Reuters
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TOP5 4JUNE2025 1
Posted
June 4, 2025
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June 4, 2025
594
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1:00Now Playing1. Alarm over China's stranglehold on critical minerals grew on Tuesday as global automakers joined their U.S. counterparts to complain that restrictions by China on exports of rare earth alloys, mixtures and magnets could cause production delays and outages without a quick solution.
2. Billionaire Elon Musk plunged on Tuesday into the congressional debate over President Donald Trump's sweeping tax and spending bill, calling it a "disgusting abomination" that will increase the federal deficit.
3. The U.S.-backed Gaza Humanitarian Foundation will not give out any aid on Wednesday as it presses Israel to boost civilian safety beyond the perimeter of its distribution sites, a day after dozens of Palestinians seeking aid were killed.
4. Iran's Supreme Leader Ayatollah Ali Khamenei said on Wednesday that abandoning uranium enrichment was "100%" against the country's interests, rejecting a central U.S. demand in talks to resolve a decades-long dispute over Tehran's nuclear ambitions.
5. Shares in South Korean and Vietnamese steelmakers, major Asian exporters of the metal to the United States, dropped on Monday after U.S. President Donald Trump said he would double tariffs on imported steel and aluminium to 50%.
#China #Minerals #Automakers #Exports #ElonMusk #Congress #Tax #Deficit #Gaza #Humanitarian #Israel #Safety #Iran #Uranium #Enrichment #Nuclear #Steel #SouthKorea #Vietnam #Tariffs #News #Reuters #Newsfeed
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