Trump’s tariffs kick into higher gear
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 1 August 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
Apple revenues jump on strong iPhone sales and rebound in China and Donald Trump has reimposed tariffs on dozens of trading partners. Plus, Samsung seals a multibillion-dollar chipmaking deal with Tesla, and Ukraine reverses a policy that would take away autonomy from anti-corruption agencies.
Mentioned in this podcast:
Apple revenues jump on strong iPhone sales and rebound in China
Trump reimposes tariffs on dozens of countries
Ukraine restores independence of anti-corruption agencies
Samsung’s $16.5bn Tesla deal will test chipmaker’s hopes for revival
Globetrotter: Los Angeles with the FT
Today’s FT News Briefing was produced by Josh Gabert-Doyon, Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. 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 | 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. |
| 0:31.4 | Good morning from the Financial Times. Today is Friday, August 1st, and this is your FT News Briefing. |
| 0:39.1 | Apple had a stellar quarter, and today is a turning point in the global trade war. |
| 0:46.4 | Plus, Samsung could reverse its fortunes through a chipmaking deal with Tesla. |
| 0:52.1 | I'm Sonia Hudson, and here's the news you need to start your day. |
| 1:03.8 | Apple posted much better than expected revenues on Thursday for the quarter. That was thanks to |
| 1:09.7 | a surge in iPhone sales and a rebound in |
| 1:13.1 | China. Revenue increased about 10% year-on-year to $94 billion. That was well above estimates. |
| 1:22.6 | The company told the F.T, there was some evidence that sales were boosted by customers placing orders to get ahead |
| 1:29.4 | of U.S. tariffs. In China, Apple had suffered from competition from local companies like Huawei, |
| 1:36.2 | but revenue increased there by 4% in the quarter from a year ago. |
| 1:41.9 | Analysts say that was thanks to the iPhone. |
| 1:44.6 | A government subsidy program for smartphones gave it a boost. |
| 1:53.8 | Higher U.S. tariffs are back. |
| 1:57.0 | After months of change deadlines and intense negotiations, President Donald Trump's signature trade policy is hitting full force. |
... |
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.