Trump ends trade talks with Canada over digital tax attack
President Donald Trump says he is terminating all discussions on trade with Canada after Ottawa insists on a digital services tax. He warns of tariffs within seven days and asserts Canada could remove the tax, though Ottawa says negotiations continue in Canadians' best interests.
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U.S. Signs Rare Earth Deal With China
The United States and China announced a trade pact to ease magnet and rare earth mineral exports for American manufacturers. Treasury official Scott Bessent said the agreement follows prior tariffs and a Xi Jinping call, with magnets expected to flow. The piece also references Canada’s role and a digital services tax affecting major tech firms.
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Hartman laid in state at Minnesota Capitol rotunda
Former Minnesota House Speaker Melissa Hartman lay in state with her husband and their dog in the Capitol rotunda. Authorities described the June 14 attack as a political assassination. Vance Boelter, accused killer, appeared in a death by action case, requesting delays over jail conditions and sleep deprivation. The viewing drew Gov. Walz, former President Biden, and others as a private funeral was scheduled.
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UVA President James Ryan Quits Over Government Probe
UVA President James Ryan resigns rather than publicly contest a Trump administration probe into the university’s diversity, equity, and inclusion practices. He warned that fighting the federal government could endanger hundreds of jobs, research funding, and student aid including visas.
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U.S. stocks close at an all time high on Friday
U.S. equities reached new peaks with the S P 500, Nasdaq, and Dow posting gains as markets reversed a spring plunge amid trade policy fears. Inflation concerns persist while tariffs weigh on forecasts. Nike led gains despite tariff warnings. crude oil rose to 65.52 a barrel as supply concerns ease.
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