Luke Vargas

President Trump is increasing pressure on U.S.

allies pursuing closer ties with China, calling out an ongoing trip by British Prime Minister Keir Starmer to Beijing aimed at increasing business between the countries.

Starmer's talks with Chinese leader Xi Jinping follow Canadian Prime Minister Mark Carney's own trip to China, where the countries agreed to reduce tariffs on Chinese-made EVs and Canadian agricultural products.

That triggered Trump to threaten 100 percent tariffs against all Canadian imports in the event of a free trade agreement between China and Canada, something Carney said he's not pursuing.

Last night, Trump also warned that he might decertify Canadian-made aircraft and apply 50 percent tariffs on imports in retaliation for what he described as the country's refusal to certify U.S.-made Gulfstream jets.

Panama's Supreme Court has annulled the contract for Hong Kong company C.K.

Hutchison to operate two ports at either end of the Panama Canal.

Hutchison can't appeal a Supreme Court ruling, but it can request clarifications that could delay the termination of its operating license.

The ruling hands President Trump a victory for his security ambitions in the

Meanwhile, the Trump administration has moved to reopen commercial airspace over Venezuela and ease some sanctions on its battered oil industry.

That comes as Venezuela's National Assembly yesterday approved changes to hydrocarbon laws to allow U.S.

companies more autonomy to operate in the country.

And finally, how's this for a pre-flight checklist, passport, boarding pass, and Costco membership card?

Journal reporter Stu Wu says that with locations in 13 foreign countries, Costco-centric tourism is becoming a thing for the brand's American devotees.

And that's it for What's News for this Friday morning.

Today's show was produced by Hattie Moyer.

Our supervising producer was Daniel Bach.

And I'm Luke Vargas for The Wall Street Journal.

We will be back tonight with a new show.

Otherwise, have a great weekend and thanks for listening.