International - Financial Times - Credit Squeeze

Also in today’s newsletter, tributes to Pope Francis, IMF gloom and can Poilievre beat Carney?

Industry executives report change of approach as Beijing bears brunt of Trump’s tariffs

Commerce ministry acts amid concerns that Washington will push trade partners to isolate Chinese goods and businesses

Berlin’s €1tn stimulus is shifting EU attitudes to state subsidies

How the trade war will reorder the global economy — not burn it down

Vast majority of drugs prescribed in America are off-patent generics made in lower-cost countries

Second-hand goods could be in vogue when levies lift prices for imports, analysts say

Automation will disrupt American jobs more widely than China ever did

Surangel Whipps Jr warns Pacific nations must show economic gains to justify snubbing Beijing

Parallels are being drawn between the US tariff war and the external shock that kick-started the Indian economy in 1991

Tariff shock and market slide are among rising threats to growth, Brookings-FT Tiger index shows

Banking committee member John Kennedy says US central bank ‘ought to be independent’

Updates to global growth forecasts, European manufacturing in spotlight and Tesla and Alphabet report results

Chancellor also hopes to get better tariff deal for UK in meeting with Treasury secretary Scott Bessent

Withdrawal would undermine US international prestige and the privileged role of its financial institutions

It’s a lesson that the White House should learn if it wants to build up manufacturing in America

German group is first major commercial logistics company to take action after new tariffs come into force

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

Shares in the turbine maker soared last year but now it must contend with DeepSeek and Donald Trump

Spending has slowed since 2017 peak but Beijing retains significant investments across the UK