US: Strikes Didn’t Destroy Iran’s Nuclear Program, EU Tariff Threat, UK's China Imports Jump
Bloomberg Daybreak: Europe Edition25 Jun 2025

US: Strikes Didn’t Destroy Iran’s Nuclear Program, EU Tariff Threat, UK's China Imports Jump

Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:


(1) American airstrikes had only a limited impact on Iran’s nuclear program, according to early US intelligence findings, as the United Nations watchdog urged fresh inspection of the sites.


(2) Donald Trump ensured that NATO’s high-stakes summit would be a nervy affair to the end as he flew in to The Hague fueling doubts about whether the US remains fully committed to defending its allies.


(3) The European Union plans to impose retaliatory tariffs on US imports, including on Boeing aircraft, if President Donald Trump puts a baseline levy on the bloc’s goods as many expect.


(4) Chinese companies are ramping up shipments to Britain to levels not seen in years, a possible sign that the Asian factory powerhouse is finding export markets unimpeded by high tariffs like those President Donald Trump has imposed.


(5) Federal Reserve Chair Jerome Powell had plenty of opportunities Tuesday to tell lawmakers definitively the central bank will cut interest rates soon. He didn’t take any of them.


(6) Former New York Governor Andrew Cuomo conceded to his upstart rival Zohran Mamdani in the Democratic primary in the race to become mayor of New York City after the 33-year-old Queens lawmaker racked up commanding leads across Brooklyn, Queens and Manhattan.

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