Luxury goods were supposed to be making a comeback this year. But US President Donald Trump’s trade war has complicated that and things are looking grim for the industry. The FT’s fashion editor Lauren Indvik explains where things stand with LVMH, Prada and others.

Mentioned in this podcast:

Donald Trump’s trade war shatters hopes of 2025 luxury revival

The FT News Briefing is produced by Katya Kumcova, Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Andrew Georgiadis, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes is taking this weekend off so instead we wanted to share the latest episode from our fellow FT podcast, The Rachman Review.

Nuclear talks between the US and Iran began last weekend in Oman, and are set to continue in the coming weeks. President Trump has warned that if the talks fail the US could take military action against the Islamic republic – an idea that Israel's government is pressing for. In this episode, we unpack what a new nuclear deal with Iran might look like – and how it could change the geopolitical picture in the Middle East.

Subscribe to The Rachman Review wherever you get your podcasts - please listen, rate and subscribe. Presented by Gideon Rachman. Produced by Mischa Frankl-Duval. Sound design is by Breen Turner.

https://www.ft.com/content/819a2246-96eb-4730-85f4-ebe39ac91a61

https://www.ft.com/content/771f3b6f-75f9-4978-8bdb-f7834b9e7d04

https://www.ft.com/content/68e7eeb4-4785-4ba4-b730-0a20f2fd55e0

Hosted on Acast. See acast.com/privacy for more information.

China’s imports of US liquefied natural gas have completely stopped for more than 10 weeks, and Japan’s chief trade negotiator leaves Washington without an immediate agreement after meeting Donald Trump. The European Central Bank has cut its benchmark interest rate by a quarter-point to 2.25 per cent. Plus, astronomers have found signs of biological activity on a planet 124 light years from Earth.

Mentioned in this podcast:

Astronomers claim strongest evidence yet of extraterrestrial life

Donald Trump weighs in on Japan trade talks but Tokyo team leaves without deal

Donald Trump says Fed chair Jay Powell’s ‘termination cannot come fast enough’

ECB cuts rates to 2.25% amid Trump trade war

China stops buying liquefied gas from the US

Audio credit: C-SPAN

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.