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FT News Briefing

What Trump’s golden share means for the Nippon deal

FT News Briefing

Forhecz Topher

News, Unknown, News & Politics, Daily News

4.41.2K Ratings

🗓️ 17 June 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

Tensions rise as the EU refuses trade talks with China before next month’s leaders summit, and Airbus announced $10bn of orders at the Paris Air Show. Plus US President Donald Trump’s golden share means heavy influence in the Nippon Steel deal, and energy markets react to the conflict between Iran and Israel. 


Mentioned in this podcast:

US Steel deal embodies golden age of Trump meddling

Fuel and fury: energy becomes a Middle East battlefield 

EU spurns economic dialogue with China over deepening trade rift


Today’s FT News Briefing was produced by Mischa Frankl-Duval, Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Blake Maples 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

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,

0:22.0

and we expect this to grow to over 7 million UK households.

0:25.7

We're an energy company searching for better.

0:28.2

Equinore.co.uk.

0:32.2

Good morning from the Financial Times.

0:34.2

Today is Tuesday, June 17th, And this is your FT News briefing.

0:39.1

The EU-China relationship is souring, and the attacks between Israel and Iran could have a ripple

0:45.5

effect on the energy market. Plus, we're going to take a look at what the Nippon Steel Deal

0:50.6

means for the Trump administration. I'm Mark Filipino, and here's the news you need to

0:55.5

start your day.

1:02.3

The European Union is boycotting economic talks with China, as according to sources who spoke

1:07.6

to the FT. These talks would have laid the groundwork for this year's

1:11.7

EU-China Leader Summit in July. Now, the two sides still have a number of ongoing trade disputes,

1:18.1

and the EU said it would only want to meet up if it had a guarantee that certain agreements would

1:22.5

be implemented at the Leader Summit. China's been trying to strengthen its bond with Europe as a way to counteract

1:28.2

U.S. President Donald Trump's tariff war. But the EU and China have been engaged in tip-for-tat

1:33.8

trade disputes since last year when Brussels imposed tariffs on Chinese electric vehicles.

1:48.2

The conflict between Israel and Iran has a new front line.

1:49.0

Energy.

...

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