Matthew Konhauser 0:02
Good day, TMU. I'm Matthew Konhauser.

Larayb Abrar 0:05
I'm Larayb Abrar. 

Charlie Wagner-Chazalon 0:06
And I'm Charlie Wagner-Chazalon. 

Matthew Konhauser 0:08
Welcome to the Final Word news report for Friday, April 4. Today, TikTok's bid for a new owner and the global impact of Trump's Liberation Day. Then the closing of a Windsor automotive factory following Trump's tariffs and one man's fight against the constitution to become an organ donor. Later, details about the return of Canada's largest vintage fare, the Toronto vintage show. Now to Larayb with international news. Tiktok has until tomorrow to find a non Chinese buyer or risk being banned in the United States, as the social media giant races to make a deal before the April 5 deadline. The list of bidders is growing. CBC reports that Amazon is now in the mix, along with a group led by only fans. Founder Tim Stokely. Amazon hasn't publicly commented, but its shares jumped 2% after news of its bid.

Larayb Abrar 0:58
In the past, Amazon has tried to build its own social media network. In 2022 it launched a TikTok style feature called Inspire, which it discontinued earlier this year. Other bidders include venture capital firms and private equity groups. The goal is to reduce TikTok Chinese ownership to less than 20% namely, to buy out its parent company, Bytedance. White House officials say TikTok, Chinese ownership is a security threat. The US speculates the app may be used by Beijing to collect data on Americans. However, Tiktok and Bytedance both deny that claim. Nearly half of all Americans use TikTok, making this sale one of the biggest tech shakeups in years. Hungary says it will withdraw from the International Criminal Court. The announcement came just hours after Israeli Prime Minister Benjamin Netanyahu arrived in Budapest. Netanyahu is under an ICC arrest warrant for alleged war crimes in Gaza, but Hungary is welcoming him regardless. Prime Minister Viktor Orbans government ignored its legal duty to arrest him. Hungary will become the only country in the European Union to leave the ICC.  According to The New York Times, Orban's Chief of Staff, said the withdrawal will follow international and constitutional law, but the process takes at least a year. Meaning Hungary is still bound by the Treaty. The ICC says Hungary must cooperate, and was obligated to arrest Netanyahu, the Israeli leader's visit, marks his first to a country that recognizes the court since the warrant was issued. Donald Trump is at it again, this time slapping major tariffs on some of America's biggest trading partners. Trump calls it an effort to liberate America from the international trade system. However, the tariffs have set off Wall Street's steepest plunge since 2020. Economists warn that these tariffs could shake up markets, leading to global recessions. The US President unveiled his plan on Wednesday, calling it reciprocal. According to the New York Times, The European Union is facing 20% tariffs. Meanwhile, countries across Asia are hit the hardest. China will see an extra 34% on top of existing levies. Vietnam, Cambodia, Bangladesh and Sri Lanka will also face tariffs upwards of 20%. Eswar Prasad a professor at the Dyson School of Applied Economics at Cornell University says Trump's move marks the start of a new era of protectionism and will be felt worldwide. Closer trading partners like Mexico and Canada won't see any new tariffs at this time, but for most other countries, there's a baseline 10% tariff with higher rates depending on what they charge US exports. Trump says the move is about fairness, but America's partners see it as another hit to free and open trade. Here's Charlie with more tariff news affecting us closer to home.

