Bloomberg News Now June 10, 2025: Trump Tariffs to Stay, US-China Agree to Framework, More
Jun 11, 2025
U.S.-China trade relations are in the spotlight as a federal court rules on tariffs and a new framework is discussed. Political dynamics are shifting with the UK's stance on Israel and significant tax legislation facing hurdles in the U.S. Congress. The discussion delves into the implications of Trump’s tariffs, analyzing their impact on trade and industry. Listeners will find insights into the ongoing challenges in bipartisan negotiations, particularly regarding tax exemptions.
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U.S.-China Trade Update
- The U.S. retains Trump-era tariffs for now amid ongoing legal challenges.
- The U.S. and China agreed in principle to a trade war de-escalation framework pending leaders' approval.
L.A. Curfew Amid Unrest
- Los Angeles imposed a downtown curfew after protests escalated to widespread looting and vandalism.
- State and federal officials have clashed over managing recent unrest.
Mexico Steel Tariff Deal
- U.S. and Mexico near a deal partly lifting Trump's 50% steel tariffs with volume caps.
- The agreement would be similar to past tariffs balancing trade and protectionism.