Trump steers the world toward a tax war
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 24 January 2025
⏱️ 14 minutes
🧾️ Download transcript
Summary
A federal judge has blocked US President Donald Trump’s attempt to end birthright citizenship, and shares in the leading makers of anti-obesity drugs have dipped. Trump has ordered officials to draw up retaliatory measures against “extraterritorial” taxes, and Emilia Pérez has emerged as frontrunner after the 2025 Academy Award nominations.
Mentioned in this podcast:
Judge halts Donald Trump’s effort to end US citizenship at birth
Donald Trump threatens to double tax rates for foreign nationals and companies
Investors lose their appetite for the obesity trade
Oscar nominations 2025: cartel musical Emilia Pérez on song with 13
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, 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
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Transcript
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| 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. |
| 0:33.3 | Good morning from the Financial Times. |
| 0:36.1 | Today is Friday, January 24th, and this is your FT News briefing. |
| 0:41.8 | Donald Trump's attempt to end birthright citizenship has been blocked, and the U.S. President is |
| 0:48.9 | considering doubling the tax rate for foreign companies. |
| 0:53.6 | Plus, OZempic has been like injectable gold recently, |
| 0:58.7 | but is its reputation starting to tarnish? |
| 1:02.3 | I'm Sonia Hudson, and here's the news you need to start your day. A U.S. federal judge has temporarily halted Donald Trump's executive order to end citizenship at birth. |
| 1:23.1 | Earlier this week, the president issued an executive order denying U.S. citizenship to children |
| 1:29.1 | born in the country to unauthorized immigrants. The judge called the policy blatantly unconstitutional. |
| 1:37.4 | That's because the 14th Amendment says all, quote, persons born or naturalized in the U.S. are citizens. |
| 1:45.1 | This decision is the first legal setback for Trump's administration, and it comes just three |
| 1:51.6 | days after he returned to the White House. |
... |
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