Trump Action Archive

Supporting reports

• DOJ reaches agreement with New York hospital to end pediatric gender-affirming care — The Department of Justice reached an agreement with a New York hospital to cease offering pediatric gender-affirming care. This follows a pattern of Trump administration investigations into hospitals providing gender-affirming care, resulting in dozens of hospitals discontinuing such services. The action restricts access to medical care that major health organizations recognize as standard treatment.

Supporting reports

• Law enforcement agencies diverted opioid settlement funds to surveillance technology — More than a dozen local law enforcement agencies across the country used opioid settlement money to procure Flock cameras and other AI-powered automated license plate readers. Advocates had intended the settlement funds to be directed toward underserved communities affected by the opioid crisis, not surveillance infrastructure.

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• Los Angeles County sues State Farm for false advertising and underpaying wildfire victims — Los Angeles County filed a 107-page lawsuit against State Farm on behalf of California residents, seeking at least $160 million in restitution plus civil penalties of up to $2,500 per violation. The complaint alleges State Farm systematically failed to pay benefits to 2025 LA wildfire victims, refused to authorize environmental testing for contamination, and delayed or denied claims until policyholders contacted the press or EPA representatives. The lawsuit also cites State Farm's "Halfway There" Super Bowl advertising campaign as false advertising, arguing the company marketed complete claims service while delivering inadequate coverage to its own California policyholders.
• California Department of Insurance found State Farm violated state law in majority of wildfire claims reviewed — The California Department of Insurance (CDI) concluded that State Farm "delayed, underpaid, and buried policyholders in red tape at the worst moment of their lives." CDI found that in more than half of the claims it reviewed related to the 2025 LA wildfires, State Farm violated state law. The agency's findings are cited as evidence in the Los Angeles County lawsuit and document systematic violations of insurance regulations affecting disaster victims.
• Los Angeles County sues State Farm for wildfire benefits denial — Los Angeles County filed a lawsuit against State Farm alleging that the insurance company failed to pay benefits to victims of the 2025 LA wildfires. The lawsuit cites State Farm's Super Bowl advertisement claiming comprehensive coverage and seeks at least $160 million in restitution for the alleged failure to honor claims.

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• Trump promotes data center development and criticizes anti-data-center sentiment — Trump posted on social media that communities opposing data centers would "end up being backwards and poor," and urged them to "let Data Reign" to achieve success, lower taxes, and job creation. He warned that killing "the Golden Goose" would be self-destructive. The bulletin notes that some of Trump's largest campaign donors, PACs, and construction project funders are AI and data center companies, and that none of these facilities are being constructed near Trump's properties. The post appears designed to pressure communities into accepting data center development.

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• Trump family crypto bank backed by UAE national security advisor — The Trump family's new crypto bank is backed by Sheikh Tahnoon bin Zayed al Nahyan, the national security advisor of the United Arab Emirates and brother of the UAE president. The Abu Dhabi royal invested $500 million in the Trumps' World Liberty Financial. Simultaneously, Trump is negotiating with the UAE over access to U.S. artificial intelligence chips, raising concerns that such access could enable technology transfer to China. Ethics lawyers have characterized the arrangement as an unprecedented conflict of interest and a threat to national security.

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• Administration cancels offshore wind project; funnels $900 million to Trump donor's firm — The Trump administration canceled an offshore wind project and directed the German company RWE to receive $1.2 billion in federal funds to abandon wind leases off New York, California, and Louisiana in exchange for investing in "conventional energy" projects. RWE will spend $900 million of that sum acquiring a stake in a liquefied natural gas project in Louisiana currently owned by a private equity fund run by Australian billionaire Michael Dorrell, who donated approximately $1 million to Trump's inaugural committee. The arrangement effectively funnels federal funds to a Trump donor's private equity firm.
• Trump administration settles offshore wind cancellation with $1.2 billion payout to RWE — The Trump administration reached a settlement requiring German energy company RWE to receive $1.2 billion from a federal fund in exchange for surrendering offshore wind leases in New York, California, and Louisiana and investing in conventional energy projects instead. Of the payout, $900 million will be used by RWE to purchase a stake in a liquefied natural gas project in Louisiana from a private equity fund owned by Australian billionaire Michael Dorrell, who donated $926,300 to Trump's inaugural committee in late 2024 and another $73,700 weeks later.

