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      Trump news at a glance: tariff threats draw muted reaction from Asian allies amid hopes deals can be reached

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      Donald Trump’s new tariff rates of as much as 40% for 14 countries have drawn muted responses from the hardest hit Asian countries who are hoping to renegotiate them before they come into effect next month.Japan, South Korea, Malaysia, Kazakhstan and Tunisia were handed the lowest tariff rate of 25% while Laos and Myanmar – both facing high rates of poverty – were hit with the highest at 40%.Trump posted copies of his tariff letters to each of the countries on his social media site and press secretary Karoline Leavitt said more letters would be sent later this week.Japanese prime minister Shigeru Ishiba said some progress had been made on avoiding higher tariffs of up to 35% that Trump had suggested recently, while South Korea’s industry ministry said it planned to intensify US trade talks by 1 August to “reach a mutually beneficial result”.South Africa’s president, Cyril Ramaphosa, said the 30% US tariff rate was unjustified given that 77% of US goods entered South Africa with no tariffs.Here is more on the tariffs and other key US politics news of the day:Trump delays tariff hikes but sets new rates for some countries The US president revealed plans to step up his trade wars on Monday but delayed tariff hikes on goods from key economies until next month, amid widespread confusion over his controversial economic strategy.Trump announced countries including Japan, South Korea and South Africa would face tariffs of up to 40% as part of a fresh wave of levies to kick in on 1 August. No increases will take place on Wednesday, however, after he extended a previous pause.Read the full storyNetanyahu nominates Trump for Nobel prize at meeting set to focus on GazaBenjamin Netanyahu told Donald Trump that he would nominate him for the Nobel peace prize on Monday, as the two leaders met for the first time since the US launched strikes on Iran’s nuclear program as part of a short-lived war between Israel and Iran.Trump was expected to press Netanyahu to agree to a ceasefire in Israel’s war against Hamas in Gaza amid an outcry over the humanitarian cost of an offensive that has led to nearly 60,000 deaths.Read the full storyPregnant doctor denied Covid vaccine sues Trump administrationA pregnant physician who was denied a Covid-19 vaccine is suing the Trump administration alongside a group of leading doctors’ associations, charging that the administration sought to “desensitize the public to anti-vaccine and anti-science rhetoric”, according to their attorney.Read the full storyDeportation protections for people from Honduras and Nicaragua endThe Trump administration has ended temporary protections for people from Honduras and Nicaragua in the latest phase of its effort to expel undocumented people from the US.The Department of Homeland Security announced it would end temporary protected status for an estimated 72,000 Hondurans and 4,000 Nicaraguans in moves that will come into effect in about 60 days. Citizens of the two Central American nations were accorded the status after Hurricane Mitch in 1998, which left 10,000 dead after it ripped through the region.Read the full storyPlanned Parenthood sues over funding cuts in Trump billPlanned Parenthood sued the Trump administration on Monday over a provision in Trump’s sweeping domestic policy bill that would strip funding from health centers operated by the reproductive healthcare and abortion provider.In a complaint filed in Boston federal court, Planned Parenthood said the provision was unconstitutional and its clear purpose was to prevent its nearly 600 health centers from receiving Medicaid reimbursements.Read the full storyJeffrey Epstein died by suicide, review confirmsA review of files held by the US government on the financier Jeffrey Epstein has said there is no secret client list to be released, and confirmed his August 2019 death by suicide while in federal custody, both of which contradict conspiracy theories.Read the full storyAnalysis: cruelty is the point at ‘Alligator Alcatraz’After the cruelty, the mockery. As the first detainees were being hauled into Donald Trump’s controversial migrant jail in the inhospitable wetlands of the Florida Everglades last week, his supporters were indulging in some parallel retail therapy.“Surrounded by swamps & pythons, it’s a one-way ticket to regret,” the Florida Republican party’s official X account crowed, hawking its new range of Alligator Alcatraz-themed shirts and hats. “Grab our merch to support tough-on-crime borders! Limited supply – get yours before the gators do!”Read the full storyWhat else happened today:

      Mexican prosecutors accuse boxer Julio César Chávez Jr of being a henchman for the Sinaloa drugs cartel and say he used his skills to pummel rival gang members “like a punchbag” before his recent arrest in the US.