Charlie Wagner-Chazalon 3:53
The Canadian stock market has lost over $100 billion following Donald Trump's latest round of global tariffs. Trading has dropped continuously since the tariffs came into effect Thursday morning. Among the businesses affected is Stellantis, a car factory in Windsor, Ontario. The company is halting production for two weeks because of tariffs from the US. The factory currently employs nearly 5000 people and will close its doors on Monday. Canada was spared from any new tariffs on Trump's so called Liberation Day. However, Mark Carney has imposed counter tariffs of 25%. The levy on Canadian car parts announced by the states last week took effect on Thursday. Stellantis says they will be laying off employees across the US and Mexico. The Windsor factory assembles Dodge vehicles with parts manufactured in the States and Canada. The tech and auto industries have been hit the hardest by the trading dip in North America. A Toronto man is fronting a constitutional challenge against the federal government for policies that prohibit gay men from donating organs. Health Canada does not allow gay men who have been sexually active in the last year to donate their organs. The organization's policies say that these individuals are at higher risk of transmitting HIV. In an exclusive interview with the Toronto Star, Michael Fausal says that these rules are unnecessary and diminishing to LGBTQ plus people. He says donated organs are already screened and tested for diseases. Fausal says these policies stigmatize gay men by using a blanket ban instead of looking at the risk factors involved for individual donors. His lawyers argued in a filing with the Superior Court that these rules go against the Charter of Rights and Freedoms. Canadian Blood Services had similar practices until just three years ago, which Justin Trudeau called discriminatory and wrong. Federal NDP leader Jagmeet Singh says that he will issue Victory Bonds to get Canada through this trade war if he becomes prime minister. The NDP say the money raised from the bonds would go towards getting Canadians to work building public infrastructure. Bonds were sold by Canada during both World Wars to fund the conflicts. The party said in a statement, quote, we are in a trade war, and just like other wars, we will use Victory Bonds to support the trade war effort. For those looking to shop Canadian, here's Matthew on the Toronto vintage show.

Matthew Konhauser 6:15
Canada's largest vintage fair returns to the Queen Elizabeth building at Exhibition Place this weekend. The Toronto vintage show is 50,000 square feet of hand curated clothes, furniture and accessories. From 1950s cowboy boots to Y2k handbags and from bar wear to couches, the show's 130 vendors offer something for everyone. Since 2013 the Toronto vintage show has returned twice every year, and organizers say this year's turnout is expected to be bigger than ever. This growth comes as the vintage retail industry continues to grow globally, year over year. According to a poll conducted by Capital One in 2023 vintage retail in the United States grew seven times faster than the rest of the retail industry. Toronto is home to numerous world class vintage stores, and just like the rest of the industry, this number keeps growing. Events like the Toronto Vintage Show play a big role in helping these businesses grow by showing off the best the city has to offer. The owners of King Cobra Vintage said that this is their sixth time at the Toronto Vintage Show. Half a year in advance, they will hold back the best pieces of clothing they have in preparation for the show. Now that it's here, King Cobra is excited to show off all its products reach new clients and grow its business. Meanwhile, I talked to justice Colwell of Port Perry's Adawegamig. He said that the Toronto Vintage Show is a big boost for his store, especially because he isn't located in Toronto. Colwell said that while the injection of cash into his business is always nice, networking with other vendors and customers is the most valuable experience. Now, such a large fair can be daunting for experienced shoppers and newcomers alike. So here are seven tips the Toronto Vintage Show organizers gave us. Number one, give yourself plenty of time to explore with 10s of 1000s of items, you've got to take your time. Second, know your measurements. Sizing varies widely from decade to decade, so check the measurements to make sure it's a good fit. Third, wear a thin base layer. There are fitting rooms, but wearing a thin layer means you can easily try your clothing on over top. Fourth, shop both days. Vendors restock after the first day, meaning there are new items on both days. Fifth, come with an open mind. While it's a good strategy to know what you need, try to explore and stay open minded. Sixth, an imperfect fit can be tailored. It's important to always check the seam allowances to see if your find can be tailored to you. Finally, when in doubt, ask. Vendors know their stock inside and out, so if you've got questions, just ask them. The show will go from 10am to 6pm on April 5 and sixth. Admission is $15 plus HST, but if you sign up for Toronto Vintage Show newsletter, you will receive $2 off admission. Once inside cash, credit and debit are all accepted. That's all for today. Thank you for tuning in to the Final Word Newswrap. I'm Matthew Konhauser. 

Larayb Abrar 9:05
I'm Larayb Abrar. 

Charlie Wagner-Chazalon 9:06
And I'm Charlie Wagner-Chazalon. 

Transcribed by https://otter.ai