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• Trump's investment accounts trade oil and gas stocks during Iran war — According to CBS News investigation of Trump's financial disclosure filings, the president's investment accounts have continued to purchase and sell holdings in oil and natural gas companies while overseeing the U.S. war with Iran. In the first three months of 2026, his accounts executed approximately 3,600 stock or securities trades worth between $212 million and $695 million. Democrats on the Joint Economic Committee estimated his oil and gas holdings increased in value from $13–$46 million at the start of the year to $17–$61 million by mid-August, with energy stocks surging during the period encompassing U.S. operations in Venezuela and the Iran war.

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• Trump EPA proposes rule to exempt datacenters from public air pollution disclosure — The Trump administration's Environmental Protection Agency proposed a new rule that would eliminate the Clean Air Act requirement for datacenters to publicly disclose air pollution emissions. The rule would make disclosure voluntary at state and local officials' discretion rather than mandatory. Datacenters are significant sources of nitrogen oxide, carbon monoxide, and heavy metals. Environmental advocates warn the change will reduce public oversight, prevent communities from knowing what pollutants they will breathe, and weaken enforcement of federal pollution limits linked to asthma, heart disease, and cancer.
• EPA approves two toxic datacenter chemicals despite acknowledged health risks — The Trump administration's Environmental Protection Agency approved two photoacid generator compounds for import and immediate use in U.S. datacenters, despite acknowledging in consent orders that the chemicals may present "unreasonable risk" to workers and the public and could cause sudden death, cancer, neurological damage, and reproductive harm. The EPA admitted insufficient data to quantify acute toxicity and lethality risks but approved the chemicals anyway with minimal restrictions, prompting a lawsuit by Earthjustice arguing the approval violates the Toxic Substances Control Act.

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• Trump administration files proposal to rescind 25-year-old roadless rule protecting national forests — The U.S. Forest Service, under Trump's Department of Agriculture, formally filed a proposal on Tuesday to rescind the 2001 Roadless Area Conservation Rule, which has protected approximately 45 million acres of old-growth national forests from road construction, drilling, and logging for 25 years. Agriculture Secretary Brooke Rollins framed the move as removing "outdated restrictions" to enable forest management and wildfire mitigation. Environmental groups immediately opposed the plan, warning it would open iconic forests including Alaska's Tongass and California's Tahoe to industrial logging and development. A public comment period runs until September 21.

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• OCC grants conditional bank charter to Trump-family-owned crypto bank World Liberty Financial Trust Company — The U.S. Office of the Comptroller of the Currency (OCC) granted conditional approval on August 14, 2026, to World Liberty Financial Trust Company, a crypto bank approximately 38% owned by Donald Trump and his family members, to issue the Trump-backed stablecoin USD1. The bank will not lend money or offer deposit insurance but will collect deposits and invest them in Treasury bonds while earning interest for itself. Critics and experts argue the approval creates a mechanism for depositors to "curry favor" with the White House, as USD1 has minimal market utility outside its Trump connection.