      Donald Trump has issued his strongest defence to date of Brazil’s former president Jair Bolsonaro, claiming the far-right leader is the victim of a “witch-hunt” in his home country.
      Catching up? Here’s what happened on 6 July 2025. More

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      Trump’s big beautiful betrayal – podcast

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      On 4 July – as Americans celebrated their country’s independence – Donald Trump signed into law his sweeping tax and spending bill.Trump’s ‘Big Beautiful Bill’, as he and fellow Republicans call it, is a sprawling piece of legislation covering everything from tax cuts to border walls to repealing environmental protections, the Guardian US’s chief reporter, Ed Pilkington, explains.But for a president who normally rules by executive order, the act perhaps tells us better than anything so far what he wants to achieve in office. ‘It enshrines what Trump wants to do in his second term,’ says Pilkington.Most controversially, it includes enormous tax breaks for the country’s super-wealthy, while making swingeing cuts to social welfare programmes used by its poor. More than 10 million US citizens are expected to lose access to Medicaid – despite Trump’s continued insistence since coming into office that he would not touch the service.So, asks Michael Safi, why is Trump doing it? And will it cost him the support of the millions of poorer Americans, who came out to vote for him last year? More

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      Planned Parenthood sues Trump administration over funding cuts in big bill

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      Planned Parenthood sued the Trump administration on Monday over a provision in Donald Trump’s sweeping domestic policy bill that would strip funding from health centers operated by the reproductive healthcare and abortion provider.In a complaint filed in Boston federal court, Planned Parenthood said the provision was unconstitutional, and its clear purpose is to prevent its nearly 600 health centers from receiving Medicaid reimbursements.Planned Parenthood said that would have “catastrophic consequences”, given that the health centers serve more than 1 million patients annually through Medicaid, the US government’s insurance program for low-income people. More than 80 million people use Medicaid.“The true design of the Defund Provision is simply to express disapproval of, attack, and punish Planned Parenthood, which plays a particularly prominent role in the public debate over abortion,” Planned Parenthood said in its lawsuit.The lawsuit continued: “Stripping away this patient volume and reimbursements for care provided will result in the elimination of services, laying off staff and health center closures. The public health consequences for Medicaid patients and non-Medicaid patients alike will be dire and compounding.”The organization has estimated that the defunding could force roughly 200 Planned Parenthood clinics to shutter. Blue states, which are home to more people on Medicaid, would probably see a disproportionate number of closures.Since it is illegal to use Medicaid to pay for most abortions, Planned Parenthood clinics rely on the insurance program to reimburse them for providing services like birth control, STI tests and cancer screenings. But if blue-state clinics are forced to close, people will no longer be able to seek abortions at those clinics – a possibility that has led some abortion rights supporters, including Planned Parenthood, to call the Trump bill’s provision a “backdoor abortion ban”. Planned Parenthood provides an estimated 38% of US abortions.“We’re facing a reality of the impact on shutting down almost half of abortion-providing health centers,” Alexis McGill Johnson, Planned Parenthood Federation of Americas’s CEO, told the Guardian last week. “It does feel existential. Not just for Planned Parenthood, but for communities that are relying on access to this care.”Planned Parenthood’s lawsuit asks the courts to declare the Trump bill’s provision unconstitutional on numerous grounds, or to at least preserve Medicaid funding for Planned Parenthood clinics that do not provide abortions. The reproductive health giant suggests in the lawsuit that Congress did not understand its structure when it passed the provision. The Planned Parenthood technically consists of a mothership group, Planned Parenthood Federation of America, and nearly 50 regional affiliate groups that operate as independent entities.Medicaid is overseen by the Centers for Medicare & Medicaid Services, part of the US Department of Health and Human Services. That agency did not immediately respond to requests for comment.Planned Parenthood is being buffeted by intense financial headwinds. This spring, the Trump administration froze tens of millions of dollars earmarked for family planning providers who participate in Title X, the nation’s largest family planning program. Although several of those providers have since had their funding restored, a Planned Parenthood spokesperson said last week their affiliates had not received funding.The US supreme court also ruled in late June in favor of South Carolina in a case involving the state’s attempt to kick Planned Parenthood out of its state Medicaid reimbursement program. Red states may see that ruling as a blessing to their own efforts to defund Planned Parenthood.Even if Planned Parenthood’s Monday lawsuit succeeds, the organization will probably have to grapple with the consequences of that supreme court ruling for years to come. More

