EU politicians bristle at US trade deal

欧盟政客对美国贸易协议表示强烈不满

FT News Briefing

2025-07-29

12 分钟
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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 Hosted on Acast. See acast.com/privacy for more information.
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  • Good morning from the Financial Times.

  • Today is Tuesday, July 29th, and this is your FT News briefing.

  • There's a tiff between the UK's economic heavy hitters and European politicians are feeling pretty sore over the bloc's US trade deal.

  • Actually, what we've ended up with is this kind of chaotic,

  • unclear, high-level political agreement which hasn't actually got everything agreed.

  • Plus, the U.S. economy is defying expectations,

  • but some economists are worried the pain just hasn't kicked in yet.

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

  • Bank of England Governor Andrew Bailey and UK Chancellor Rachel Reeves are at odds.

  • Bailey stopped a meeting that Reeves set up between financial watchdogs and the fintech company Revolut.

  • That's according to people familiar with the matter.

  • The meeting was supposed to be about the startup's goal to become a fully fledged bank.