International - Financial Times - Credit Squeeze

Projection clashes with IMF estimates that rule out US making progress in lowering deficit

The mandarin’s mandarin on G20 communiqué scrapping, the risk of a ‘Truss moment’ in Treasuries, and the dollar’s endangered dominance

Trump administration plans trade assault in attempt to drive down cost of medicines including weight-loss pills

Ronald Lamola tells FT Africa Summit that Washington wants to include Black empowerment and land policies in negotiations

Fossil fuel exporters claim investment and security of supply will be imperilled

Size of US bailout and support for agricultural rival begin to rankle the president’s political allies

California-based toy manufacturer says retail customers shift order patterns to avoid levies

Brussels’ trade commissioner and Chinese commerce minister also discuss ‘serious’ situation at chipmaker Nexperia

Javier Milei’s plight in Argentina demonstrates how difficult it can be to rescue economies

BoE governor draws parallel with practices before 2008 financial crisis

No one seems to agree about the risks the system is running

Also in today’s newsletter, Japan’s parliament elects first female leader and Argentina’s currency falls further

Plus what the alternative labour data says

Findings challenge narrative that food price growth is being driven by higher taxes and wage costs

Activists warn of protests if New Delhi makes concessions on US agricultural imports

Comments from US president will ease concerns in Canberra that Washington was cooling on pact

Rare earths are not the only Chinese product that America would struggle to replace

China and the US are heading for an unstable truce

Also in today’s newsletter, AWS outage hits services on the east coast and centrist wins Bolivia’s presidential election