Europe’s game plan for handling Trump at G7
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 12 June 2025
⏱️ 12 minutes
🧾️ Download transcript
Summary
The Pentagon has launched a review of the 2021 Aukus submarine deal with the UK and Australia, Donald Trump has said the US and China’s deal to restore their trade war truce is “done”, and US inflation rose less than expected to 2.4 per cent in May. Plus, European governments are braced for high-stakes negotiations with Trump that will put the continent’s defence, economy and security on the line.
Mentioned in this podcast:
Pentagon launches review of Aukus nuclear submarine deal
Donald Trump says US-China deal ‘done’ as two sides restore trade war truce
US inflation rose less than expected to 2.4% in May
Europe confronts Trump’s triple threat on Ukraine, Nato and trade
Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our intern is Michaela Seah. Topher Forhecz is the FT’s acting co-head of audio. 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. Currently, we supply 27% of the UK's gas, |
| 0:07.0 | 15% of its oil, and we're playing our part in the UK's energy transition. In 2023, we invested |
| 0:14.1 | 20% of our global gross spend in renewables and lower carbon solutions. Today, our wind farms power |
| 0:20.0 | 750,000 homes, |
| 0:22.0 | and we expect this to grow to over 7 million UK households. |
| 0:25.7 | We're an energy company searching for better. |
| 0:28.2 | Equinore.co.uk. |
| 0:32.3 | Good morning from the Financial Times. |
| 0:34.2 | Today is Thursday, June 12th. |
| 0:36.2 | This is your FT News briefing. |
| 0:39.5 | The Trump administration is re-evaluating a key submarine deal. And the U.S. and China seem to be getting their trade |
| 0:45.0 | relationship back on track. Plus, officials in Europe are going to see a lot of Donald Trump soon |
| 0:51.3 | at the G7, at NATO, and at upcoming trade talks. |
| 0:55.4 | What the Europeans are looking for is essentially calm, easy smiles through all three meetings. |
| 1:02.1 | I'm Mark Filipino, and here's the news you need to start your day. |
| 1:17.2 | The Trump administration is reviewing a 2021 submarine deal with the UK and Australia. |
| 1:23.3 | The Ocus pact between the three countries was signed in response to China's growing military capabilities. |
| 1:27.2 | The goal is to give Australia access to nuclear-powered submarines. |
| 1:33.6 | U.S. lawmakers and experts support the deal, but critics say Ocas could undermine America's security. |
| 1:37.5 | The U.S. Navy is already struggling to produce its own submarines. |
| 1:43.0 | Sources say the review will determine whether to scrap the project, ending the submarine and advanced technology development agreement |
| 1:45.0 | could have devastating effects for U.S. relations with the U.K. and Australia. |
... |
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