Former President Donald Trump is making headlines with threats to block the opening of a bridge connecting the US and Canada, while also vowing consequences for Russia's actions in Ukraine. Simultaneously, the Senate is working to avert a government shutdown, and economic developments are unfolding with BP cutting costs and Bangladesh securing trade deals.
Trump threatened to block the opening of the Gordie Howe International Bridge, which will connect Detroit, Michigan, to Windsor, Ontario, until Washington is "fully compensated for everything" it has given to its northern neighbor, according to the BBC. The project is funded by the Canadian government but will be publicly owned by both countries. Trump also stated he would impose "very severe consequences" on Russia in 2025 if it didn't commit to a deal to end its war on Ukraine, as reported by Fox News.
Meanwhile, the Senate was scrambling to avoid a third government shutdown under President Trump, with negotiations ongoing regarding Department of Homeland Security (DHS) funding, Fox News reported. Lawmakers were cautiously optimistic that a deal could be made after negotiations appeared to stall. Senate Republicans received Senate Democrats' "partisan wishlist" of demands over the weekend, sources familiar with negotiations told Fox News Digital.
In the business sector, BP announced it was stepping up cost-cutting measures after reporting a drop in annual profits, according to BBC Business. Profits for 2025 were reported at $7.5 billion, down from $8.9 billion the previous year, following a fall in crude oil prices. The company also said it was suspending its share buyback program.
Bangladesh secured exemptions for some clothes and textiles made with US-produced materials as part of a new trade agreement with the US, BBC Business reported. Washington will also cut its tariffs on Bangladesh from 20 to 19 percent in exchange for Dhaka opening its markets to a wider range of American goods. The apparel industry is a major part of Bangladesh's economy, being the world's second-largest exporter of clothes after China.
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