International - Financial Times - Credit Squeeze

Also in today’s newsletter: Trump brands Iran response to peace proposal ‘unacceptable’ and US wildfire warning

Conflict affects American businesses and consumers at cost of hundreds of billions of dollars in lost output

Plus, how to protect central bank independence

Chamber of Commerce says west is running out of time to sever its growing reliance on Chinese supply chain

Fixing it will require much more than the new farm bill can deliver

What happens if Washington pulls the ‘kill switch’ on digital services?

There is a way to reduce the risk of a run on gilts and decrease the cost of government borrowing

Data shows deflationary pressures are easing in world’s second-largest economy

US president arrives in Beijing on Wednesday for his second in-person meeting with Chinese leader

Plus, US Treasury secretary visits Tokyo and Starmer attempts reset in the UK after disastrous local election results

Beijing could turn instability in the Middle East into a strategic gain

Bond giant and Franklin Templeton warn in interviews with FT against cuts in borrowing costs

Market Questions is the FT’s guide to the week ahead

Economists have been proposing fixes to structural problems created by an international reserve currency since the 1940s

Iran war and inflation hit US president’s approval ratings and weigh on Republican midterm prospects, survey shows

US president has threatened to raise levies to 25% if EU does not implement last year’s trade deal

As the US president prepares to visit Beijing, America no longer holds all the cards — but China knows it must tread carefully

Robust trade surplus shows US tariffs have done little to dent the country’s manufacturing prowess

Hiring exceeds Wall Street forecasts for second month in a row

The window to prevent a global economic disaster is closing