President Trump has threatened to implement a 100% tariff on nations imposing a digital services tax on U.S. companies. He stated that any country proceeding with such a tax would face immediate import duties, overriding existing trade agreements. Approximately half of OECD European members have proposed or enacted similar taxes.

Leon Black, co-founder of Apollo Global Management, is set to testify before the House Oversight Committee regarding his financial dealings with Jeffrey Epstein. Senator Ron Wyden has questioned Black’s payments exceeding $170 million for services purportedly related to tax advice and estate planning, amid ongoing scrutiny over Epstein’s criminal activities.

EUROPEAN UPDATE

This morning, European Union leaders address energy security and economic stability in response to recent geopolitical tensions.
Key discussions centre on collaborative strategies moving forward.

Iran’s Revolutionary Guards targeted a Singapore-flagged vessel in the Strait of Hormuz with a drone strike, damaging the ship’s bridge. The United Nations’ International Maritime Organization has paused a planned evacuation of vessels in the Persian Gulf, citing safety concerns following the incident. No casualties were reported.

The Supreme Court has ruled against a Hawaii law requiring concealed-carry permit holders to obtain permission before bringing firearms onto private property accessible to the public. The 6–3 decision found the restriction unconstitutional, asserting it violated the Second Amendment rights of gun owners.

President Trump’s recent meeting with Republican senators became tense when he challenged Louisiana Senator Bill Cassidy over the War Powers Resolution. Cassidy stated he matched Trump’s tone, emphasising his duty to the American people. The discussions followed Senate votes related to military action against Iran and proposed legislative measures.