International - Financial Times - Credit Squeeze

Costs jump to 18-month highs as fears grow about health of region’s highly indebted groups

The largest US retailer is striving to keep prices low even as Donald Trump’s levies take effect

Beijing to match new duties imposed by Donald Trump with effect from Thursday as trade war escalates

Imports boom

The double whammy of falling bond and equity prices could partly be hedge funds unwinding so-called ‘basis trades’

Market meltdowns are all the same — here are six things I’ve learnt

As tariffs escalate, FT specialists recommend titles that explain the forces and ideas shaping trade policy in recent decades, including President Trump’s trade war

Bond bombshell

Investors say misfiring ‘basis trades’ are piling pressure on US government bond market

Central bank warns UK economy is particularly exposed to volatility triggered by Donald Trump’s policies

Attempts to read grand strategy into the US president’s doings have run their course

Bank of Spain governor says global investors may reassess role of US dollar as haven currency

Also in today’s newsletter, Musk calls Navarro a ‘moron’, and the hedge fund caught off guard by the sell-off

‘The end of an era’

Britain could exploit the chaos unleashed by Donald Trump, chancellor tells FT

Country finds itself caught precariously between two rivals, each demanding its loyalty

Trump administration warns other members of UN’s maritime body against measure negotiated this week

Ecommerce platforms were already facing closure of duty-free loophole for parcels from China

Investors reel as new levies on EU, China and other major trading partners come into force

Tariffs and positive correlation