Key Events (10)
President Trump announced a dramatic reversal on tariffs, pausing steep levies on most countries for 90 days after stock market turmoil, while maintaining 125% tariffs on China. The about-face came after economic instability, particularly rising government bond yields, threatened broader financial disruption.
President Trump directed the Department of Justice to investigate two former officials from his first administration who became public critics. This move is part of an escalating pattern of using official power to scrutinize perceived political opponents.
Global stock markets surged on Trump's tariff pause announcement, with the S&P 500 experiencing one of its biggest days since World War II, while the EU suspended its planned 25% retaliatory tariffs in a 90-day pause to allow negotiations.
Critics accused President Trump of market manipulation after he posted that it was 'a great time to buy' on social media just hours before announcing the tariff pause, raising questions about insider trading concerns.
China retaliated to Trump's 125% tariff hike by implementing 84% tariffs on US products and restricting American film releases in its market. Beijing said the trade war 'will end in failure,' escalating tensions despite the global tariff pause.
The Trump administration cut $4 million in climate research funding to Princeton University, claiming the university's work exposed students to 'climate anxiety' and 'exaggerated climate threats.'
The House passed a Republican budget framework that paves the way for Trump's agenda, including his sweeping tax cuts and immigration plan by unlocking a multitrillion-dollar resolution.
The Supreme Court sided with a wrongly deported migrant, ordering the Trump administration to take steps to return Kilmar Armando Abrego Garcia from El Salvador, following a trial judge's directive.
Federal workers reported concerns that Elon Musk's Department of Government Efficiency (DOGE) may be secretly using AI to record meetings in at least two federal agencies, according to emails from senior officials.
The US State Department announced that Ksenia Karelina, a US-Russian dual national ballet dancer jailed in Moscow over a charity donation, is returning to the US following reports of a prisoner swap arranged by Secretary of State Marco Rubio.
Executive Orders (1)
President Trump directed the Department of Justice to investigate two former officials from his first administration who became public critics, escalating his use of official power to scrutinize perceived opponents.
Source ↗Tariff Actions (2)
Trump maintained and escalated tariffs on China to 125%, later reported as 145%, amid his broader tariff pause for most other countries.
Source ↗Trump announced a 90-day pause on steep tariffs against most countries to allow negotiations, reversing his earlier sweeping tariff increases after market turmoil.
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