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      Trump takes on the Fed – but he has little power over central bank, economists say

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      For months, Donald Trump has ranted on social media and, at one point, threatened to fire the Federal Reserve chair, Jerome Powell. Last week, he took on a new, unusual tactic: a handwritten note.“You have cost the USA a fortune and continue to do so. You should lower the rate – by a lot!” Trump wrote to Powell, whom he calls “Too Late” in one of his less compelling nicknames.That Trump has targeted the Fed isn’t surprising. In the midst of Trump’s trade war, consumers and business owners alike have expressed anxiety about the economy. The stock market tanked in April, when the president announced the highest of his tariffs, and only went on the upswing when he pulled back the bulk of his levies.The Fed has the ability to sway the US economy through its ability to adjust interest rates. When rates are high, as they have been for the last few years, borrowing money becomes more expensive. This means higher rates for mortgages, business loans, credit card debt and more. People are less likely to invest when interest rates are high, which can slow activity in the economy. The Fed lowering interest rates would excite investors and spur economic activity, but the price could be steep in the long run.But how much sway does Trump really have over the Fed?While Trump’s aggression toward the Fed, particularly his personal attacks against Powell, are a remarkable departure from the relationship a US president typically has with the Fed, economists say the structure of the central bank limits the amount of power Trump actually has – at least in the short term.Historically, the Fed has been a nonpartisan, independent central bank within the federal government. Economists have found that countries without central banks are prone to high inflation and unemployment.“A central bank’s independence is pretty much the only thing macroeconomists know of that’s a free lunch,” said Jason Furman, a former economic adviser to Barack Obama. “When you look at authoritarian leaders that have effectively taken over the central banks, like in Turkey, you can end up with 70% inflation rates and really, really big economic problems.”In late June, Trump told reporters that he has zeroed in on “three or four people who I’m going to pick” to replace Powell. When the treasury secretary, Scott Bessent, whose name has been floated, was asked if he would take the job, Bessent said: “I will do what the president wants.”That the White House is already talking about replacing Powell almost a year out from the end of his term has raised concerns that a new appointee would act as Trump’s “shadow chair”, or someone who has power over Powell before he leaves office.But those familiar with the Fed’s structure say that a powerful “shadow chair” is unlikely, especially since the Fed’s structure encourages consensus among its leaders.When setting interest rates, the Fed chair doesn’t act alone. The chair is one of 12 members of the Federal Open Market Committee (FOMC), which meets eight times a year to vote on any adjustments to the interest rate.The amount of control Trump has over who gets on to the FOMC is limited. The committee has seven Fed governors who serve 14-year terms. Those governors are appointed by the president and confirmed by the Senate. The other five members are presidents of regional Federal Reserve banks, who are selected within the Federal Reserve system.During the next four years, because of upcoming term limits, Trump will have the ability to appoint two of the 12 members of the FOMC – what would be a small fraction of the committee.“They’re going to have a hard time persuading other people on the committee to go along with anything like what Trump wants,” Furman said.skip past newsletter promotionafter newsletter promotionRyan Sweet, chief US economist for Oxford Economics, said that Fed governors on the FOMC already voice dissenting views on the economy in public, but come together to form a consensus during their meetings.“It’s built [into the Fed] that they go into a meeting and they’ve got to come to a consensus on what the outcome is,” Sweet said.And even though Trump may want to replace Powell before his term is up, the supreme court signaled that the president can’t constitutionally fire him. Sweet pointed out that the court’s preemptive protection of the Fed chair has likely soothed stock markets, which had gone into a panic when Trump first threatened to oust Powell.Powell, whom Trump first appointed in 2018, has publicly resisted the president’s efforts to sway the Fed. He has said he would not step down if Trump asks and has said the Fed will not lower interest rates prematurely, at risk of raising inflation.In his most pointed statement against Trump’s economic policies, Powell said that the Fed paused interest rate cuts “when we saw the size of the tariffs”.“Essentially all inflation forecasts for the United States went up materially as a consequence of tariffs,” Powell said. “We didn’t overreact, in fact we didn’t react at all.” This article was amended on 7 July 2025. Powell said the Fed paused interest rate cuts due to Trump’s tariffs, not interest rate increases. More

