EU politicians bristle at US trade deal

Bank of England governor Andrew Bailey and UK chancellor Rachel Reeves are at odds, and EU politicians are grumbling over the bloc’s trade deal with the US. Plus, the US economy is defying expectations and Bain & Co is to shut down its consulting business in South Africa after a corruption scandal.

Mentioned in this podcast:

Rachel Reeves and Andrew Bailey clash over Revolut meeting

What have the US and EU agreed on trade?

Merz says trade deal will cause ‘considerable damage’ to German economy

How the EU succumbed to Trump’s tariff steamroller

Bain & Co shuts South Africa consulting business after corruption scandal

How long can the US economy defy expectations?

Today’s FT News Briefing was produced by Fiona Symon Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, 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

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