FT News Briefing Trump and Xi break the ice
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Jun 6, 2025 Donald Trump and Xi Jinping have agreed to initiate a fresh round of high-level trade talks, signaling a potential thaw in their frosty relations. Meanwhile, Europe faces a surge of steel imports due to redirected shipments from the US amid high tariffs. The podcast also explores the rise of a military leader in Burkina Faso, Traore, who has emerged as an anti-Western symbol, reflecting the complexities of democracy and security in Africa. This dynamic showcases shifting alliances and the broader implications of global trade policies.
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Trump-Xi Restart Trade Talks
- Trump and Xi Jinping agreed to continue high-level economic talks which marks a new phase in their trade relationship.
- However, significant strategic and political differences remain unresolved, risking future tensions.
ECB Nears End of Rate Cuts
- The European Central Bank has cut interest rates eight times since last June, bringing rates to 2%.
- President Lagarde signals this rate-cutting cycle is nearing its end, surprising markets who expected more cuts.
Burkina Faso Shifts Away From West
- Burkina Faso's military leader Traore capitalizes on anti-Western sentiment and discontent with democracy.
- The country is shifting alliances from France toward Russia amid regional security struggles and political clampdowns.