Trump said Bill Pulte will serve only temporarily as acting director of national intelligence after the appointment drew Republican criticism over his lack of intelligence experience. The president defended Pulte as smart and said the administration is interviewing other candidates.
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The Trump administration proposed tariffs of 10% to 12.5% on 60 trading partners, accusing them of failing to block imports made with forced labor. The duties would affect countries accounting for nearly all U.S. imports but must clear a comment process before taking effect.
President Trump has not yet decided on a potential ceasefire deal with Iran that would reopen the Strait of Hormuz and address nuclear concerns. Negotiations remain ongoing amid conflicting reports from U.S. and Iranian officials.
The Treasury Department is preparing a $250 bill featuring President Donald Trump’s portrait, pending congressional approval. The bill would be the first U.S. currency to depict a living person in over 150 years as part of the nation’s 250th anniversary celebrations.
The U.S. military conducted defensive strikes on an Iranian military site near Bandar Abbas, shooting down four drones and targeting a control station amid fragile ceasefire talks. President Trump emphasized keeping the Strait of Hormuz open while rejecting Iranian claims of a preliminary deal.
The Justice Department has created a nearly $1.8 billion fund as part of a settlement to compensate individuals claiming government "weaponization." The fund has drawn criticism over its bypassing of congressional oversight and potential constitutional issues.
President Trump and the Justice Department settle a $10 billion IRS lawsuit by creating a $1.7 billion fund to address claims of government "weaponization." The fund will provide a process for victims to seek redress but awards no damages to Trump or his family.
U.S. stocks fell sharply and oil prices surged after President Trump pledged continued strikes on Iran without outlining a ceasefire plan or reopening the Strait of Hormuz. The Dow dropped over 600 points as energy prices and inflation concerns rose.