Companies look for US tariff workarounds
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 8 April 2025
⏱️ 11 minutes
🧾️ Download transcript
Summary
Equities markets continued to adapt to the tariffs unleashed by US President Donald Trump, oil prices hit a four-year low on Monday, and investors are expecting the European Central Bank to make two rate cuts by July. Plus, the FT’s Stephen Foley explains how consultants are advising their clients on limiting the damage from tariffs.
Mentioned in this podcast:
Oil drops further as fears of global recession rise
Companies get creative in finding ways to limit impact of Trump’s tariffs
ECB expected to cut rates in April and June as tariffs threaten recession
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | We're Equinor, an energy company searching for better. |
| 0:03.0 | Currently, we supply 27% of the UK's gas, 15% of its oil, |
| 0:07.7 | and we're playing our part in the UK's energy transition. |
| 0:11.0 | Our wind farms power 750,000 homes, |
| 0:14.0 | and we expect that to grow to over 7 million. |
| 0:16.5 | Last year, we invested 20% of our global growth spend in renewables |
| 0:20.1 | and lower carbon solutions. |
| 0:22.0 | We plan to increase that to 50% by 2030. |
| 0:25.4 | We're an energy company searching for better. |
| 0:28.4 | Equinore.com.uk. |
| 0:33.9 | Good morning from the Financial Times. |
| 0:35.9 | Today is Tuesday, April 8th. and this is your FT News briefing. |
| 0:40.6 | Markets have suffered another day of whiplash, and oil prices were blinking red. |
| 0:47.6 | Meanwhile, companies are finding creative ways to cushion the blow from U.S. tariffs. |
| 0:53.2 | They're called valuation strategies. |
| 0:55.2 | If you can lower the customs value, |
| 0:57.6 | then the percentage tariff is going to come out to a lower number. |
| 1:01.1 | I'm Mark Filipino, and here's the news you need to start your day. Wall Street took everyone for a ride yesterday on the back of tariffs issued by U.S. President Donald Trump. |
| 1:21.9 | The S&P 500 swung all over the place. At one point, the index was down as much as 4%, and briefly entered |
| 1:29.3 | bare market territory. Then it bounced back after there was a rumor that Trump was considering |
| 1:34.8 | a pause on tariffs, but the White House denied this. And while investors were deciding what to do |
| 1:41.5 | about equities, safe haven assets like gold and government |
... |
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