International - Financial Times - Credit Squeeze

Predicting President Donald Trump’s next moves is a fool’s errand. Two FT columnists try anyway

Currency down 2% over the five days amid concerns over impact of Trump’s tax-cutting bill

Bloc vows to ‘defend our interests’ in response to US president’s escalation

US president says new levy on iPhones and other handsets could apply from the end of June

More than a fifth of all EU goods exports are to the US market

The euro should be developed more as a haven asset for times of market stress

Also in today’s newsletter, international students banned from Harvard and Netanyahu lashes out at western allies

Warm weather encouraged shoppers to spend more across most sectors, says statistics office

High food prices pile pressure on central bank and unpopular Ishiba government

And long bonds gone wild

Who cares what the papers say?

State media reports meeting between US investment bank chief and senior officials

Worries about trade wars and a rising debt load have shaken faith in the Treasury market

US negotiators to tell Brussels they expect unilateral concessions

Former Biden top adviser predicts jobs and projects in Republican states will suffer

Malaysia and Singapore find harder to maintain neutrality as geopolitical tensions grow

Executives seek deal with US but sales set to fall in sector facing structural problems

iPhone-maker continues manufacturing pivot away from China but Donald Trump demands shift back to US

Summit makes little progress on how to respond to Donald Trump’s trade war

Western governments must tackle the maritime lawlessness their sanctions helped create