The shifting geopolitics of Trump’s tariffs

US President Donald Trump updated Americans on the war in Iran, and Chinese government bonds have sidestepped a global debt sell-off since the start of Washington’s conflict with Tehran. Plus, in part four of our tariff anniversary series, the FT’s Gideon Rachman explains how Trump’s tariffs reshaped the geopolitical landscape. Mentioned in this podcast:Donald Trump offers mixed messages on war in IranChinese government bonds emerge as lone war havenListen to the FT News Briefing’s tariffs series hereNote: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Fiona Symon, Victoria Craig, and Saffeya Ahmed. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann andD avid da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

What this episode covers

US President Donald Trump updated Americans on the war in Iran, and Chinese government bonds have sidestepped a global debt sell-off since the start of Washington’s conflict with Tehran. Plus, in part four of our tariff anniversary series, the FT’s Gideon Rachman explains how Trump’s tariffs reshaped the geopolitical landscape. Mentioned in this podcast:Donald Trump offers mixed messages on war in IranChinese government bonds emerge as lone war havenListen to the FT News Briefing’s tariffs series hereNote: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Fiona Symon, Victoria Craig, and Saffeya Ahmed. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann andD avid da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music 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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This episode was published on April 2, 2026.

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