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      The Trump administration pushed out a university president – its latest bid to close the American mind | Robert Reich

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      Under pressure from the Trump administration, the University of Virginia’s president of nearly seven years, James Ryan, stepped down on Friday, declaring that while he was committed to the university and inclined to fight, he could not in good conscience push back just to save his job.The Department of Justice demanded that Ryan resign in order to resolve an investigation into whether UVA had sufficiently complied with Donald Trump’s orders banning diversity, equity and inclusion.UVA dissolved its DEI office in March, though Trump’s lackeys claim the university didn’t go far enough in rooting out DEI.This is the first time the Trump regime has pushed for the resignation of a university official. It’s unlikely to be the last.On Monday, the Trump regime said Harvard University had violated federal civil rights law over the treatment of Jewish students on campus.On Tuesday, the regime released $175m in previously frozen federal funding to the University of Pennsylvania, after the school agreed to bar transgender athletes from women’s teams and delete the swimmer Lia Thomas’s records.Let’s be clear: DEI, antisemitism and transgender athletes are not the real reasons for these attacks on higher education. They’re excuses to give the Trump regime power over America’s colleges and universities.Why do Trump and his lackeys want this power?They’re following Hungarian prime minister Viktor Orbán’s playbook for creating an “illiberal democracy” – an authoritarian state masquerading as a democracy. The playbook goes like this:First, take over military and intelligence operations by purging career officers and substituting ones personally loyal to you. Check.Next, intimidate legislators by warning that if they don’t bend to your wishes, you’ll run loyalists against them. (Make sure they also worry about what your violent supporters could do to them and their families.) Check.Next, subdue the courts by ignoring or threatening to ignore court rulings you disagree with. Check in process.Then focus on independent sources of information. Sue media that publish critical stories and block their access to news conferences and interviews. Check.Then go after the universities.Crapping on higher education is also good politics, as demonstrated by the congresswoman Elise Stefanik (Harvard 2006) who browbeat the presidents of Harvard, University of Pennsylvania and MIT over their responses to student protests against Israel’s bombardment of Gaza, leading to several of them being fired.It’s good politics, because many of the 60% of adult Americans who lack college degrees are stuck in lousy jobs. Many resent the college-educated, who lord it over them economically and culturally.But behind this cultural populism lies a deeper anti-intellectual, anti-Enlightenment ideology closer to fascism than authoritarianism.JD Vance (Yale Law 2013) has called university professors “the enemy” and suggested using Orbán’s method for ending “leftwing domination” of universities. Vance laid it all out on CBS’s Face the Nation on 19 May 2024:
      Universities are controlled by leftwing foundations. They’re not controlled by the American taxpayer and yet the American taxpayer is sending hundreds of billions of dollars to these universities every single year.
      I’m not endorsing every single thing that Viktor Orbán has ever done [but] I do think that he’s made some smart decisions there that we could learn from.
      His way has to be the model for us: not to eliminate universities, but to give them a choice between survival or taking a much less biased approach to teaching. [The government should be] aggressively reforming institutions … in a way to where they’re much more open to conservative ideas.”
      Yet what, exactly, constitutes a “conservative idea?” That dictatorship is preferable to democracy? That white Christian nationalism is better than tolerance and openness? That social Darwinism is superior to human decency?The claim that higher education must be more open to such “conservative ideas” is dangerous drivel.So what’s the real, underlying reason for the Trump regime’s attack on education?Not incidentally, that attack extends to grade school. Trump’s education department announced on Tuesday it’s withholding $6.8bn in funding for schools, and Trump has promised to dismantle the department.Why? Because the greatest obstacle to dictatorship is an educated populace. Ignorance is the handmaiden of tyranny.That’s why enslavers prohibited enslaved people from learning to read. Fascists burn books. Tyrants close universities.In their quest to destroy democracy, Trump, Vance and their cronies are intent on shutting the American mind.