Supporting reports

• Trump pardons Binance founder Changpeng Zhao — Trump granted a pardon to Changpeng Zhao, Binance's ex-CEO and founder, who had pleaded guilty in U.S. federal court to violating the Bank Secrecy Act and failing to maintain an effective anti-money-laundering program. Zhao served a four-month jail term in 2024 before receiving the pardon in 2025. Zhao still owns 90 percent of Binance, which has been plagued by money-laundering violations and internal findings of $1.7 billion in crypto moving to Iranian entities linked to terrorism.
• Trump settles $10 billion IRS lawsuit with immunity provision — Trump used the Department of Justice to forge a settlement of his $10 billion lawsuit against the IRS regarding a leak of his tax returns. The settlement grants Trump and his family immunity from IRS audits of prior tax returns and could save him approximately $100 million. A federal judge later found that because Trump controlled both sides of the case, there was no genuine adversity of parties to provide the court with jurisdiction, characterizing the arrangement as essentially a gift to Trump at taxpayer expense.
• Trump uses presidency to amass $2.2bn in personal revenue through crypto, Truth Social, and foreign deals — Donald Trump has generated approximately $2.2 billion in personal revenue during his second presidency through multiple ventures: $1.4 billion from cryptocurrency holdings (including $799 million from World Liberty Financial and $636 million from his $Trump memecoin), a $100,000-per-month Truth Social scheme offering wealthy buyers early access to presidential posts, a $10 billion IRS settlement providing tax immunity, and a $400 million plane gift from Qatar. Ethics experts and congressional Democrats have raised corruption concerns, noting that Trump has declined to place assets in a blind trust and has dismantled regulatory guardrails that previously constrained presidential conflicts of interest.
• Trump's World Liberty Financial receives $2 billion UAE investment in Binance deal — Trump's World Liberty Financial (WLF), co-founded by Trump and his sons with Steve Witkoff's family in fall 2024, received a central role in a $2 billion investment by Abu Dhabi's MGX fund (backed by the United Arab Emirates) into Binance, the world's largest crypto exchange. The deal involved MGX purchasing $2 billion of WLF's USD1 stablecoin for investment in Binance. This arrangement occurred despite Binance's 2023 guilty plea to money-laundering violations, a $4.3 billion DOJ fine, and internal findings that $1.7 billion in crypto moved through Binance to Iranian entities linked to terrorism.
• Truth Social launches $100,000-per-month early-access scheme for wealthy investors — Trump's Truth Social media business announced a new scheme offering wealthy buyers special early access to Trump's posts for a fee of $100,000 per month, dubbed Truth API. The product would provide institutional investors with high-speed access to non-public presidential communications before public release. Democratic senators Mark Warner, Elizabeth Warren, and Adam Schiff, along with ethics watchdog groups, have raised serious conflict-of-interest and corruption concerns, characterizing the arrangement as insider trading and a step toward normalizing public corruption.
• Trump accepts $400 million plane gift from Qatar — Trump circumvented the Constitution's prohibition on foreign emoluments by accepting a $400 million plane as a gift from Qatar. This arrangement, along with other wealthy foreign backing of Trump family hotel and golf deals abroad, has raised concerns among critics about violations of the Foreign Emoluments Clause.
• Businessman under UK money-laundering investigation invested $100 million in Trump crypto — The New York Times reported that a businessman once under investigation in the UK for money laundering became one of the biggest buyers of tokens from Trump's cryptocurrency company, spending $100 million through a newly formed firm. As much as three-quarters of the money ultimately went to a company controlled by Trump and his sons.

Supporting reports

• Truth Social launches $100,000-per-month early-access scheme for wealthy investors — Trump's Truth Social media business announced a new scheme offering wealthy buyers special early access to Trump's posts for a fee of $100,000 per month, dubbed Truth API. The product would provide institutional investors with high-speed access to non-public presidential communications before public release. Democratic senators Mark Warner, Elizabeth Warren, and Adam Schiff, along with ethics watchdog groups, have raised serious conflict-of-interest and corruption concerns, characterizing the arrangement as insider trading and a step toward normalizing public corruption.

Supporting reports

• Trump issued proclamation imposing tariffs on unmanned aircraft systems and components under Section 232 national security authority — President Trump signed a proclamation imposing tariffs on unmanned aircraft systems (UAS) and components, effective September 3, 2026. The order imposes 100 percent ad valorem duties on UAS over 25 kilograms, thermal-imaging UAS, docking stations, and specified components; 25 percent duties on smaller UAS; and 25 percent duties on certain components (effective February 9, 2027). Reduced rates apply to allied nations (Japan, South Korea, Taiwan, Switzerland, EU, UK) if components are certified as originating from those countries. The proclamation authorizes an onshoring incentive program allowing tariff-exempt imports for companies committing to new U.S. manufacturing facilities by January 20, 2029. The Secretary of Commerce may add components to the tariff schedule on a rolling basis.
• White House issues fact sheet on drone tariff proclamation — The White House issued a fact sheet on August 13, 2026, describing a proclamation signed by President Trump imposing tariffs on drones and drone components. The proclamation imposes a 100% tariff on drones over 25 kilograms or with thermal imaging, a 25% tariff on smaller drones lacking sensitive capabilities, and 15% or 10% tariffs on drones from allied nations, with implementation beginning 21 days after signing. The fact sheet states the tariffs aim to protect national security and strengthen domestic drone manufacturing.

Supporting reports

• Treasury and FinCEN eliminated beneficial ownership reporting requirement — The Treasury Department and FinCEN announced a final rule permanently eliminating the requirement for U.S. companies and individuals to report beneficial ownership information. FinCEN also announced it will delete all beneficial ownership information already collected. The beneficial ownership reporting requirement, enacted in 2020, was designed to prevent drug traffickers, Russian and Chinese kleptocrats, and international criminals from hiding money in anonymous shell companies. Former Congressman Tom Malinowski stated the move is likely illegal, as the administration is making its own rules to circumvent a law passed by Congress.
• Treasury Department repeals beneficial ownership reporting requirement — The Treasury Department officially repealed the requirement for U.S. companies and individuals to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), implemented under the Biden administration pursuant to the Corporate Transparency Act passed by Congress in 2020. The repeal also exempts Americans who obtained FinCEN IDs from updating or correcting information and eliminates the requirement for foreign companies to report Americans who helped them register to do business in the U.S. The original law was authored by then-Senator Marco Rubio, now Secretary of State, who had called it "the most significant anti-corruption and money laundering law in decades."

