International - Financial Times - Credit Squeeze

Also in this newsletter: Slovakia lifts its block on the EU’s latest sanctions against Russia

While the political difficulties are real, the economic challenges are far from insurmountable 

The president has a number of options to take action against Jay Powell, but they all come with risks

Politicians are promising voters tax cuts and handouts just as bond yields are pushing higher

Move attempts to break impasse in talks by ditching complex mechanism proposed by German industry

The president’s leadership style strikes a chord with many but his tariffs offer Beijing more openings

Hosts say US still committed to grouping after Treasury secretary skips gathering of finance chiefs in Durban

Framing Beijing as a mortal enemy will hamper US growth and reduce Washington’s global influence

Also in today’s newsletter, US president reaps $50bn tariff haul as world ‘chickens out’

US president’s offensive against Jay Powell has prompted swings in the dollar and lifted long-term inflation expectations

Companies faced higher taxes and uncertainty from US trade war

Also in today’s newsletter, Senate passes public spending cuts bill and justice department fires Maurene Comey

Shares rally as much as 10% as investors are cheered by impact of turnaround plan

Know your facts before conventional wisdom gets you

Brussels is also considering export controls if trade talks with Washington fail

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

EU was expected to finalise its investigation before the bloc’s summer recess but will now miss this deadline

The EU is using the old trade playbook against a new and different threat

Wall Street lenders beat expectations for fees

Policymakers in Beijing are deadlocked while some analysts believe rates are, in effect, at zero already