      Robert Reich, a former US secretary of labor, is a professor of public policy emeritus at the University of California, Berkeley. He is a Guardian US columnist. His newsletter is at robertreich.substack.com More

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      Donald Trump calls Elon Musk’s new political party ‘ridiculous’ and says Tesla owner is ‘off the rails’ – US politics live

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      Welcome to our live coverage of US politics and the second Trump administration.Donald Trump has hit out at Elon Musk’s decision to start and bankroll a new US political party that the tech billionaire believes can offer a viable alternative to the Democrats and Republicans.Speaking to reporters before boarding Air Force One yesterday, the US president said:
      I think it’s ridiculous to start a third party. It’s always been a two-party system and I think starting a third party just adds to the confusion.
      Shortly after speaking about his former ally, Trump posted further comments on his Truth Social platform, writing:
      I am saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five weeks.
      Trump and Musk were formerly close allies, with the Tesla boss and X owner appointed to slash federal spending through the unofficial Department of Government Efficiency (Doge) from January through May.Musk fell out with the Republican president over his sprawling tax and spending plan, signed into law on Friday, which is expected to add at least $3 trillion (£2.2 trillion) to the US’s already huge $37tn (£27tn) debt pile. Musk has argued that the bill, which he has described as “utterly insane and destructive”, would irresponsibly add to the US national debt.Musk, the world’s richest person, posted on X over the weekend that he had set up the America Party to challenge the Republican and Democratic “Uniparty”. The details of the structure of the new venture or a timeline for its creation are still unclear.But some of his social media posts suggests the new political party would focus on two or three Senate seats, and eight to 10 House districts.We will have more on this and other US politics stories throughout the day so stick with us.Donald Trump has said his administration plans to start sending letters on Monday to US trade partners dictating new tariffs, amid confusion over when the new rates will come into effect.“It could be 12, maybe 15 [letters],” the president told reporters, “and we’ve made deals also, so we’re going to have a combination of letters and some deals have been made.”With his previously announced 90-day pause on tariffs set to end on 9 July, the president was asked if the new rates would come into effect this week or on 1 August, as some officials had suggested.“No, there are going to be tariffs, the tariffs, the tariffs are going to be, the tariffs,” the president began uncertainly. “I think we’ll have most countries done by July 9, yeah. Either a letter or a deal.”Sensing the confusion, his commerce secretary, Howard Lutnick, jumped in to add: “But they go into effect on August 1. Tariffs go into effect August 1, but the president is setting the rates and the deals right now.”You can read the full story, by my colleagues Robert Mackey, Lauren Almeida and Lisa O’Carroll, here:The US is extremely mindful of BRICS’ economic might and its growing influence on the diplomatic stage. The group, often described as the developing world’s alternative to the G7 group of nations, has undergone a recent rapid expansion.BRICS was founded by Brazil, Russia, India, China and South Africa, but the group last year expanded to include Indonesia, Iran, Egypt, Ethiopia and the UAE.Some of its members have denounced US tariff policies and have suggested reforms to how major currencies are valued.The group pushes for greater representation for emerging economies and thinks western countries have a disproportionate influence on global organisations like the World Bank and International Monetary Fund.In other news, Donald Trump has widened his trade war after saying the US will impose an additional 10% tariff on any countries aligning themselves with the “anti-American policies” of the BRICS group of developing nations that include China and Russia.Trump wrote on social media:
      Any country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% tariff. There will be no exceptions to this policy.
      His comments came after a joint Sunday statement from the opening of the BRICS summit in Rio de Janeiro in which the group warned the rise in tariffs threatened global trade, continuing its veiled criticism of Trump’s erratic tariff policies.Since his return to the White House, Trump has announced a series of steep import taxes on foreign goods, arguing they will protect American jobs and the US manufacturing industry.In April, in line with this protectionist view, Trump announced a 10% base tariff rate on most countries and additional duties ranging up to 50%, although he later delayed the effective date for all but 10% duties until 9 July.The negotiating window until 9 July has led to announced deals only with the UK and Vietnam. You can read more on Trump’s tariff threat in our business live blog.My colleagues Richard Luscombe and Robert Mackey have a little more detail about how the feud between the world’s richest man and the world’s most powerful man has recently escalated. Here is an extract from their story:
      When the pair fell out earlier in the summer, Musk lashed out during an astonishing social media duel in which he stated Trump’s name was in the files relating to associates of the late pedophile and sex trafficker Jeffrey Epstein.
      Musk later deleted the post and apologized to the president as they embarked on an uneasy truce. On Sunday, however, Musk returned to the subject, reposting a photo of the jailed Epstein facilitator Ghislaine Maxwell that questioned why she was the only person in prison while men who engaged in sex with underage girls – a crime colloquially known in the US as statutory rape – were not.
      In other posts he said it would be “not hard” to break the two-party stranglehold in US politics enjoyed by Democrats and Republicans…
      Trump has made clear his feelings about his former friend in recent days after criticism of the bill. In response to Musk’s posts calling the bill “insane”, Trump said he might “look into” deporting the South African-born, naturalized US citizen billionaire.
      Welcome to our live coverage of US politics and the second Trump administration.Donald Trump has hit out at Elon Musk’s decision to start and bankroll a new US political party that the tech billionaire believes can offer a viable alternative to the Democrats and Republicans.Speaking to reporters before boarding Air Force One yesterday, the US president said:
      I think it’s ridiculous to start a third party. It’s always been a two-party system and I think starting a third party just adds to the confusion.
      Shortly after speaking about his former ally, Trump posted further comments on his Truth Social platform, writing:
      I am saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five weeks.
      Trump and Musk were formerly close allies, with the Tesla boss and X owner appointed to slash federal spending through the unofficial Department of Government Efficiency (Doge) from January through May.Musk fell out with the Republican president over his sprawling tax and spending plan, signed into law on Friday, which is expected to add at least $3 trillion (£2.2 trillion) to the US’s already huge $37tn (£27tn) debt pile. Musk has argued that the bill, which he has described as “utterly insane and destructive”, would irresponsibly add to the US national debt.Musk, the world’s richest person, posted on X over the weekend that he had set up the America Party to challenge the Republican and Democratic “Uniparty”. The details of the structure of the new venture or a timeline for its creation are still unclear.But some of his social media posts suggests the new political party would focus on two or three Senate seats, and eight to 10 House districts.We will have more on this and other US politics stories throughout the day so stick with us. More

