Global copper market weighs Trump tariff threat
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 10 July 2025
⏱️ 9 minutes
🧾️ Download transcript
Summary
The UK and France have pledged for the first time to co-ordinate the use of their nuclear weapons, and the copper markets are reeling from US President Donald Trump’s threat to impose 50 per cent tariffs on the metal. Plus, Nvidia has hit a record market capitalisation at $4tn.
Mentioned in this podcast:
UK and France vow to co-ordinate nuclear deterrence for first time
Global copper market weighs impact of Donald Trump tariff threat
Nvidia becomes first company to reach $4tn in market value
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Note: An earlier version of this episode contained a segment with several factual errors about the composition of Canada's energy sector. That segment has since been removed from the show.
Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumcova, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.
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Transcript
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| 0:00.0 | For over 40 years, Equinoor has been an energy partner to the UK. |
| 0:04.1 | During that time, we've played our part in the switch from coal to gas, |
| 0:07.1 | and we're working hard to help the UK's energy transition. |
| 0:10.1 | We may not have all the answers yet, but we're determined to find them. |
| 0:13.5 | Equinor, an energy company, searching for better. |
| 0:16.9 | 99.6% of Equinor's energy output is oil and gas. |
| 0:20.5 | Our investment in renewables and low carbon solutions |
| 0:22.9 | has increased from 4% in 2020 to 27% in 2024. Find out more at equinor.com.uk. Before we start |
| 0:31.5 | today's show, I want to bring attention to a change we've made. In an earlier version of today's |
| 0:35.9 | episode, we ran a segment about Canada's energy sector |
| 0:38.9 | with several factual errors. A listener brought these errors to our attention, and we really appreciate it. |
| 0:45.2 | We decided that they were serious enough to remove the entire segment from the show, and that's |
| 0:50.0 | why today's episode is much shorter than normal. |
| 1:01.8 | Good morning from the Financial Times. Today is Thursday, July 10th, and this is your FT News briefing. There's a new nuclear weapons packed in Europe, and Nvidia just set a new |
| 1:08.6 | record. Plus, the price of copper is going through some intense fluctuations. |
| 1:14.2 | I'm Mark Filipino, and here's the news you need to start your day. |
| 1:24.9 | The UK and France made a nuclear agreement yesterday. |
| 1:28.5 | The two countries said that, for the first time ever, they will coordinate how they use their nuclear weapons, should that be necessary. |
| 1:36.4 | The announcement came out of a three-day trip to the UK by French President Emmanuel Macron. |
| 1:41.9 | He and UK Prime Minister Kirst Starmar said the two countries would |
| 1:45.6 | jointly respond to protect Europe from any, quote, extreme threat. |
| 1:50.4 | This is a big deal because Paris normally does its own thing when it comes to making decisions |
... |
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