International - Financial Times - Credit Squeeze

Alternative legal options explored to circumvent Hungarian veto

Imports of products used by pharma and medical groups surged to a record in March

Global markets advanced yesterday after the world’s two biggest economies reduce punitive levies

Deal stokes optimism among investors that Donald Trump will de-escalate trade war

Secret meeting in IMF basement paved way for tariff deal seen on both sides as a victory

Equities, dollar and oil advance after world’s biggest economies reduce punitive levies

Deal to reduce duties for next 90 days marks first sign of tension easing between the two economic superpowers

Clare Lombardelli and Megan Greene want to see more evidence that inflationary pressures are easing

Uncertainty around Trump’s trade war has not gone away

Innovation has stalled in a globalised era dominated by state-sponsored national champions

The US president is trying to play Britain off against the EU

Beijing and London’s pacts with US create exceedingly uncertain future

Also in today’s newsletter, Hamas prepares to release US-Israeli citizen and AI programs tested on routine work tasks

Call for US-made goods seems to boost demand but trade deals may undercut pricing

Chinese company’s Hong Kong offering set to be biggest listing globally this year

And greedflation revisited

Markets rise and gold weakens as American and Chinese officials seek to de-escalate tensions

Wait-and-see approach from business leaders is prudent but risks paralysis

Trump’s new film tariff proposal is bad economics but smart politics

Unusual swings in markets and consensus economic narratives point to longer-term forces