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      Tesla shares dive as investors fear new Elon Musk political party will damage brand

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      Shares in Tesla are heading for a sharp fall in the US as investors fear Elon Musk’s launch of a new political party will present further problems for the electric carmaker.Tesla stock was down more than 7% in pre-market trading on Monday, threatening to wipe approximately $70bn (£51bn) off the company’s value when Wall Street opens.If the shares fell by that much, the value of Musk’s stock would fall by more than $9bn to about $120bn. The Tesla and Space X boss remains comfortably the world’s richest person, with a wealth of about $400bn, according to Forbes.Tesla is valued at just under $1tn but its shares have come under pressure owing to the Tesla CEO’s relationship with Donald Trump.First, Musk’s strong support for the US president created a consumer backlash and now the antagonistic turn in his relationship with Trump has investors worried Musk will be distracted from his day job, or that the White House will punish his businesses.Dan Ives, analyst at Wedbush Securities, said Musk’s announcement that he is bankrolling a US political party will alarm investors.“Very simply, Musk diving deeper into politics and now trying to take on the Beltway establishment is exactly the opposite direction that Tesla investors/shareholders want him to take during this crucial period for the Tesla story,” Ives said, adding that there was a “broader sense of exhaustion” among Tesla investors that Musk – the company’s largest shareholder – will not stay out of politics.Trump on Sunday called Musk’s plans to form the America party “ridiculous”, launching new barbs at the world’s richest person.skip past newsletter promotionafter newsletter promotionIn a post on the Truth Social tech platform, Trump wrote: “I am saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five weeks.”Musk announced the creation of the America party on his X platform at the weekend. He wrote: “When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. Today, the America party is formed to give you back your freedom.” More

