Key Events (10)
Trump announced a trade deal with the United Kingdom, marking his first trade agreement since imposing sweeping tariffs in April. The deal includes reduced tariffs on UK cars (10%), steel and aluminium (zero), and covers sectors including beef and films, though many details remain to be negotiated.
Federal prosecutors have opened a criminal investigation into New York Attorney General Letitia James, with a federal grand jury impaneled in Virginia following a referral from a Trump administration official. The investigation details have not been fully disclosed.
Trump named Fox News personality Jeanine Pirro as interim U.S. Attorney for Washington, D.C., replacing Ed Martin whose nomination Trump withdrew due to concerns about his extremism. Pirro has known the president for decades.
The European Union announced a list of potential tariffs on U.S. aircraft and car exports in response to Trump's blanket 20% tariffs, with the move targeting Boeing and other manufacturers as the EU considers litigation over Trump's trade policies.
The U.S. House of Representatives approved legislation to rename the Gulf of Mexico as the 'Gulf of America,' with the measure passing nearly along party lines with Democratic opposition and nearly unanimous Republican support.
Trump declared the Biden-era Digital Equity Act 'racist' and 'unconstitutional,' denouncing the high-speed internet program as 'woke handouts based on race' in a social media post attacking the broad effort to improve internet access.
Trump is reportedly considering creating a new top income tax bracket for people earning more than $2.5 million per year with a 39.6 percent tax rate, marking a potential reversal of his traditional tax-cutting position.
The Trump administration asked the Supreme Court in an emergency application to allow the revocation of protections provided to migrants from troubled countries under a Biden-era humanitarian parole program.
Vice President JD Vance said the U.S. will not intervene in the India-Pakistan conflict, stating the dispute is 'none of our business' while indicating the administration will seek to de-escalate without forcing either nuclear power to lay down arms.
Trump's administration sent a letter to Stockholm urging the city to scrap diversity initiatives, which the city rejected as 'bizarre,' refusing to comply with the request seeking to impose Trump's rollback of diversity measures internationally.
Tariff Actions (2)
As part of the US-UK trade deal announced May 8, 2025, car exports from the UK will face 10% tariffs rather than higher rates.
Source ↗As part of the US-UK trade deal announced May 8, 2025, tariffs on steel and aluminium imports from the UK have been cut to zero.
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