The main events by the morning: July 1

• The United States has threatened Japan with higher tariffs if it does not restore its rice purchases. In 2024, Japan purchased rice from the United States for $298 million, but in the first four months of 2025 — only for $114 million. Donald Trump said that Tokyo refused to purchase rice despite the shortage in the country. At the same time, official comments from the Japanese government have not yet been received.

• Shares of Tesla Inc declined significantly amid the escalation of the conflict between Trump and Elon Musk. Trump has publicly criticized Musk, saying he benefits excessively from government subsidies, and called for a review of federal support provided to Tesla. According to over-the-counter trading on the Robinhood platform, Tesla quotes decreased by 6.4% to the level of $297.35.

• Canada has started exporting LNG – Shell Canada Energy has shipped its first LNG cargo from the LNG Canada project to Asia. The Kitimat plant is the first major North American LNG project with access to the Pacific Ocean. LNG Canada is a joint venture that includes several companies, and its capacity is 14 million tons per year. The project is considered the largest private investment in the Canadian economy, with a construction cost of about 40 billion Canadian dollars (approximately $29.4 billion).

• Trump has signed a memorandum toughening American policy towards Cuba. The document establishes a ban on tourist trips by US citizens to the island, confirms support for the current economic embargo, and also provides for active opposition to attempts to lift it at international forums, including the United Nations. Cuba's foreign minister reacted sharply to the measures, calling Washington's actions «criminal behavior.»