President Trump terminated trade discussions with Canada on Friday due to proposed Canadian taxes on U.S. tech companies, which he deemed a “direct attack” on American technology firms. The tax, retroactive to 2022, imposes a 3% levy on tech companies earning over $14.59 million from Canadian users, mirroring the European Union’s actions. Trump will retaliate with new tariffs. (Story URL)
Tropical Storm Barry has developed off Mexico’s eastern coast, and will bring heavy rainfall to the country’s Atlantic coast in the coming days. A Tropical Storm Warning is currently in place for the coast of Mexico from Boca de Catan southward to Tecolutla. Barry is anticipated to slightly intensify before making landfall, followed by a rapid weakening once it moves inland. (Story URL)
President Trump announced in a Fox News interview that he has identified a group of “very wealthy people” interested in purchasing TikTok, the video-sharing app facing a ban in the US over national security risks. Trump hinted at revealing more details in two weeks and expressed confidence in Chinese President Xi Jinping’s approval of the sale. (Story URL)
The head of the International Atomic Energy Agency (IAEA) cautioned that Iran could restart enriching uranium within a few months following a recent U.S. military attack on its facilities. Despite U.S. claims of significant damage to Iran’s nuclear facilities, a Defense Intelligence Agency report suggested only limited impact, delaying the program temporarily. (Story URL)
Renowned investor Warren Buffett has announced a donation of $6 billion in Berkshire Hathaway stock to five charitable foundations. This contribution brings his total donations to these organizations since 2006 to approximately $60 billion. The largest portion of the donation, consisting of 9.4 million shares, will go to the Bill & Melinda Gates Foundation Trust. (Story URL)
