International - Financial Times - Credit Squeeze

A rise in Bund yields could add pressure on other markets around the world

Global investors had time to prepare for Donald Trump’s tariffs but were still caught off guard

Stock indices in the UK and Germany have recently hit record highs

Is there an industrial policy rationale for Trump’s tariff brinkmanship?

Business jet maker is one of the country’s first companies to warn on potential damage from US trade dispute

Revised economic estimates come as blow to Labour and stoke stagflation fears

Swiss shenanigans

China’s rise has made the fracturing of the global order into competing power blocs inevitable

Bank of England is expected to follow Eurozone and Canadian counterparts by cutting while Federal Reserve holds

French spirits group hit by slump in Chinese demand for cognac following anti-dumping measures

Higher costs from tariffs threaten the president’s goal of bolstering domestic manufacturing

Emerging policy differences will force looser monetary policy in Europe than in the US

Also in today’s newsletter, the fallout from Trump’s Gaza plan, and Ackman trolls UnitedHealth Group

Most countries are less dependent on exports to America than you might think

Central bankers talk down theoretical benchmark that has become a focus of economists’ attention

More than 80% to be exempted by reforms aimed at cutting red tape and boosting productivity

Vincent Clerc makes prediction as shipping group reports rise in operating profit to $6.5bn for 2024

Prime minister’s move follows Donald Trump’s plan to hit neighbour’s exports with steep tariffs

With China also reducing imports, demand from the voracious American consumer will be hard to replace

Libertarian president aims to secure IMF deal to help prepare for end of fixed exchange rate