Supporting reports

• DHS posts procurement forecast for ICE electric-shock glove contract — The Department of Homeland Security published a procurement forecast on August 10, 2026, announcing that Immigration and Customs Enforcement intends to purchase the CTG-5 G.L.O.V.E. (Generated Low Output Voltage Emitter), an electric-shock device manufactured by Compliant Technologies. The contract is estimated at $10 million to $20 million and could involve thousands of devices. The gloves deliver 324–362 volts through direct skin contact and are designed for use by ICE agents in Homeland Security Investigations and Enforcement and Removal Operations.
• ICE announces procurement of shock gloves for detainee control — On August 10, ICE published a notice announcing plans to spend up to $20 million on shock gloves that deliver electrical charges to subdue individuals. The manufacturer's warnings specify the device should subdue someone in three seconds or less, must not be used longer than 15 seconds, should not be used simultaneously on one person, must avoid the head, face, throat, chest, and groin, and must not be used on the elderly, children, pregnant women, people with severe disabilities, or as punishment or torture. The procurement represents a significant expansion of potentially harmful restraint technology.
• ICE procurement of electric shock gloves for immigration enforcement — U.S. Immigration and Customs Enforcement announced plans to spend up to $20 million to purchase thousands of Glove (Generated Low Output Voltage Emitter) devices—gloves capable of delivering painful electric shocks—for use by officers and agents by March 2027. The manufacturer claims the devices induce compliance within three seconds without leaving marks. Civil rights advocates, including the ACLU, expressed alarm, citing ICE's existing pattern of force with minimal oversight and the risk of abuse in immigration enforcement contexts.
• DHS plans to equip ICE agents with electric shock gloves — The Department of Homeland Security announced plans to equip ICE agents with "Generated Low Output Voltage Emitter" (G.L.O.V.E.) gloves capable of delivering painful electric shocks to detainees. The devices, which have been used by some jails and police departments, are intended to be deployed by March 2027. DHS plans to spend up to $20 million to purchase thousands of the gloves. Tom Homan, on Fox News, characterized the devices as an alternative to lethal force for gaining compliance.
• ICE announced plan to purchase shock gloves — DHS published an acquisition forecast stating that ICE has a new requirement to purchase shock gloves, officially named "Generated Low Output Voltage Emitter." The gloves function as tactical gloves until an officer activates electric-shock mode, delivering a painful electrical stimulus intended to gain compliance through direct skin-to-skin contact. DHS estimates the contract at $10 million to $20 million, with ICE intending to issue the devices to officers and agents in Homeland Security Investigations and Enforcement and Removal Operations. The manufacturer's manual warns against use against vulnerable groups including children, pregnant people, the elderly, and those with severe disabilities, and recommends a maximum activation of 15 seconds. A pending lawsuit alleges a 43-year-old died when Kentucky jail officers shocked him 27 times with shock gloves and 13 times with a Taser in 2024.
• ICE plans to spend $20 million on electric shock gloves for agents — The Associated Press reported that ICE is planning to spend up to $20 million to give its agents electric shock gloves to use as part of enforcement operations. The manufacturer states the gloves should not be used on children, pregnant people, or elderly or disabled people. The gloves represent an expansion of force capabilities for an agency already known for excessive force.

Supporting reports

• Trump Media announces $238 million loss in second quarter 2026 — Trump Media & Technology Group, the company behind Truth Social, announced on August 10, 2026, that it lost $238 million in the three-month period through June 2026 as it branched out into new businesses including cryptocurrency. The mounting losses underscore critics' concerns that Trump is increasingly dependent on the presidency to generate business profits and that the Truth Social early-access scheme represents an escalation in exploiting the presidency for personal financial gain.

