International - Financial Times - Credit Squeeze

Share price muted despite surge in iPhone sales driving record revenue

More than 80% of leaders surveyed by Institute of Directors said they were pessimistic

Chief executive Andy Jassy warns of further tariff policy uncertainty and who will bear the cost of them

US president threatens to ‘deploy every tool in our arsenal’ to protect Americans from ‘abusive drug prices’

Steep levies to go into effect for many countries within seven days

Free-range globalisation is not part of the Sinosphere’s economic plan

Americas’ two biggest nations at loggerheads after Lula refuses to negotiate on ‘unacceptable’ Trump demands

Bloc members including France and Italy are pushing for an exemption as negotiations continue

Also in today’s newsletter, the Fed defies Trump, and Meta shares surge

German carmaker maintains its annual guidance despite a 32% decline in second quarter net profits

Central bank holds rates and raises inflation forecasts, fuelling expectations for monetary tightening

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

US president’s threat of 25% levy against New Delhi stands as deadline nears

Plus more on tariffs and price increases

End the Fed; studentGPT; Puff Daddy pardon; portrait of a DOGE

Canada and Mexico lead diplomatic offensive in Washington as August 1 deadline looms

America knew the EU was weak. The rest of the world knows it now

The country is one of the most exposed in Europe to Trump’s tariffs, intensifying fears that a golden era of growth will slow down

Move by Washington takes levies on country to 50% for alleged unfair trade practices and trial of former president

US president says trade deal would lower 25% levy on cars and include $350bn investment