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      Trump news at a glance: markets react with confusion as Trump appears to move goal posts on tariffs again

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      Stock markets slipped amid confusion as to when – and at what level – new US tariffs would be applied, as Donald Trump’s self-imposed 9 July deadline edged closer.The US is close to finalising several trade agreements in the coming days and will notify other countries of higher tariff rates by Thursday, the president said on Sunday, with the higher rates to take effect on 1 August.“President Trump’s going to be sending letters to some of our trading partners saying that if you don’t move things along, then on August 1 you will boomerang back to your April 2 tariff level,” treasury secretary Scott Bessent told CNN.Trump in April announced a 10% base tariff rate on most countries and higher “reciprocal” rates ranging up to 50%. However, Trump also said levies could range in value from “maybe 60% or 70% tariffs to 10% and 20%”, further clouding the picture.With very few actual trade deals done, analysts had suspected the date would be pushed out, though it was still not clear if the new deadline applied to all trading partners or just some.Trump and US commerce secretary say tariffs will come into effect 1 AugustTrump said on Sunday that his administration plans to start sending letters on Monday to US trade partners, dictating new tariff rates to be imposed on goods they sell to Americans. “It could be 12, maybe 15,” the president told reporters, “and we’ve made deals also, so we’re going to have a combination of letters and some deals have been made.”Kevin Hassett, who heads the White House National Economic Council, told CBS that there might be wriggle room for countries engaged in earnest negotiations. “There are deadlines, and there are things that are close, and so maybe things will push back past the deadline,” Hassett said, adding that Trump would decide if that could happen.Read the full storyTrump says Musk is ‘off the rails’ and calls his new political party ‘ridiculous’Donald Trump called Elon Musk’s decision to start and bankroll a new US political party “ridiculous” on Sunday. “Third parties have never worked, so he can have fun with it but I think it’s ridiculous,” the president told reporters traveling with him back to the White House from his New Jersey golf club.He then elaborated, at great length, in a post on his social media platform, Truth Social. “I am saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five weeks,” the president wrote.Read the full storyBenjamin Netanyahu travels to Washington as ceasefire talks reach critical pointTrump said he believed a hostage release and ceasefire deal could be reached this week, which could lead to the release of “quite a few hostages.”He was speaking after Benjamin Netanyahu left Israel for talks in Washington, praising Trump’s return to the presidency.“We have never had such a friend in the White House … We have already changed the face of the Middle East beyond recognition, and we have an opportunity and the ability to change it further and to enable a great future for the state of Israel, the people of Israel and the entire Middle East,” Israel’s prime minister told reporters.Read the full storyAnalysis: Maga influencer and de facto national security adviser Laura Loomer holds outsized sway on TrumpLaura Loomer has emerged as the most prominent Maga America First influencer in the early days of Trump’s second term.In early April, Loomer, a 32-year-old pro-Trump online influencer widely seen as a rightwing conspiracy theorist, met with Trump and gave him a list of names of people on the staff of the national security council that she believed were not loyal enough to Trump or at least had professional backgrounds that she considered suspect. Trump fired six staffers.Later, national security adviser Mike Waltz, whom Loomer had criticized for his role in the Signalgate chat leak scandal, was ousted as well.Read the full storyTexas death toll rises as Trump refuses to say whether he still plans to shut FemaDonald Trump announced on social media that he had signed a federal emergency declaration that would free additional resources to support local efforts in search and rescue operations in Texas after deadly flooding. Trump also posted a letter saying federal efforts would be coordinated by Benjamin Abbott of the Federal Emergency Management Agency (Fema). In May, that agency’s acting administrator was fired after he told Congress he did not believe it was “in the best interest of the American people to eliminate” Fema, which Trump has said he plans to do.Asked on Sunday if he is still planning to phase out Fema, Trump told a reporter: “Well, Fema is something we can talk about later, but right now they’re busy working.”Read the full storyWhat else happened today:

      David Smith asks if Trump’s expansion of presidential powers is setting the stage for future Oval Office holders?

      Adam Gabbatt writes that although Trump’s mega-bill has been widely criticized in the press, Fox News sees it differently.
      Catching up? Here’s what happened 5 July. More