International - Financial Times - Credit Squeeze

Facing hostility from its two largest trading partners, Canberra embarked on a drive to diversify

Jay Powell has overseen his last Fed meeting as chair even if he plans to stay on as governor

The longer the Strait of Hormuz blockade continues, the more likely a crisis-like adjustment in rich economies becomes

Industry offers glaring example of the self-defeating nature of tariffs

Brussels cites security concerns in latest crackdown on sensitive China-made imports

After years of struggling to match the global popularity of the US, Japan and South Korea, Beijing’s image is improving

Move to soften impact on companies of flagship climate legislation is a setback for environmental groups

The continent is better positioned to weather crises, yet perceptions remain stuck in the past

‘Somewhat counterintuitive’ indeed

New procedures only reimburse importers, not those who indirectly sourced products through them

Total economic and financial insulation is an impossibility

Farmers fear a flood of cheap meat as Carney government looks for entry to South American bloc

Also in today’s newsletter: Putin hunkers down for fear of assassination and GameStop makes $56bn bid for eBay

Leaders call on other partners to maintain global trade flows with similar agreements

Pwned by Beijing

Abu Dhabi’s Fertiglobe switches to land cargo to avoid Strait of Hormuz as soaring prices allow it to shoulder extra costs

EU must adapt to geopolitical reality shaped by US and China, says Belgium’s Pierre Wunsch

Sharp rise in inflation is hitting growth outlook for region heavily dependent on imported energy

Votes in England, Scotland and Wales, New York hosts the Met Gala and broadcaster David Attenborough turns 100

The upcoming summit in Beijing could lock in an American posture of strategic deference