Supporting reports

• Ken Paxton's undisclosed cellular tower income under scrutiny — New York Times reporting reveals that Texas Attorney General Ken Paxton, locked in a close Senate race, has received between $100,000 and $1 million every 18 months from a cellular tower company. At least one tower controlled by the company was erected on property of a hospital where Paxton served as a board member. Industry experts stated that a hospital board must review and approve land leases to cell tower companies, but it is unclear whether Paxton voted on or participated in discussions regarding the contract between the hospital and his company. The income source has not been previously disclosed and raises questions about potential conflicts of interest.

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• Jared Kushner purchased disputed Albanian property — A Kushner-backed development group purchased a Mediterranean resort property in Albania for over $120 million from Artur Shehu, a suspected gangster who fled to Miami after a gunfight at his bar. Local villagers had written to Kushner contending the property was stolen from them in the 2000s and that they were locked in nearly two decades of court disputes with Shehu. Two months after the purchase, Albanian prosecutors sought Shehu's arrest for allegedly playing a lead role in an international drug-smuggling operation and money laundering through stolen property, including the peninsula in question.
• Kushner's Albania resort development faces corruption investigation — Kushner's 2024 plan to develop Sazan Island and a nearby peninsula in Albania into a luxury resort with 10,000 hotel rooms has faced ongoing protests and investigation by Albania's corruption watchdog. In June 2026, Albanian prosecutors accused the man from whom Kushner's development group purchased the land—Artur Shehu—of leading an international drug-smuggling operation and using forged ownership documents to acquire the peninsula property, which he then sold to Kushner's group for $120 million.

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• Pentagon issues 21-day ultimatum to defense contractors on weapons production — The Pentagon reportedly issued a 21-day ultimatum to defense companies to produce a plan for building new weapons, citing near-zero munitions depletion. The administration is attempting to shift responsibility to private contractors rather than address its own military planning failures.

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• Senators delay hemp product ban at administration request benefiting Wiles family — Trump signed a ban on intoxicating hemp products into law last year. Senators are now working at the administration's request to delay the ban's implementation. The son-in-law of White House Chief of Staff Susie Wiles, who is the CEO of companies selling such hemp products, stands to benefit from the delay, according to the New York Times.

Supporting reports

• Trump proclaimed minimum import prices and tariffs on polysilicon and derivatives to protect domestic supply chains. — President Trump issued Proclamation 11052 under Section 232 of the Trade Expansion Act, establishing minimum import prices (MIP) for polysilicon and polysilicon derivatives effective December 4, 2026. The proclamation imposes a 15 percent ad valorem tariff on polysilicon derivatives, creates an onshoring incentive program for domestic production facilities, and authorizes the Secretary of Commerce to monitor compliance and adjust prices. The action targets foreign government policies that have eroded U.S. polysilicon production capacity from 50 percent of global output in 2005 to less than 2 percent by 2024, citing national security and semiconductor/solar supply chain vulnerabilities.
• Trump signed proclamation imposing minimum import prices and 15% tariff on polysilicon and derivatives — President Trump signed Proclamation 11XXX on August 6, 2026, establishing a minimum import price (MIP) program for polysilicon and polysilicon derivatives, effective December 4, 2026. The proclamation imposes a 15% ad valorem tariff on polysilicon derivatives and authorizes the Secretary of Commerce to establish an onshoring incentive program offering tariff exemptions to companies committing to U.S. production facilities. The action invokes Section 232 of the Trade Expansion Act of 1962, citing national security threats from foreign polysilicon imports that have eroded U.S. production capacity from 50% of global output in 2005 to less than 2% in 2024.
• White House issued fact sheet promoting polysilicon tariff proclamation — The White House issued a fact sheet on August 6, 2026, promoting a proclamation signed by President Trump that day imposing tariffs on polysilicon and its derivatives. The fact sheet states the proclamation establishes a minimum import price program on polysilicon imports, imposes a 15% ad valorem tariff on downstream derivative products, and authorizes the Secretary of Commerce to create an incentive program for domestic producers. The fact sheet claims the U.S. share of global polysilicon production capacity fell from 50% in 2005 to less than 2% in 2024, and asserts the tariffs will protect national security and defense-adjacent industries.
• Trump orders 15% tariff on polysilicon products for semiconductors and solar panels — President Trump signed an executive order on Thursday evening imposing a new 15% tariff on imported products made with polysilicon, a key material for microchip and solar panel manufacturing primarily sourced from China. The tariff takes effect December 4, 2026. The order also sets minimum import prices for polysilicon, ingots, wafers, solar cells, and modules, and authorizes the Commerce Department to create incentive programs for domestic production. The administration framed the measure as protecting U.S. supply chains and national security in AI and energy sectors.
• White House issues fact sheet announcing mining investments and industry roundtable — The White House issued a fact sheet on August 7, 2026, announcing that President Trump held a roundtable with mining industry leaders and announced over $2 billion in mining and mining-related projects, plus $180 million in mining school investments. The fact sheet states the Department of War invested $85 million in Strategic Bauxite, $150 million in Niron Magnetics, $1.4 billion in Sila Nanotechnologies, and $400 million in Sunrise Energy Metals. Additional investments were made through the Export-Import Bank, Development Finance Corporation, and Department of Energy. The fact sheet claims the administration has signed or approved 160 minerals deals totaling almost $40 billion since January 2025.

