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FT News Briefing

Japan and the US talk tariffs

FT News Briefing

Forhecz Topher

News, News & Politics, Daily News

4.41.2K Ratings

🗓️ 18 April 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

China’s imports of US liquefied natural gas have completely stopped for more than 10 weeks, and Japan’s chief trade negotiator leaves Washington without an immediate agreement after meeting Donald Trump. The European Central Bank has cut its benchmark interest rate by a quarter-point to 2.25 per cent. Plus, astronomers have found signs of biological activity on a planet 124 light years from Earth.


Mentioned in this podcast:

Astronomers claim strongest evidence yet of extraterrestrial life  

Donald Trump weighs in on Japan trade talks but Tokyo team leaves without deal 

Donald Trump says Fed chair Jay Powell’s ‘termination cannot come fast enough’

ECB cuts rates to 2.25% amid Trump trade war 

China stops buying liquefied gas from the US 

Audio credit: C-SPAN 


Read a transcript of this episode on FT.com


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Transcript

Click on a timestamp to play from that location

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, and we expect this to grow to

0:23.3

over 7 million UK households. We're an energy company searching for better. Equinor.com.

0:29.0

UK.

0:34.6

Good morning from the Financial Times. Today is Friday, April 18th.

0:38.6

And this is your FT News briefing.

0:41.3

The U.S.'s trade war is cooling energy cooperation.

0:45.1

And Japan's trade minister got a firsthand look at Donald Trump's negotiating tactics.

0:50.4

While he was in the air flying from Tokyo to Washington, Trump went on to social and said that he would be joining the meeting.

0:59.1

Plus, the search for alien life got a major boost this week.

1:04.4

I'm Mark Filipino, and here's the news you need to start your day.

1:19.8

China has stopped buying liquefied natural gas from the U.S.

1:24.3

For more than 10 weeks now, there haven't been any shipments between the two countries,

1:28.7

and it's a signal that Trump's trade war has spilled over into the energy sector.

1:36.6

China has imposed a 49% tariff on U.S. gas, which makes the stuff just too expensive for most Chinese buyers.

1:44.9

The freeze in imports raises a lot of questions about a multi-billion dollar expansion of gas facilities in the U.S. and Mexico,

1:48.8

Chinese companies now want to renegotiate their contracts.

1:59.0

Japan's top trade negotiator was in Washington this week.

2:02.3

Tokyo is the first major capital to kickstart tariff negotiations with the Trump administration, which makes Japan a bit of a guinea pig,

2:08.2

as my colleague Leo Lewis has said. He's here with me now. Leo, get me up to speed here on the

...

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