International - Financial Times - Credit Squeeze

Agreement will reduce tariffs on goods from the country to 15%

Figure marks rebound from previous month’s contraction

Industry’s return to the corridor would cut transit times and lower freight rates

Also in today’s newsletter: oil prices tumble as Iran tensions ease and Minneapolis on edge

Bundesbank expects country to recover slowly from its multiyear recession

Economic activity rises in most districts over past three months

Monetisation and its discontents

Business dynamism comes in many different forms

Levies designed to enact deal Donald Trump cut with chipmakers to allow shipments of AI processors

Trade tensions highlight reliance on imported components and minerals

Exports soar as world’s second-largest economy shakes off Trump’s tariff threat

Foreign minister warns newly appointed governor to ‘stay in her New Zealand lane’

Plus fiscal dominance and the Fed

Also in today’s newsletter: McKinsey pilots AI in recruitment and Saks Global files for bankruptcy protection

Governments are hoarding rice and grain as insurance against a world they increasingly view as unstable. But many economists believe it could be counter-productive

Deputy PM says Trump’s ‘liberation day’ tariffs were a ‘wake-up call’ for country’s dependence on Beijing

Australian producer Fortescue says China Mineral Resources Group is ‘key risk’ for market as Beijing seeks more leverage

Tech giant moves to reverse concessions made to limit the shock of US President Donald Trump’s trade levies

Monetary policy isn’t the only thing at stake in Trump’s battle with the Fed

Figures suggest cost pressures are being contained even as price growth remains above Fed’s target