International - Financial Times - Credit Squeeze

Neither international nor domestic courts on their own will stop the US president’s destructive tariffs

India’s prime minister expected to offer tariff concessions and power purchases at meeting in Washington

Figure bolsters case for Federal Reserve proceeding slowly with interest rate cuts

Wholesale prices have doubled over the past year as culls to stop spread of virus prompt shortages and rationing

Despite Javier Milei’s pledge to dollarise the economy, the national currency is having a resurgence

New research shows uneven improvements in Bangladesh factory labour standards

Trade is wrongly blamed for the relative decline of the US

Also in today’s newsletter, Foxconn confirms interest in Nissan stake and Disney cuts diversity category from executive pay scheme

What have we learned from the recent spate of government bankruptcies?

As the winds of isolationism whip across the world, nations that value stability and prosperity must step up

Political calculation is trickier than policy as aligning with Trump camp too closely risks alienating Labour voters

And emerging market stock indices

Also in this newsletter: Von der Leyen’s simplification drive hits the road

Executives grapple with uncertainty and price volatility even before levies come into effect

It is not just tariffs that might affect growth but also trade uncertainty and the effects of the Trump policy agenda

Central bank chief vows to ‘focus on the data’ rather than get dragged into political debates

Until now, the US has been a strikingly benign and successful hegemon

But uncertainty and a rise in near-term inflation warrants a cautious approach to cuts

Treasuries rally as investors take more bearish view on economic impact of new president’s policies

Decision not to impose immediate reprisals comes as London follows Washington in refusing to sign global AI accord