India hosts G20 summit, Biden strengthens ties with India, UK pushes to postpone tariffs on EV sales, Huawei's resurgence despite US sanctions, US interest in Chinese companies, impact on Apple
Read more
AI Summary
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
US President Joe Biden aims to strengthen ties with India and offer a Western economic model as an alternative to China's influence in lending programs to low- and middle-income countries.
Germany's support for a three-year delay in implementing tariffs on electric vehicle sales between the UK and EU is in favor of the UK and could help European carmakers compete with Chinese electric vehicle manufacturers.
Deep dives
Opportunity for US President Joe Biden in the G20 Summit
US President Joe Biden sees an opportunity in the absence of Chinese President Xi Jinping and Russian President Vladimir Putin at the G20 Summit in India. Biden aims to improve relationships with low- and middle-income countries and strengthen ties with India. His goal is to offer a new economic vision for the world and present a Western economic model as an alternative to China's influence in lending programs to low- and middle-income countries.
Germany's push to postpone tariffs on electric vehicle sales
Germany is advocating for a three-year delay in starting tariffs on electric vehicle sales between the UK and the European Union, a move that is in favor of the UK. The EU, however, insists on implementing these tariffs in January. German support is significant as it holds substantial sway as the largest member of the EU. European carmakers warn that early implementation of tariffs could lead to significant financial losses, particularly as they try to compete with Chinese electric vehicle manufacturers.
India hosts the G20 summit this weekend, Germany is pushing the European Commission to postpone tariffs on electric vehicle sales between the UK and the EU, Apple shares are taking a beating, and Huawei has seen a resurgence despite sanctions from the United States.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.