October 12, 2025: US-China Trade Rhetoric Cools, Israel Hostages Set for Release, More

Listen for the latest from Bloomberg News 

See omnystudio.com/listener for privacy information.

Episode Transcript

Speaker 1 (00:00):
News when you wanted with Bloomberg News. Now, I'm Doug Krisner.
We begin in China, where the government says it will
not back down in the face of a renewed tariff
threat from President Trump. Last week, Trump suggested new levies
on Chinese imports of one hundred percent, and he also
said the US would impose export controls on any and
all critical software beginning November first. Now, these moves came

(00:23):
after China imposed export curbs on rare earth minerals. Today,
Beijing said the US should stop issuing threats. The Ministry
of Commerce urged further negotiations, while at the same time
saying it will not hesitate to retaliate. Here is US
Trade Rep Jamison Greer speaking on Fox News.

Speaker 2 (00:42):
Clearly, the Chinese have realized that they have wildly overstepped
the bounds of what's acceptable. I can tell you that
we were not notified, and quickly as soon as we
found out from public sources, we reached out to the
Chinese to have a phone call and they deferred. However,
in the past couple of days, I think it's become
very clear to everybody that is powagrapt by the Chinese

(01:03):
won't be tolerated.

Speaker 1 (01:05):
Jamison Greer, there US Trade rep speaking to Fox News
also today, in a post on truth social President Trump said,
don't worry about China. It'll be fine. The President is
traveling to the Middle East to seal a deal to
end the war in Gaza. He will greet Israeli hostages
in Jerusalem. They are expected to be released by Hamas
in the next twenty four hours in exchange for Palestinian prisoners. Now,

(01:29):
the Israeli government said the process is expected to begin
Monday morning local time. Here is President Trump speaking to
reporters before leaving for Israel.

Speaker 3 (01:38):
There at five hundred thousand people yesterday and today in Israel,
and also the Muslim and Arab countries are all cheering.
Everybody's cheering at one time. That's never happened before.

Speaker 2 (01:50):
Usually, if you have one cheering, the other isn't.

Speaker 1 (01:53):
President Trump speaking to reporters before boarding Air Force one. Now,
as a part of the first phase of this ceasefied
Israeli forces have withdrawn to a new defensive line inside Gaza,
and thousands of displaced Palestinians have headed back to Gaza City.
At the same time, increased humanitarian aid is expected to
start flowing in the US. The government shutdown is now

(02:16):
approaching two weeks, and President Trump has started to fire
federal workers, although he vowed to continue paying members of
the military. Now the decision to pay troops may ease
some tensions of the immediate pressure on Republicans to soften
their stance on Democratic demands to address health care cost.
Vice President j. D. Van says the government must be

(02:38):
open for the Trump administration and Republicans to begin negotiations.

Speaker 4 (02:43):
There's a lot of willingness to negotiate, a lot of
willingness to compromise from both the moderate Democrats and certainly
from the White House. But if the far left Democrats
led by Chuck Schumer are going to shut down the
government and refuse to open up the government unless they
get everything they want negotiation.

Speaker 1 (03:00):
Vice President JD Van speaking to CBS Face the Nation.
Over the weekend, President Trump and Ukrainian President Voladimir Zelenski
spoke on a phone call. They discussed air defense, long
range weapons, energy, and some other matters. Meantime, Ukraine is
hoping to keep pressure on Russia with a trip to
Washington this week. Bloomberg's Nathan Hager has more.

Speaker 3 (03:22):
A team led by Ukrainian Prime Minister Julius Viridenko will
be in DC to discuss freezing Russian assets, air defenses,
and ramping up sanctions against Moscow. President Vladimir Zelenski says
the delegation will also discuss Ukraine's energy needs. He says
Kiev will need to increase natural gas imports by nearly
a third after Russia's attacks on their infrastructure heading into

(03:44):
the winter. In Washington, I'm Nathan Hager, Bloomberg Radio.

Speaker 1 (03:48):
Tesla is facing a federal probe following crashes involving a
self driving feature. We have more from Bloomberg's Amy Morris.

Speaker 5 (03:56):
Federal regulators opened another investigation into Tesla's so called full
self driving technology after dozens of incidents in which the
electric vehicle makers cars ran red lights or drove on
the wrong side of the road, sometimes crashing into other
vehicles and endangering drivers. The National Highway Traffic Safety Administration
says it has fifty eight incident reports of Tesla vehicles

(04:19):
violating traffic safety laws while operating in full self driving mode.
The probe covers two point nine million vehicles. Amy Morris,
Bloomberg Radio.

Speaker 1 (04:28):
And that is news when you want it with Bloomberg News. Now,
I'm Doug Prisoner and this is Bloomberg