Key Events (10)
Trump and Putin are preparing to meet in Alaska for a summit. The meeting comes amid discussions about ending the war in Ukraine, with EU leaders emphasizing Ukraine's right to choose its own future before the meeting.
Trump announced a federal takeover of Washington D.C.'s police and plans to deploy the National Guard to address homelessness and crime, despite falling crime statistics in the city. Local officials condemned the move as illegal, and analysts noted Trump's rhetoric did not align with actual crime data.
Trump announced a 90-day extension of the tariff pause on Chinese goods, preventing higher tariffs from taking effect and spurring stock market rallies in Australia and Japan. The extension aims to allow more time for negotiating a trade deal.
U.S. inflation remained at 2.7% in July, with core inflation accelerating at a faster pace than June. Analysts attributed the increase partly to the impact of Trump's tariffs on consumer costs.
Trump nominated EJ Antoni, chief economist at the Heritage Foundation, to lead the Bureau of Labor Statistics. Economists from across the political spectrum criticized the nomination, raising concerns about political interference in labor statistics.
A Trump administration law will cut food stamps for an estimated 2.4 million people by expanding work requirements to parents of teenagers, adults up to age 64, and veterans, according to Congressional Budget Office findings.
The Justice Department accused immigration lawyer Joshua Schroeder of 'reckless misrepresentations' and sought financial penalties after he attempted to block his client's deportation.
Mexico extradited 26 high-ranking cartel figures to the U.S. as part of an enforcement deal with the Trump administration aimed at cracking down on drug trafficking networks.
The Department of Justice accused George Washington University of violating civil rights law concerning treatment of Jewish students and faculty. The university is the latest institution targeted by the White House over 2024 pro-Palestinian campus protests.
Trump clarified on social media that gold bars would be duty-free from tariffs, easing concerns among precious metals traders who feared the metal would face import duties.
Executive Orders (2)
Trump signed an executive order extending the deadline for higher tariffs on Chinese goods by 90 days, delaying increased duties from taking effect and providing more time for trade negotiations.
Source ↗Trump announced a federal takeover of Washington D.C.'s police operations and deployment of the National Guard to address homelessness and crime in the nation's capital.
Source ↗Tariff Actions (2)
Trump extended the 90-day tariff pause on Chinese goods, delaying higher tariffs that were set to take effect and allowing more time for trade negotiations.
Source ↗Trump clarified that imported gold bars would be exempt from tariffs after market concerns arose over potential duty assessments.
Source ↗