washington

Current and former officials view the US president’s widening assault on the central bank with alarm

As America disengages, other countries are having to work together to find solutions to global problems

Tokyo officials contest Washington’s claim that American investors assured of vast share of profits from joint investment

Fund says Britain should consider new models for public services and pensions in the long-term

German auto group lowers return-on-sales estimate after taking €1.3bn tariff hit

Roaring black market for US semiconductors operates despite efforts to curb Beijing’s high-tech ambitions

Also in today’s newsletter, Chinese investors flock to HK and the stock market’s extraordinary year

Prime minister will also make the case for closer ties as US president visits golf courses in Scotland

Results reflect concerns over tax rises in the autumn and impact of inflation, analysts say

Accord means tariffs for UK petrol and diesel car manufacturers will fall to headline 10% rate only in 2031

Permitting and housing reforms as well as R&D investment and more highly-skilled immigrants are needed

Central bank reduces main policy rate to 43%, close to level in March at start of government crackdown