Trump and Xi break the ice
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 6 June 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
US President Donald Trump and China’s leader Xi Jinping agreed to launch a new round of high-level trade talks, the European Central Bank cut interest rates by a quarter point and Europe is being flooded with steel diverted from the US because of high tariffs. Plus, the FT’s Aanu Adeoye explains how a Russia-backed junta leader in Burkina Faso became an icon across Africa.
Mentioned in this podcast:
Donald Trump and Xi Jinping agree to launch new round of trade talks
Christine Lagarde signals ECB rate-cutting ‘nearly concluded’
‘The cult of Saint Traoré’: how a Russia-backed junta leader became an icon
EU hit by surge in steel imports as US tariffs divert shipments
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Henry Larson, Fiona Symon, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello and David da Silva. Our intern is Michaela Seah. 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, 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. |
| 0:29.2 | UK. |
| 0:32.5 | Good morning from the Financial Times. Today is Friday, June 6th, and this is your FT News Briefing. |
| 0:38.6 | Donald Trump and Xi Jinping reopened the door to trade talks, and the European Central Bank is winding down rate cuts. |
| 0:46.7 | Plus, the FT's Anu Adioje takes us to Burkina Faso, where our coup leader has become an anti-West icon. |
| 0:53.9 | What we're saying now is there's increased competition for the West in countries where |
| 0:58.5 | the West used to be the only game in town. |
| 1:01.2 | I'm Mark Filipino, and here's the news you need to start your day. |
| 1:15.4 | U.S. President Donald Trump had a breakthrough with China yesterday. |
| 1:21.2 | He spoke with President Xi Jinping over the phone after weeks of frustration around tariffs and trade. |
| 1:25.4 | Here to tell us about the call is the FTs Washington Bureau Chief James Pallidi. |
| 1:26.0 | Hey, James. |
| 1:26.9 | Hey, Mark. All right, so give us some background here. |
| 1:28.8 | Why did this call happen now? Well, President Trump had been angling for a call with President |
| 1:34.8 | she for a while to discuss ways to ease the trade tensions between the countries. Last month in Geneva, |
| 1:43.8 | Scott Besson, the Treasury Secretary, reached an agreement to lower |
| 1:47.9 | the tariffs, which had been rapidly escalating in April, and bring them down to a more acceptable |
| 1:54.6 | level, which helped the markets. |
... |
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