International - Financial Times - Credit Squeeze

Sector ‘ideally positioned’ to take advantage of disruption to global supply chain

Stock markets of Taiwan, Thailand and Vietnam deep in the red this year, despite rallying after reprieve on tariffs

Investors rush away from junk bonds and leveraged loans on rising recession fears

Gulf state pushes for free trade agreement with bloc

Investors warn 145% duties on US imports from China to hit growth even as president rolls back other levies

European Commission president tells FT she wants ‘balanced’ deal but could hit US services in retaliation

Have Trump’s policies hurt the US’s ability to borrow?

But trade war with China and tariffs on most US imports still risk great harm

Big Tech’s interests are in stark contrast to the movement that put Trump in the White House

Regular guidance from executives on the near-term path of profit just got more elusive

Shipments cancelled as punitive levies hit

Deputy governor Sarah Breeden says it is too soon to untangle inflationary implications stemming from trade barriers

Trump trade war and Opec output surge create toughest challenge since the pandemic, executives say

Countries queueing to negotiate with the White House have 90 days to strike a trade deal

PBoC has allowed weakening in ‘fixing’ rate for the onshore currency for six consecutive sessions

The US’s biggest retailer is trying to convince Wall Street that scale is the key to winning market share amid trade war

The shock of tariffs is pulling Beijing back to economic fundamentals

Also in today’s newsletter, the bro-sphere was bewildered by Trump’s tariff blitz

Drop comes as Fed grapples with how to respond to Donald Trump’s tariff U-turns

Brussels suspends measures to hit €21bn of US imports to allow for negotiations with Trump administration