Inside the Trump tariff debate
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 29 January 2025
⏱️ 11 minutes
🧾️ Download transcript
Summary
Advances in artificial intelligence by Chinese start-up DeepSeek caused a frantic sell-off of energy and infrastructure shares, and Donald Trump’s Treasury secretary is pushing for new universal tariffs to start at 2.5 per cent. A study finds that ETFs make the market more efficient, and Boeing reports its second-biggest annual loss.
Mentioned in this podcast:
DeepSeek-driven sell-off puts power demands of AI in doubt, says IEA
Scott Bessent pushes gradual 2.5% universal tariffs plan
ETFs increase efficiency of the market, new study shows
Boeing reports second-biggest annual loss after tough 2024
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, 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
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 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.co.uk. |
| 0:33.5 | Good morning from the Financial Times. |
| 0:36.2 | Today is Wednesday, January 29th, and this is your |
| 0:39.4 | FT News briefing. The energy sector has been on a roller coaster since the Deep Seek |
| 0:45.4 | sell off. And everyone in the Trump administration has an opinion about tariffs. Plus, a new |
| 0:52.7 | study claims that exchange traded funds make markets more efficient. |
| 0:58.0 | I'm Kasha Bursalian, and here's the news you need to start your day. |
| 1:09.3 | Markets are still feeling the aftershocks of Deep Seeks breakthrough in artificial intelligence. |
| 1:15.5 | It wasn't only tech stocks that took a beating on Monday. |
| 1:18.8 | Energy companies were badly hit, too. |
| 1:21.5 | It was a lesson in just how little is known about the eventual power demands of AI. |
| 1:30.0 | People have been rushing to buy into energy infrastructure, thinking that the technology will need a ton of juice to run. But that might not be a |
| 1:36.2 | sure bet after Deep Seeks reveal. The Chinese startup debuted a new model made with fewer chips, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.