
What Trump's Auto Tariffs Mean for China, Other Nations
US President Trump has signed an order imposing 25% tariff on auto imports, setting the stage for an even broader push on levies next week. But he's also teased lowering tariffs on China if Beijing signs off on a deal that would keep TikTok from being banned in the US. Bloomberg's Derek Wallbank and Minmin Low report on what the tariffs mean for the world. (Source: Bloomberg)

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hamilton Spectator
37 minutes ago
- Hamilton Spectator
Dozens of LA-area mayors demand the Trump administration stop intensified immigration raids
LOS ANGELES (AP) — Dozens of mayors from across the Los Angeles region banded together Wednesday to demand that the Trump administration stop the stepped-up immigration raids that have spread fear across their cities and sparked protests across the U.S. But there were no signs President Donald Trump would heed their pleas. About 500 of the National Guard troops deployed to the Los Angeles protests have been trained to accompany agents on immigration operations , the commander in charge said Wednesday. And while some troops have already gone on such missions, he said it's too early to say if that will continue even after the protests die down. 'We are expecting a ramp-up,' said Maj. Gen. Scott Sherman, noting that protests across the nation were being discussed. 'I'm focused right here in LA, what's going on right here. But you know, I think we're, we're very concerned.' Hours later, a demonstration in Los Angeles' civic center just before start of the second night of the city's downtown curfew briefly turned chaotic when police in riot gear — many on horseback — charged at a group, striking them with wooden rods and later fired crowd control projectiles, including one that struck a woman who writhed in pain on the ground. After the curfew went into effect, a handful of arrests were made before the area cleared out and the evening quieted down. The LA-area mayors and city council members urged Trump to stop using armed military troops alongside immigration agents. 'I'm asking you, please listen to me, stop terrorizing our residents,' said Brenda Olmos, vice mayor of Paramount, who said she was hit by rubber bullets over the weekend. 'You need to stop these raids.' Speaking alongside the other mayors at a news conference, Los Angeles Mayor Karen Bass said the raids spread fear at the behest of the White House. The city's nightly curfew will remain in effect as long as necessary. It covers a 1-square-mile (2.5-square-kilometer) section of downtown where the protests have been concentrated in the city that encompasses roughly 500 square miles (1,295 square kilometers). 'If there are raids that continue, if there are soldiers marching up and down our streets, I would imagine that the curfew will continue,' Bass said. Those who have been caught up in the nationwide raids include asylum seekers, people who overstayed their visas and migrants awaiting their day in immigration court. The administration has cited the protests in its decision to deploy the military. Governor asks court to step in California's Democratic governor, Gavin Newsom, has asked a federal court to put an emergency stop to the military helping immigration agents in the nation's second-largest city. This week, guardsmen began standing protectively around agents as they carry out arrests. A judge set a hearing for Thursday. The Trump administration called the lawsuit a 'crass political stunt endangering American lives' in its official response on Wednesday. The military is now closer to engaging in law enforcement actions such as deportations, as Trump has promised in his crackdown . The Guard has the authority to temporarily detain people who attack officers, but any arrests must be made by law enforcement. The president posted on the Truth Social platform that the city 'would be burning to the ground' if he had not sent in the military. Some 2,000 National Guard soldiers are in Los Angeles and are soon to be joined by 2,000 more along with about 700 Marines, Sherman said. Speaking in an interview with The Associated Press and ABC, Sherman initially said National Guard troops had already temporarily detained civilians in the Los Angeles protests over immigration raids. He later said he based his comments on photos and footage he had seen that turned out not to be a representation of Guard members in Los Angeles. Curfew continues in downtown LA Police detained more than 20 people, mostly on curfew violations, on the first night of the curfew and used crowd-control projectiles to break up hundreds of protesters. But officers were more aggressive in controlling demonstrators Wednesday evening and as the curfew took effect, police were beginning to make arrests. Los Angeles police have made nearly 400 arrests and detentions since Saturday, the vast majority of which were for failing to leave the area at the request of law enforcement, according to the police department. There have been a handful of more serious charges, including for assault against police officers and for possession of a Molotov cocktail and a gun. Nine police officers have been hurt, mostly with minor injures. Some were transported to a hospital and released. Protests have spread nationwide Demonstrations have also spread to other cities nationwide, including Dallas and Austin in Texas, and Chicago and New York, where thousands rallied and more arrests were made. In New York City, police said they took 86 people into custody during protests in lower Manhattan that lasted into Wednesday morning. Police Commissioner Jessica Tisch said the majority of demonstrators were peaceful. A 66-year-old woman in Chicago was injured when she was struck by a car during downtown protests Tuesday evening, police said. Video showed a car speeding down a street where people were protesting. In Texas, where police in Austin used chemical irritants to disperse several hundred demonstrators Monday, Republican Gov. Greg Abbott's office said Texas National Guard troops were 'on standby' in areas where demonstrations are planned. Guard members were sent to San Antonio, but Police Chief William McManus said he had not been told how many troops were deployed or their role ahead of planned protests Wednesday night and Saturday. Officers with the Texas Department of Public Safety said the Texas National Guard was present at a protest downtown. The protests began Friday after federal immigration raids arrested dozens of workers in Los Angeles. ___ Golden reported from Seattle. Associated Press writers Julie Watson in San Diego, Jesse Bedayn in Denver, and Jim Vertuno in Austin, Texas, contributed to this report. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .


Washington Post
39 minutes ago
- Washington Post
Cheers and boos as Trump takes seat at the Kennedy Center
Politics Cheers and boos as Trump takes seat at the Kennedy Center June 12, 2025 | 5:12 AM GMT As President Donald Trump and first lady Melania Trump took their seats at the Kennedy Center Opera House on June 11 for opening night of 'Les Misérables,' a mix of cheers and boos erupted from the crowd.
Yahoo
an hour ago
- Yahoo
Investing in LIMES Schlosskliniken (ETR:LIK) five years ago would have delivered you a 280% gain
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose your money. But when you pick a company that is really flourishing, you can make more than 100%. For instance, the price of LIMES Schlosskliniken AG (ETR:LIK) stock is up an impressive 280% over the last five years. It's also up 29% in about a month. Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. During the five years of share price growth, LIMES Schlosskliniken moved from a loss to profitability. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains. You can see below how EPS has changed over time (discover the exact values by clicking on the image). This free interactive report on LIMES Schlosskliniken's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further. While the broader market gained around 19% in the last year, LIMES Schlosskliniken shareholders lost 0.6%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Longer term investors wouldn't be so upset, since they would have made 31%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. Before forming an opinion on LIMES Schlosskliniken you might want to consider these 3 valuation metrics. For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on German exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.