Trump Touts Progress in 'Not Easy' Talks with China
Good morning. Donald Trump touts progress in trade talks with 'not easy' China. Apple unveils Liquid Glass at a design-heavy annual showcase. And California sues the White House for sending troops to protest-hit Los Angeles. Listen to the day's top stories.
US-China trade talks in London didn't deliver any breakthrough. Still, Donald Trump said he's ' only getting good reports ' even though 'China's not easy.' A US official said negotiations will continue Tuesday. Washington signaled a willingness to remove restrictions on some tech exports in exchange for assurances that Beijing is easing limits on rare earth shipments. Signs of progress helped the S&P 500 edge a tiny bit closer to its February peak.
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Chinese state media calls for crackdown on 'zero-mileage used cars'
By Eduardo Baptista BEIJING (Reuters) -The Chinese practice of selling brand new cars as heavily discounted second-hand vehicles to get rid of inventory should be ended, the official newspaper of the country's governing Communist Party said in an article published on Thursday. The People's Daily, which often signals the positions of China's top Party leaders on a variety of issues, called for a crackdown on the practice, also known as zero-mileage used cars, just weeks after Great Wall Motor's Chairman Wei Jianjun publicly condemned it and China's commerce ministry met with Chinese automakers to discuss it. While China's Commerce Ministry did not make public its position, the People's Daily struck a harsh tone, calling out the inflation of sales data motivating Chinese carmakers and urging "tough regulatory action" to restore market order. "This disguised form of price cutting disrupts normal market order and is a striking example of the auto industry's 'involution'," the People's Daily said, using a term popular in China that describes a race to the bottom driven by excessive competition. "Once market competition rules are properly enforced, 'zero-mileage used cars' won't be able to run far — or for long." China is experiencing growing deflationary pressures as U.S. tariffs add to the gloomy mood in the world's No.2 economy. Companies in sectors from fast food to high fashion have been cutting prices amid concerns about oversupply and sluggish household demand. Price wars have gripped the Chinese auto industry in recent years, partly driven by slumping domestic consumption and overcapacity that has left many struggling to meet sales targets. While the sale of zero-mileage used cars is seen by many Chinese automakers as an effective way of clearing out an ever-growing inventory of unsold cars, with domestic and overseas consumers lured by deep discounts on what are still brand new cars, the state-run newspaper listed a litany of negative effects caused by the practice. "For manufacturers, this sales tactic may help reduce inventory in the short term but compresses profit margins, increases losses, and hinders investment in product quality and innovation — ultimately harming sustainable development," the article said. "For consumers, what seems like a good deal in terms of price comes with hidden risks: the loss of first-owner benefits, potential battery degradation, and steeper depreciation when reselling," it continued, adding the practice undermines fair competition, distorts market data, and disrupts both new and used car markets. The People's Daily singled out manufacturers of electric vehicles as needing to move beyond "data worship" and competing on volume, in order to focus on product quality and technological innovation. It did not name any specific automakers. The newspaper also listed measures Chinese regulatory authorities should adopt in order to prevent the sale of zero-mileage used cars, including strengthening oversight of second-hand vehicle registration, establishing a vehicle lifecycle tracking system, and strictly controlling the practice of immediate resale after registration. Sign in to access your portfolio
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24 minutes ago
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LA protests: California questions Trump's military response
