What Trump’s golden share means for the Nippon deal

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• 00:00

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• 00:33

  That's WorkHuman.com.

• 00:39

  Good morning from the Financial Times.

• 00:40

  Today is Tuesday, June 17th, and this is your FT News Briefing.

• 00:45

  The EU-China relationship is souring,

• 00:48

  and the attacks between Israel and Iran could have a ripple effect on the energy market.

• 00:54

  Plus, we're going to take a look at what the Nippon Steel Deal means for the Trump administration.

• 01:00

  I'm Mark Filippino, and here's the news you need to start your day.

• 01:09

  The European Union is boycotting economic talks with China,

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  as according to sources who spoke to the FT.

• 01:15

  These talks would have laid the groundwork for this year's EU-China leader summit in July.

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  Now, the two sides still have a number of ongoing trade disputes,

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  and the EU said it would only want to meet up

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  if it had a guarantee that certain agreements would be implemented at the leader summit.

• 01:31

  China's been trying to strengthen its bond with Europe as a way to counteract U.S.

• 01:35

  President Donald Trump's tariff war.

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  But the EU and China have been engaged in tit-for-tat trade disputes since last year,

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