Trump Action Archive

Supporting reports

• U.S. military munitions stockpiles depleted by Iran war — The New York Times reported that the U.S. has burned through approximately 1,100 long-range stealth cruise missiles (close to total remaining stockpile), over 1,000 Tomahawk cruise missiles (10 times annual procurement), more than 1,200 Patriot interceptor missiles at $4 million each, and over 1,000 ATACMS ground-based missiles in the Iran war. The Pentagon has been forced to rush munitions from Asia and Europe commands, leaving those regions less prepared to confront Russia and China, and forcing urgent scaling up of production.

Supporting reports

• Howard Lutnick admits only one person approved for Gold Card visa program — Howard Lutnick, a Trump administration official, admitted that only one person has been approved for the Gold Card visa program he promised to sell 200,000 of. The admission reveals that a major promised initiative has failed to materialize, representing either fraud or gross incompetence in program administration.
• Trump administration's "Gold Card" visa program approved only one applicant — Commerce Secretary Howard Lutnick announced that only one person has been approved for Trump's "Gold Card" visa program, which grants U.S. residency to foreigners for a $1 million fee. At a February 2025 press conference, Lutnick stated the administration planned to sell 200,000 gold cards and Trump claimed the program would help balance the budget.

Supporting reports

• White House negotiates $500m financing package for Spirit Airlines with potential equity stake — The Trump administration is finalizing a financing package of up to $500m in loans to rescue Spirit Airlines, which has faced repeated bankruptcy filings and financial distress exacerbated by rising fuel costs from the Iran conflict. In exchange for federal funds, the government would receive warrants for a potential equity stake in the airline. Trump publicly stated support for federal aid to preserve the carrier's 14,000 jobs. White House spokesperson Kush Desai blamed the Biden administration for blocking Spirit's 2024 merger with JetBlue on antitrust grounds.
• Trump administration negotiates $500 million Spirit Airlines bailout — The Trump administration is reportedly close to a $500 million loan deal to bail out Spirit Airlines, which faces bankruptcy due to elevated fuel costs from Trump's own military campaign. In return, the government would receive warrants for a significant equity stake in the airline—as much as 90% according to early reports. This follows the administration taking stakes in Intel and various rare earth companies.
• Trump administration entered advanced talks for Spirit Airlines financing package — The Trump administration engaged in advanced negotiations for a financing package to prevent Spirit Airlines from liquidating. The deal could include $500 million in government financing and potentially grant the government an equity stake in the carrier. Commerce Secretary Howard Lutnick, the architect of the deal, argued to Trump it could save jobs and boost GOP prospects in midterms. Transportation Secretary Sean Duffy raised concerns that a bailout could be a political nightmare and questioned what the government would gain. Senators Ted Cruz and Tom Cotton publicly opposed the deal as poor use of taxpayer dollars.

Supporting reports

• Trump energy secretary acknowledges gas prices unlikely to fall below $3 per gallon until 2027 — Chris Wright, US Secretary of Energy, told CNN's Jake Tapper on Sunday that gasoline prices might not return below $3 per gallon until 2027, contradicting earlier statements and Trump's campaign promise of sub-$2 gas. Wright acknowledged uncertainty about timing while maintaining prices have "likely peaked." Gas prices had climbed to $3.98 in late March and stabilized above $4 in April following US-Iran military escalation, with 67–68% of the public disapproving of Trump's handling of the war and inflation.
• Trump criticized Energy Secretary Chris Wright over gas price statements — President Trump publicly disagreed with Energy Secretary Chris Wright's CNN statement that gas prices may not return below $3 per gallon until next year—after the November midterm elections. Trump told The Hill he believes Wright is "totally wrong" on the assessment. Wright had previously told Semafor that prices would remain "high and maybe even rising" until meaningful ship traffic returns to the Strait of Hormuz. Trump had earlier promised gas prices would quickly normalize once the Iran conflict ended.
• Trump Energy Secretary states gas prices may not recover until 2027 — Trump's Energy Secretary publicly stated that gas prices may not recover until 2027. Trump responded by calling the Energy Secretary "totally wrong," contradicting his own cabinet member's assessment. The public disagreement signals internal discord over economic forecasting and energy policy.

Supporting reports

• U.S. Strategic Petroleum Reserve released at highest rate since 2022 — The U.S. Strategic Petroleum Reserve fell by 4.2 million barrels in the past week—the largest weekly drop since 2022 when releases were made to counter the Russian invasion of Ukraine. Oil market analyst Gregory Brew for Eurasia Group predicted that draws would continue at an "epic" rate of approximately 10 million barrels per week through June. The releases appear designed to lower gas prices ahead of the November midterm elections.

Supporting reports

• Trump administration considers financial bailout for UAE amid undisclosed Trump family business ties — President Trump stated on Tuesday that he is considering a financial bailout for the United Arab Emirates, a U.S. ally experiencing economic hardship from the Iran war. Treasury Secretary Scott Bessent met with UAE Central Bank Governor Khaled Mohamed Balama, who proposed a currency-swap line to provide inexpensive dollar access. While such swaps are typically Federal Reserve decisions, the Trump administration has previously used Treasury funds for bailouts. The UAE is not a major U.S. trading partner (2024 trade totaled $47.9 billion, compared to $909 billion with Canada), yet administration officials including National Economic Council Director Kevin Hassett signaled openness to assistance.
• Trump indicated openness to UAE financial bailout tied to Trump Organization business relationships — On April 22, 2026, Trump indicated he was open to offering the United Arab Emirates a taxpayer-funded financial bailout to offset economic losses from the Iran war. The UAE has extensive business partnerships with the Trump Organization and multiple financial ties to the Trump family. The proposed bailout would use federal funds to benefit a foreign government with direct financial interests in Trump family enterprises.
• UAE requests U.S. financial backstop for Iran war damage — Officials from the United Arab Emirates asked Treasury Secretary Scott Bessent and Treasury and Federal Reserve officials whether the U.S. will provide a financial backstop for the UAE if the Iran war continues to damage its economy.
• UAE warns Trump administration of dollar destabilization risk — The United Arab Emirates quietly warned the Trump administration that if the Iran conflict is not resolved, it will face dollar destabilization. The warning represents a private diplomatic signal from a key Gulf ally regarding economic consequences of prolonged conflict.

Supporting reports

• Regulators examined suspicious trades before Trump market announcements — Regulators are examining suspicious trades that occurred just before Trump's announcement regarding the opening of the Strait of Hormuz. Similar trades from one of Trump's announcements last month are also under regulatory scrutiny. The timing of massive trades immediately preceding Trump's market-moving announcements suggests potential insider trading or market manipulation.
• Potential insider trading pattern in oil markets tied to Trump announcements — WaPo reporter Josh Rogin reported on CNN that traders shorted oil markets by hundreds of millions of dollars approximately 20 minutes before Trump announced Iran peace breakthroughs, with this pattern occurring at least three times since the war began. The Guardian reported that 16 bets of $100,000 each accurately predicted the timing of U.S. airstrikes on February 27, a single user bet $550,000 on Ayatollah Khamenei's assassination moments before it occurred, and traders bet $950 million that oil prices would fall right before Trump announced a ceasefire.
• BBC reports pattern of insider trading around Trump announcements — Nick Marsh of the BBC analyzed the timing of Trump's market-moving statements against trade volume on financial markets and found "a consistent pattern of spikes just hours, or sometimes minutes, before a social media post or media interview was made public." Marsh noted a similar spike pattern over Trump's announcement of "Liberation Day" tariffs in April 2025.