International - Financial Times - Credit Squeeze

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

Beijing’s aggressive pursuit of energy self-sufficiency could give it the upper hand in the trade war with the US

In a world of growing disorder, the European project is now about hard power

Beijing’s self-reliance drive accelerates as groups seek out local suppliers in response to tariffs

Plus, Cannes opens under the cloud of US tariffs, and Romania likely to pick an ultranationalist president in run-off election

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

Removing inefficiencies at home is even more important in a trade war

Market swings caused by Trump’s levies may be ‘tipping point’ for foreign investors, Congressional Budget Office chief says

Colombian plan to join Beijing’s Belt and Road Initiative triggers threat from Washington

Newly formed Vinarchy expects growth in Canada and Latin America as US brands fall out of favour

Meeting between He Lifeng and Scott Bessent comes a day after Donald Trump said he was open to cutting tariffs

Fight is underscoring scrambled political alliances surrounding Biden-era Inflation Reduction Act

Agreement will halve tariffs on whisky into world’s biggest export market by volume for the spirit

Film industry says the president’s vague plan for levies on foreign production would do more harm than good

The really big risks to the dollar remain US geopolitical and policy errors

Eurozone central banker warns splurge on defence spending and impact of tariffs risk feeding inflation

US president suggests reduction to 80% as Beijing announces increase in global exports

Pact lacks clarity in many crucial areas, say trade experts and industry bodies