President Trump ramps up pressure on Japan,
threatening 35 percent tariffs ahead of a July 9th deadline for trade talks.
Plus, House Republicans threaten to sink the president's mega bill,
and the U.S. stops delivery of key weapons for Ukraine.
The U.S. is by far the biggest supplier of weapons to Ukraine and has been
since the start.
And some of those weapons will not be easy to replace by other countries.
It's Wednesday, July 2nd.
I'm Luke Vargas for the Wall Street Journal.
And here is the AM edition of What's News,
the top headlines and business stories moving your world today.
President Trump has threatened to raise tariffs on Japan to as high as 35 percent,
a day after he appeared to cut off trade talks with Tokyo.
Trump has expressed anger that Japan would not agree to accept U.S. rice imports,
and he told reporters aboard Air Force One it's unlikely the sides will reach an agreement ahead of a July 9th deadline for trade deals set by his administration.
We've dealt with Japan.
I'm not sure if we're going to make a deal.
I doubt it with Japan.
They're very tough.
You have to understand, they're very spoiled.