Morning Wire US-China Trade Deal & Rioters Charged | 6.12.25
35 snips
Jun 12, 2025 A new trade framework between the U.S. and China sparks discussions on tariffs and the significance of rare earth minerals. Protests against the Trump administration escalate nationwide, especially in California, raising questions about political narratives and the backgrounds of those arrested. The podcast also touches on innovative health solutions for weight management amidst the tumultuous political climate. Tune in for insights and updates on these pressing issues.
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US-China Tariff Trade Framework
- The US-China deal imposes 55% tariffs on Chinese goods but only 10% on US exports to China.
- China agreed to resume shipping rare earth minerals crucial to US tech and defense industries.
Nationwide Anti-ICE Riots Spread
- Anti-ICE protests have spread nationwide, escalating with violence and National Guard mobilizations.
- Some rioters arrested have prior criminal records, complicating law enforcement responses.
Inflation Cools Despite Tariffs
- Inflation cooled in May to 2.4%, a record four-year low.
- Expected inflation increase from tariffs has not materialized yet, providing economic relief.