The Pentagon mobilized 700 Marines and doubled the National Guard troops in response to immigration enforcement protests Marines expected to reach Los Angeles by Tuesday morning California Governor Gavin Newsom sues the Trump administration over deployment of the National Guard and Marines Australia speaks to US over reporter shot with rubber bullet while covering anti-Ice protests This blog covers the latest developments in the United States on Tuesday, June 10, as President Donald Trump's administration deploys active-duty Marines to deal with the LA protests: Australia has raised concerns with the United States government after a reporter was seemingly targeted and shot with a rubber bullet while covering protests against immigration raids in Los Angeles, Prime Minister Anthony Albanese said. "We don't find it acceptable that it occurred," Albanese said. The incident during which Australia's Nine News US correspondent Lauren Tomasi was shot live on camera. Albanese said he also spoke to Tomasi. She wrote on Sunday that she was a "bit sore" but otherwise well, adding it was "important we keep on telling the stories that need to be told." President Donald Trump's administration has announced the deployment of 700 active-duty US Marines and an additional 2,000 National Guard troops to Los Angeles. The move has drawn sharp criticism from California Governor Gavin Newsom, who described the deployment as "deranged" and accused the President of using the military to serve his own political interests. "This isn't about public safety," Governor Newsom said. "It's about stroking a dangerous President's ego." The deployment of active-duty military personnel within US cities is highly unusual and has raised concerns among local officials. Los Angeles Police Chief Jim McDonnell said the arrival of Marines without prior coordination posed a significant logistical and operational challenge. He expressed confidence in the police department's ability to manage large-scale demonstrations independently. Los Angeles Mayor Karen Bass also condemned the move, calling it a "deliberate attempt to create disorder and chaos in our city." "I feel like we are part of an experiment that we did not ask to be a part of," she said. About 700 active-duty Marines are heading to Los Angeles on Tuesday - a move that state and city officials say will only make things worse. What started as peaceful demonstrations against Immigration and Customs Enforcement (ICE) operations on Friday has become more heated. The situation escalated after President Donald Trump ordered in the National Guard, despite California Governor Gavin Newsom's opposition. Protesters and law enforcement clashed, with cars set on fire in the streets. It's the first time in 60 years that a president has deployed active-duty troops to back up the National Guard at home. Stay with DW for real-time news, analysis, and insights from our correspondents on the ground as we continue to cover the LA protests.
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Founding Member Limoneira to Rejoin Sunkist Growers
VALENCIA, Calif., June 10, 2025 /PRNewswire/ -- Sunkist Growers, Inc., a citrus marketing cooperative founded in 1893, announced today that Limoneira Company, one of its original founding members, will rejoin the organization effective November 1, 2025. The move marks a meaningful reunion and a bold step forward for both companies. "This is more than a return—it's a powerful alignment of shared history, values, and vision," said Jim Phillips, President and CEO of Sunkist Growers. "Together, we're transforming our collective capabilities into greater value for our growers, packers, and customers." Under the new agreement, Limoneira will continue to operate as an independent business entity. However, all of Limoneira's fresh citrus sales and marketing responsibilities—primarily focused on lemons—will transition to Sunkist at the start of the new citrus season. "We have long respected Sunkist's leadership and legacy in the citrus industry," said Harold Edwards, President and CEO of Limoneira. "Now is the right time to rejoin. Both organizations have evolved, adapted, and strengthened—and we're excited to build on that momentum to create lasting value for our growers and customers." This reconnection is expected to drive expanded market access, optimize citrus supply, and strengthen the cooperative's ability to meet evolving customer and grower needs. Both companies are looking forward to strengthening Sunkist's market position and expanding our reach through this renewed momentum and are committed to ensuring a seamless transition and continued service excellence heading into the new season. About Limoneira: (Nasdaq: LMNR), a 132-year-old international agribusiness headquartered in Santa Paula, California, has grown to become one of the premier integrated agribusinesses in the world. Limoneira (lē moñ âra) is a dedicated sustainability company with 10,500 acres of rich agricultural lands, real estate properties, and water rights in California, Arizona, Chile, and Argentina. The company is a leading producer of lemons, avocados, and other crops that are enjoyed throughout the world. For more about Limoneira Company, visit About Sunkist: Sunkist Growers, Inc. is a citrus marketing cooperative, founded in 1893, which is owned and operated by more than 1,000 growers made up of family farmers growing citrus in California and Arizona. For more information, visit All Rights Reserved. Sunkist is a registered trademark of Sunkist Growers, Inc., USA © 2025 View original content to download multimedia: SOURCE Sunkist Growers, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
