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America’s attention is turning to its own backyard, but it is discovering that it still can’t go it alone

Latest figures likely to give Beijing confidence as it steps up negotiations with Washington

Beijing accuses Washington of imposing fresh restrictions on Chinese companies after trade talks last month

Plus, bromance brews at the White House, Bolivia holds elections and the IMF and World Bank hold annual meetings

Research for FT warns geopolitical turmoil, weak confidence and risk of a stock market correction threaten growth

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

Big shifts, mixed signals and uncertainty are shattering macro consensus

Michigan’s ‘Big Three’ carmakers forecast a combined $7bn tariff-related hit to earnings in 2025

US hardliners want a tough stance but the US president is taking a more nuanced approach to Beijing

Pray for Dogecoin

US president says measures will include export controls on software and take effect from November 1 ‘or sooner’

High interest rates and fear of economic shocks spur households to build up savings rather than splash out

Chief executive Pascal Soriot applauds the deal with Donald Trump as ‘a big win’ for US patients

Biggest one-day drop in S&P 500 since April brings weeks long rally to a halt

Graduates are actually doing fine in a lot of countries

The architect of Trump’s first-term tariff policy on the end of free trade, swapping the White House for Wall Street — and why he considers the president ‘the most honest person’

Also in today’s newsletter, Israel’s cabinet approves first part of Trump’s peace plan and matcha shortages

Moves come as Beijing seeks leverage over Washington in trade negotiations

A rare combination with uncertain implications

Brussels aims to use its €300bn aid programme for geopolitical muscle, says commissioner Jozef Sikela