International - Financial Times - Credit Squeeze

America’s export tariff on Nvidia and AMD chips sets a troubling precedent

It is getting harder to think it will stay bottled up. Also in this newsletter, the BoE hopes the UK is different this time

With US checks and balances on the retreat, it is unwise to be an optimist

Trump’s move threatens the country’s economy and Modi’s dominance of domestic politics — and could lead to realignment

Regulators ask companies including Alibaba and ByteDance why they do not use domestic alternatives

Japanese and Australian equities hit fresh highs after Trump signs executive order to continue talks for 90 days

It is no longer sufficient for the US-China trade relationship to be driven solely by cost and efficiency

Also in today’s newsletter, US president deploys national guard in Washington and European weapons production surges

Steady wage growth highlights challenge facing Bank of England

It’s always been on the table, but the picture is getting clearer

Currency is a surprise winner of Trump’s trade war as money pours back into emerging markets

Manufacturers fear US duties totalling 50% could scupper effort to offer supply chain alternative to China

In an era of high debt, it may be difficult for central banks to act without considering the knock-on effects for government

Gangs involved in trading endangered species are ‘loving’ the closure of conservation programmes

VW-owned group preparing for global influx of Chinese-made vehicles by staying close to cutting-edge technology

The currency is a surprise winner of Trump’s trade war as money pours back into emerging markets

EJ Antoni is an ally of the president and has criticised the agency for ‘phoney-baloney’ numbers

US president confirms he negotiated ‘a little deal’ with chipmaker’s chief Jensen Huang

US leader postpones new tariffs on world’s biggest exporter for another 90 days

President’s intervention comes after shock plan to hit bullion with duties triggered price surge