What has Trump been busy with in the past 24 hours?
1. Angry criticism of Powell — Trump told reporters that if the U.S. Federal Reserve is willing to cut interest rates, it would have a “jet fuel-like” boost on the U.S. economy, but Fed Chairman Powell refuses to cut rates, possibly because “he doesn’t love me.” Trump previously referred to Powell as “Mr. Too Late,” calling him a fool.
2. Trade agreement with the UK — Trump announced a trade agreement with the UK, stating, “This agreement includes market access worth billions of dollars for U.S. exports, especially in agriculture, greatly increasing market access for U.S. beef, ethanol, and nearly all products produced by our great farmers.”
3. You better buy stocks now — The U.S. and the UK reached a new trade agreement that partially lifts tariffs on some goods from both sides. Trump stated that if the trade agreement and tax cuts are realized, “you better buy stocks now.”
4. Seeking tax increases for the wealthy — Sources say Trump's proposal calls for establishing a new tax bracket of 39.6% for individuals with an annual income of at least $2.5 million or couples with an income of $5 million. If approved by Congress, it would bring the top tax rate back to the level before Trump’s 2017 tax cuts.
5. Calling for an unconditional ceasefire between Russia and Ukraine for 30 days — Trump called on Russia and Ukraine for an unconditional ceasefire for 30 days on Thursday, warning that if the ceasefire is not respected, the U.S. and partner nations will impose further sanctions.
6. Looking forward to meeting the new pope — U.S. President Trump: Congratulations to Cardinal Robert Francis Prevost on being appointed pope. He is the first American pope, which is a supreme honor for our country. Looking forward to meeting Pope Leo XIV.
7. Private meeting with Netanyahu's advisor — According to two sources, Trump met yesterday with Israeli Prime Minister Netanyahu's close aide, Israeli Minister of Strategic Affairs Ron Dermer, to discuss nuclear negotiations with Iran and the Gaza conflict.