Bloomberg News Now June 11, 2025: Trump Threatens Unilateral Tariffs, ICE Protests Continue, More
Jun 12, 2025
The podcast dives into President Trump's announcement of unilateral tariffs and a pivotal rare earth minerals agreement with China. It highlights ongoing immigration protests in Los Angeles and the challenges faced at the G7 summit. Additionally, there's an analysis of Oracle's recent financial performance in the tech sector. The discussion shifts to how technology disruptions can impact business operations, featuring a case study of a UK retailer and emphasizing the need for proactive troubleshooting and digital workplace management.
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Trump's Tariff Letters and China Deal
- President Trump stated he will send letters to countries with unilateral tariff rates in the next 1.5 to 2 weeks.
- A framework with Beijing is completed, with China supplying rare earth minerals and magnets up front.
China's Leverage on Rare Earths
- Independent U.S. supply chains for critical minerals and rare earths will take years to build.
- China maintains leverage by controlling near-term supply during negotiations ending by August or within months.
Continued Anti-ICE Protests and Response
- Anti-ICE immigration protests in L.A. continue for five nights amid curfews and National Guard presence.
- Protests spread to other cities, causing clashes with police; officials urge peaceful demonstrations.