International - Financial Times - Credit Squeeze

Lower than expected purchases of three-year government debt add to investor angst

Treasuries also slide after weak auction for three-year US government debt

Computer-driven asset manager’s institutional equity strategy down 8% in April

White House says additional duties will begin on April 9 as Beijing warns that it will ‘fight to the end’

Clare Lombardelli says import taxes will ‘depress activity’ but impact on inflation is less clear

Forced to choose between the US and China, the likes of Vietnam may opt for Beijing

Billionaire dubs Peter Navarro a ‘moron’ as feud over policy intensifies

The trade deficits will remain roughly unchanged — the globe will just end up poorer

Risky funds drop almost a quarter of their value as Trump’s trade war hits market

EU slow to agree measures as member states divided over how hard to hit back

Also in today’s newsletter, some of the president’s billionaire allies are breaking ranks to lambast tariffs

Why doubts over the Fed’s dollar swap lines are such a big deal

Aston Martin’s bond prices drop to record lows and cost of insuring VW’s debt against default jumps

Hard choices are ahead, but the central bank should not be afraid to be hawkish

There is no school of foreign policy realism or trade mercantilism that could explain the US president’s actions

Von der Leyen warns against diversion of Chinese exports to Europe in call with China’s premier

Mehmet Şimşek argues cheaper oil can help rebuild foreign reserves and ease inflation after sell-off last month

Also in today’s newsletter, US to hold talks with Iran and the Fed’s dilemma

Carmaker hit by sharp decline in China and Germany

Alarm at market turmoil prompts allies of president to speak out