Trump and EU Reach Trade Agreement

WSJ Minute Briefing

The Wall Street Journal

Business News, News

3.6 • 631 Ratings

🗓️ 28 July 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

Plus: Samsung and Tesla ink a multi-billion dollar chip supply deal. And, Hong Kong-based CK Hutchison says it is looking to include a Chinese investor in its Panama Canal ports sale. Kate Bullivant hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Business is evolving fast, and hearing how others are adapting can make all the difference.
0:04.9	Hear perspectives from global executives as they share what's working, what's changing, and what they think lies ahead,
0:10.6	and on the Executive Insights podcast, available on all major podcast platforms.
0:19.4	Here's your morning brief for Monday, July 28th. I'm Kate Bullivant for the Wall Street Journal.
0:25.6	The world's two biggest trade partners, the US and the European Union, reached a trade deal yesterday, setting a 15% baseline tariff for European goods.
0:36.5	It's the largest deal President Trump has announced
0:39.2	so far as he tries to remake the global trading system. In return, the EU has agreed to buy
0:46.0	US energy products and invest $600 billion in the US. Financial markets are welcoming the
0:53.3	progress on trade deals. US stock futures are up ahead of the US. Financial markets are welcoming the progress on trade deals. U.S. stock futures are up
0:56.9	ahead of the open. European stocks are higher in midday trading, with auto stocks particularly
1:02.8	rallying on the news that the sector will now get a lower tariff than the 25% rate in place
1:09.0	since April. South Korean tech giant Samsung Electronics will supply chips for Tesla in a 16.5 billion
1:17.9	multi-year deal, marking a major win for its foundry business.
1:22.6	In a post on X, Tesla boss Elon Musk said Samsung's new Texas facilities will be dedicated to making the
1:30.0	US EV-makers' next-generation AI-6 chip. The deal comes at a particularly sensitive time for the
1:36.9	US and South Korea, who are yet to hash out a trade agreement. And Hong Kong-based
1:42.8	C.K. Hutchinson says it's in talks with a Black Rock-led
1:46.8	consortium to include a strategic investor from China as part of its plans to sell ports on
1:53.2	either end of the Panama Canal. C.K. Hutchinson didn't identify the Chinese company.
1:59.6	Earlier this month, the Wall Street Journal reported that China was pushing for state-owned
2:04.7	Costco to be an equal partner and shareholder of the ports.
2:08.9	This, as earlier moves to put the ports into US ownership, reportedly angered Chinese leader
	...

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