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Here is your morning brief for Wednesday, June 3rd.

I'm Luke Vargas for the Wall Street Journal.

The U.S. is proposing tariffs of at least 10% on major trading partners, including Canada, Mexico,

the UK and EU, following an investigation

into goods allegedly produced by forced labor. The report from the Office of the U.S. Trade

Representative also proposed a 12.5% tariff on a raft of other countries, including China, Japan,

India, and South Korea. The OECD is forecasting a significant global economic slowdown in 26 due to higher energy costs and the Middle East conflict.

If Gulf energy production starts to recover later this month, global output will grow by 2.8% this year,

but a prolonged Middle East conflict could reduce

global growth to 2.1% the weakest this century outside of the financial crisis and pandemic.

And veteran 60 Minutes correspondent Scott Pelly was fired by CBS News on Tuesday after publicly

attacking the leadership of editor-in-chief Barry Weiss

and new executive producer Nick Bilton at a staff meeting. Pelly claimed he was terminated

for political reasons, accusing management of eroding the show's standards to, quote,

curry a moment of favor with the Trump administration. A spokeswoman for CBS parent Paramount didn't immediately

comment. Asian stocks have end of the day mixed. European stocks are mostly higher in midday

trading and U.S. stock futures are lower ahead of the open. And we have a lot more coverage of

...