Bloomberg Daybreak: Europe Edition US: Strikes Didn’t Destroy Iran’s Nuclear Program, EU Tariff Threat, UK's China Imports Jump
Jun 25, 2025
In this discussion, Roslyn Matheson, EMEA News Director at Bloomberg, and James Warcock, a Bloomberg Radio reporter, dive into critical global issues. They reveal how recent U.S. airstrikes had surprisingly little effect on Iran’s nuclear ambitions. The duo also examines the EU’s potential tariffs on U.S. goods, including major implications for industry. Plus, they highlight a surprising surge in imports from China to the UK, signaling resilient trade relationships despite economic tensions.
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Limited Impact of US Airstrikes
- US airstrikes had only limited impact on Iran's nuclear program according to early intelligence.
- Bombing likely didn't cripple core parts such as centrifuges, setting Tehran back months to a year.
EU Prepares Tariffs Retaliation
- EU plans retaliatory tariffs worth €95 billion on US imports if US tariffs remain.
- EU anticipates some US tariffs will persist despite trade talks, preparing to respond accordingly.
China Boosts UK Shipments
- UK imports from China increased 11% over the previous year, highest in two years.
- Rising cheap Chinese shipments may be driven by US tariffs pushing exports elsewhere.