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• Crypto investors donate $10 million to MAGA Inc. after Trump administration vacates enforcement action — Crypto investors Cameron and Tyler Winklevoss and their crypto exchange Gemini donated over $10 million to MAGA Inc. The donations were made less than a month after the Trump administration moved to vacate a Biden-era enforcement action against the brothers' crypto exchange. The sequence suggests a potential quid pro quo between regulatory relief and political donations.

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• President imposes tariffs on 60 economies for forced labor import enforcement failures — The President issued a memorandum directing the U.S. Trade Representative to impose tariffs under Section 301 of the Trade Act of 1974 on goods from 60 economies found to have failed to impose or effectively enforce prohibitions on forced-labor imports. Tariff rates range from 10 percent to 12.5 percent ad valorem, with product-specific exemptions and tariff-rate quotas for certain textile and apparel goods. The action follows investigations initiated March 12, 2026, and determinations made June 2, 2026, that the practices of each economy are unreasonable and burden U.S. commerce.
• Trump issued presidential memorandum imposing tariffs on 60 economies for forced labor enforcement failures — President Trump issued a presidential memorandum directing the U.S. Trade Representative to impose tariffs ranging from 10 to 12.5 percent ad valorem on goods from 60 economies, including major trading partners (Canada, Mexico, European Union, Japan, China, India), based on determinations that these economies fail to impose or effectively enforce prohibitions on forced-labor-produced imports. The memorandum follows a March 2026 section 301 investigation and June 2026 determinations of actionable practices. Tariffs include exemptions for specified products and tariff-rate quotas for certain textile and apparel goods from Bangladesh, Cambodia, Indonesia, and Malaysia, to be established by September 1, 2026.
• Trump imposes new tariffs on 80+ countries citing forced labor — At 12:01 a.m. on July 24, Trump imposed tariffs ranging from 10% to 12.5% on goods from more than 80 countries representing 99.4% of U.S. trade, claiming the countries produce goods using forced labor. The action invokes a different legal authority than the "Liberation Day" tariffs struck down by the Supreme Court in February 2026 and differs from tariffs imposed after that ruling. The time limit for imposing tariffs under the law used for the post-Supreme Court decision tariffs expired on July 24. Within hours, two small businesses sued in the U.S. Court of International Trade, alleging the new tariffs were designed to reinstate the unconstitutional tariff system.
• Trump imposes new tariffs on 60 countries — Trump imposed new tariffs of 10 to 12.5 percent on 60 countries, citing forced labor as the pretext. The bulletin does not specify which countries were targeted, the effective date of the tariffs, or the administration's justification for the specific rates.

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• US trade representative defends tariffs before Senate; Democrats challenge inflation claims — Jamieson Greer, US trade representative, testified before the Senate Finance Committee on Wednesday, denying that Trump's tariffs have increased prices for American families despite inflation surging to a three-year high. Democratic senators, including Elizabeth Warren and Raphael Warnock, challenged Greer with estimates showing families paying an average of $1,700 more in tariff costs since Trump's return to office. Greer cited core inflation at 2.6% year-on-year but did not address overall inflation remaining higher than when Biden left office. The hearing occurred as a 10% tariff regime was set to expire Friday, with Trump officials indicating replacement with new duties.

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• Pentagon establishes Economic Defense Unit to invest public funds in defense industries — The Trump administration established an "Economic Defense Unit" (EDU) at the Pentagon tasked with investing public money in defense industries. According to reporting by the New York Times in March, the Pentagon recruited Wall Street investment bankers to the team to manage up to $200 billion in government investment over three years. Recruiters offered prospective employees access to fund-raising channels including royal families and foreign sovereign contacts for their own future investment firms.