International - Financial Times - Credit Squeeze

A long-term plan such as a social tariff could stop vulnerable households from running up debt

Most of the culpability rests with the Fed and the Biden government but voters will hold the president accountable

We must reinvent the governance of multilateral institutions

US president raises doubts about $14bn weapons package for Taipei after two days of meetings in China

US president says Beijing will expand agriculture and oil purchases

A wave of new research suggests Donald Trump is taking significant risks with his assaults on the US Federal Reserve

Also in today’s newsletter: Warsh’s Fed in-tray and hedge funds pile into biofuel commodities

Summary of opinions points to June move even if ‘the situation in the Middle East remains unclear’

Member states agree on Critical Medicines Act that aims to incentivise domestic production

Calbee to drain colour from packaging in response to rising prices of petroleum-based inks

Plus, the ‘buy Europe’ trade

US Senate widely expected to confirm the 56-year-old financier to replace Jay Powell this week

Power flows less from size or wealth than from the ability to convert imbalance into leverage

Traders expect corn and soyabeans to soar as demand for alternative fuel sources rises

‘Tariff man’ wants to recover from a wounding Supreme Court ruling. But Congress is restive and voters are unhappy

Republican Senator Josh Hawley introduces legislation after Donald Trump backs move

Transcript from an interview with the vice-president of the European Central Bank

Europe’s large public sectors are a powerful tool to build a market for native tech

China holds the cards — and might settle for flashy but empty announcements while playing a long game

Proposals for FDI from China into the US have been delayed and scaled down thanks to White House actions