The Trump bump on Canadian politics
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 6 March 2025
⏱️ 12 minutes
🧾️ Download transcript
Summary
US President Donald Trump has handed carmakers a one-month reprieve on tariffs on imports from Mexico and Canada, and we look at how a few billionaire elites struck a multibillion-dollar port deal within weeks. German borrowing costs surged by the most in 28 years on Wednesday, and the Liberal party in Canada will hold a leadership vote this weekend to replace Prime Minister Justin Trudeau.
Mentioned in this podcast:
Donald Trump hands carmakers one-month reprieve from tariffs
German borrowing costs soar by most since 1997 on ‘historic’ debt deal
Donald Trump revives Canada’s Liberals in electoral turnaround
The billionaire elite who answered Donald Trump’s call on Panama Canal
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from 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
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. |
| 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. We're an energy company searching for better. |
| 0:28.4 | Equinor.com.uk. |
| 0:33.6 | Good morning from the Financial Times. Today is Thursday, March 6th. And this is your FT News briefing. |
| 0:40.3 | The tariff dance takes yet another step, and Black Rock is getting into the ports business. |
| 0:46.7 | Plus, Donald Trump has given new life to Canada's ruling party. Donald Trump started to kind of ramp up his attacks and hostilities on Canada, |
| 0:56.4 | and that kind of galvanized the nation. I'm Mark Filipino, and here's the news you need to start |
| 1:02.0 | your day. |
| 1:23.0 | Thank you. The U.S. yesterday said some local carmakers will get one month to find their footing before import tariffs from Canada and Mexico kick in. |
| 1:31.2 | On Tuesday, these 25% tariffs started and received a nasty response from investors. The S&P 500 hit a four-month low, and stocks in American car companies like Ford and GM had pretty big drops. |
| 1:37.7 | Carmakers breathed a sigh of relief after yesterday's reprieve. GM's share price finished the |
| 1:42.8 | day up more than 7%. Ford jumped more than 5.5%. |
| 1:46.6 | But the tariff war is far from over. Canada has already announced tariffs in response. |
| 1:52.8 | Mexico will announce its own plans on Sunday, and Trump says reciprocal tariffs will go into effect on April 2nd. |
| 2:10.2 | U.S. President Donald Trump has his sights set on the Panama Canal. |
| 2:15.6 | In January, he promised to take back the critical waterway that connects the Atlantic and Pacific oceans. |
... |
Transcript will be available on the free plan in -21 days. Upgrade to see the full transcript now.
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.