International - Financial Times - Credit Squeeze

Also in today’s newsletter, Tesla warns of exposure to retaliatory tariffs and DeepSeek focuses on research

President expressed frustration about greenback’s strength before taking office, but its decline is not by design

Capital inflows could be the Trump administration’s next target

US president’s ultimatum has pushed New Delhi towards a broader realignment on trade

Marc Filippino talks to Alec Russell and John Reed

Increasing uncertainty clouds the region’s future as it tries to decipher Trump’s line on Beijing

John Swinney discusses investment with Eric Trump as tariff war intensifies and activists target Turnberry

Gold surges to all-time high as investors seek safety amid doubts over Ukraine ceasefire

As Trump flip-flops, the Unhedged team visits the IE Business School in Madrid

Elon Musk’s electric-car maker says levies could make it costlier to produce vehicles in the US

US president demands bloc scraps proposed duty on US whiskey

The EU has to act decisively if it is to adapt to a radically altered geopolitical landscape

Senator Steve Daines offers to act as intermediary in effort to secure meeting with President Xi Jinping

Also in today’s newsletter, government spending hit a record high last month

Premium investors’ demand to hold riskier debt jumps to highest level in six months

Also in today’s newsletter, Putin’s frontline visit and a new FT film on Nvidia’s rise

With wise policy, rearmament can for once be a source of unity rather than division

mammal, I’m throwed and I don’t know what to do

Plus China’s Two Sessions

The country wanted to do everything itself and largely still does