The economic impact of Trump’s budget bill

What this episode covers

Republicans in the US House of Representatives narrowly passed President Donald Trump’s major budget bill on Thursday, and BYD has sold more electric vehicles in Europe than Tesla for the first time. Plus, Nvidia builds a buffer to the global trade war, and the US is starting to take the penny out of circulation.Mentioned in this podcast:US House passes Trump’s showpiece tax billBYD sells more electric vehicles in Europe than Tesla for first timeNvidia seeks to build its business beyond Big TechNvidia chief announces major Taiwan chip investmentsUS to become penniless with phasing out of one-cent coinToday’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello, David da Silva and Gavin Kallmann. 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 Hosted on Acast. See acast.com/privacy for more information.

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Frequently Asked Questions

How long is this episode of FT News Briefing?

This episode is 12 minutes long.

When was this FT News Briefing episode published?

This episode was published on May 23, 2025.

What is this episode about?

Republicans in the US House of Representatives narrowly passed President Donald Trump’s major budget bill on Thursday, and BYD has sold more electric vehicles in Europe than Tesla for the first time. Plus, Nvidia builds a buffer to the global trade...

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