International - Financial Times - Credit Squeeze

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

Brokers warn some lenders might be slow to pass on lower prices due to uncertainty around trade policy

Sell-off in 10- and 30-year gilts prompts central bank’s decision to sell only shorter maturity bonds in April 14 auction

Japanese clothing chain expects duties to hit profit at its rapidly expanding North American business

The US president’s tariffs on UK cars and other exports reveal the hollow promise of global Britain