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June 12, 2025 10 mins

The Pentagon has launched a review of the 2021 Aukus submarine deal with the UK and Australia, Donald Trump has said the US and China’s deal to restore their trade war truce is “done”, and US inflation rose less than expected to 2.4 per cent in May. Plus, European governments are braced for high-stakes negotiations with Trump that will put the continent’s defence, economy and security on the line. 


Mentioned in this podcast:

Pentagon launches review of Aukus nuclear submarine deal

Donald Trump says US-China deal ‘done’ as two sides restore trade war truce

US inflation rose less than expected to 2.4% in May

Europe confronts Trump’s triple threat on Ukraine, Nato and trade


Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our intern is Michaela Seah. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.


Read a transcript of this episode on FT.com


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