Tariffs Are Dragging Down Even Companies Without US Exports
Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg's journalists around the world. Today, Vlad Savov reflects on the vast selloff in Asian stocks following Donald Trump's latest comments on globe-spanning tariffs on US imports.
TikTok and tariffs: President Donald Trump's decision to impose far-reaching tariffs scuttled a permanent deal to let TikTok remain available in the US. The Chinese government was ready to approve a US buyout until the tariffs, Bloomberg reported. Trump on Friday extended a deadline for a deal by another 75 days.
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Yahoo
24 minutes ago
- Yahoo
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.
25 minutes ago
Filipino forces and villagers struggle to live in China's shadow in disputed waters
WEST YORK ISLAND, South China Sea -- Overwhelmed after setting foot for the first time on a far-flung but picturesque island in the disputed South China Sea, a Filipino army official knelt to kiss the shore. She held a small Philippine flag that fluttered in the breeze. 'This is just so beautiful,' Philippines military spokesperson Col. Francel Margareth Padilla said of West York Island, one of nine islands, reefs and atolls occupied by Filipino forces in the long-contested waters. 'This solidifies our resolve to fight for this place whatever happens.' The 18.6-hectare (46-acre) droplet-shaped island, called Likas by Filipinos, could easily become an eco-tourism draw in tropical Asia with its powdery white-sand beaches, turquoise waters and giant sea turtle sanctuaries. Padilla expressed hope it could someday be opened to Filipino travelers and tourists from across the world. But that longstanding aspiration by Philippine officials has been stymied by a tangle of territorial conflicts involving a militarily superior China. Beijing claims virtually the entire South China Sea, a vital global trade route with rich undersea deposits of gas and oil. It has increasingly flexed its military might, including its navy — the largest in the world — to strengthen its grip on a strategic waterway it says it has owned since ancient times. The Philippines, Vietnam, Malaysia, Brunei and Taiwan contest China's expansive claims with their own, and the territorial stand-offs have increasingly flared into cat-and-mouse confrontations at sea in recent years. The long-simmering disputes are also a delicate fault line in the regional rivalry between Beijing and Washington. Both former President Joe Biden and his successor, Donald Trump, have condemned China's growing aggression in the contested waters, including its coast guard's use of powerful water cannons, blinding military-grade lasers and dangerous sea maneuvers against the coast guard and navy of the Philippines, Washington's oldest treaty ally in Asia. Under President Ferdinand Marcos Jr., who took office in mid-2022, the Philippines has intensified a campaign to expose China's increasingly assertive actions by capturing them in video and photographs. The images have then been made public in the hope that international pressure would prompt Beijing to back down to avoid damage to its reputation. The Philippine military invited a small group of journalists, including two from The Associated Press, in a dayslong naval patrol of the South China Sea territories claimed by Manila and on visits to navy and marine forces deployed to guard them. During the patrol, which ended over the weekend, the BRP Andres Bonifacio navy ship carrying the journalists warned a number of Chinese coast guard ships and suspected Chinese militia vessels by two-way radio to move away from Philippines-claimed waters. The Chinese ships responded by asserting their sovereignty in the offshore region without undertaking any provocative actions. On West York Island, two Filipino marines in camouflage uniforms stood guard with M4 assault rifles under a Philippine flag. One used binoculars to scan the surrounding waters for Chinese or Vietnamese ships passing by from a distance. One of the farthest islands in the disputed waters from the nearest Philippine province of Palawan, West York is a difficult and risky post, where Filipino forces see nothing beyond the small island but sea. Military personnel can occasionally call their loved ones during their two-month deployment, but the internet connection is spotty, especially during the typhoon season that starts in June, according to military personnel on the island. They grow eggplants, okra and chili peppers and raise goats and chickens to augment food provisions delivered by navy ships from Palawan. There is a makeshift basketball court to help while away off-duty time and ease the feeling of isolation. 'It's being away from your family,' Padilla said. 'At the end of the day, you go home to an empty room.' Marine Col. Joel Bonavente, who was among the visiting military officials, told AP that military personnel posted in the remote outpost get additional pay to compensate for the "hazard and loneliness.' On Thitu, the largest Philippines-claimed island, which lies west of West York, civilians have thrived for decades in a small fishing village alongside the military forces. An AP journalist who visited Thitu several years ago saw an island with only a few low-slung wooden and concrete buildings and a gravel airstrip that was being eroded by the constant pounding of waves. There were a few shanties mainlanders had moved to from Palawan in exchange for a monthly government provision of groceries, rice and cash in a bid to grow a civilian community. Dramatic infrastructure improvements have occurred through the years on the 37.2-hectare (92-acre) island, which now has a concrete runway, a huge aircraft hangar, a wharf, a storm shelter and concrete roads running through the fishing village, military encampments and a three-story coast guard surveillance center. A high school building is nearly finished near a seawater desalination facility. 'I want to stay on this island because my blood pressure remains stable without the wide selection of fatty food you find in the city like hamburgers,' said Nenita Bania, a 59-year-old villager who has lived with her husband on Thitu for 12 years. 'Lonely? Not really. It's not the case if you're with family,' she told the AP aboard an air force C-130 aircraft, as she and other villagers hitched a ride back to Thitu from Palawan province. Living in China's shadow in the disputed waters, however, has been challenging, said Larry Hugo, 47, who leads a group of at least 114 fishermen. More than a decade ago, China transformed seven disputed South China Sea reefs into island bases, where Chinese coast guard and navy ships can now refuel and obtain supplies for longer periods far from the Chinese mainland. One of China's artificial islands, Subi, has a military-grade runway and lies just 26 kilometers (16 miles) from Thitu. 'There were no Chinese ships before but now it's a big problem because they are all around our island,' Hugo said. 'They're guarding the reefs where we used to fish, and they block us so we can't venture far.' 'It's very dangerous,' he said. 'We have small boats and we may be run over and that'll be a big problem because we're far from civilization.'
Newsweek
28 minutes ago
- Newsweek
MAGA Supporters Counter Anti-ICE Protests: 'Go Back to Mexico'
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Several Donald Trump supporters in Tampa, Florida, have started counter-protests to anti-ICE, Immigration and Customs Enforcement, demonstrations. Video footage posted on X, formerly Twitter, shows a man holding a red "MAGA country" flag chanting "we want ICE" and telling a woman holding a Mexican flag: "If you love Mexico, go back to Mexico." In another clip, a group of men can be seen holding a Trump-Vance banner, before move for a truck coming through. Hundreds gathered outside Tampa's City Hall to protest on Monday, after a weekend of violent clashes between anti-ICE demonstrators and law enforcement. Police intervened during some heated moments between anti-ICE protesters and counter-protesters but there was no violence, according to Tampa broadcaster FOX13. This is a developing story - more to follow.
