Trump Action Archive

Supporting reports

• Trump administration takes ownership stakes in private companies for national security — The U.S. government under Trump has taken ownership shares of private companies deemed important to national security, including Intel and U.S. Steel. According to New York Times reporting in November 2025, the administration had committed more than $10 billion in taxpayer funds to favored businesses. The lack of transparency in this private-sector interference raised concerns about favoritism, corruption, and market distortion.

Supporting reports

• Pentagon allocates $58.5bn to AI research under former Uber executive oversight — The Trump administration's defense budget allocates $58.5bn to artificial intelligence research, overseen by Emil Michael, former Uber executive and head of the Pentagon's research and engineering division. Michael, while in his first months in office, reportedly made millions in profits—between 400% and 4,800%—on his personal investment in Elon Musk's xAI company, creating a potential conflict of interest between his Pentagon role and private financial interests in AI ventures.
• Pentagon's Office of Strategic Capital allocates $20bn under private equity leadership — The Pentagon's Office of Strategic Capital, functioning as a private equity arm of the Department of Defense, is allocated $20bn in the Trump budget. The office is presided over by a former employee of Cerberus Capital, the private equity firm formerly headed by Deputy Secretary of Defense Stephen Feinberg. Last year, the office committed $620m to a mining company backed by a fund tied to Trump's son Donald Jr., exemplifying the blending of private equity interests with defense spending.

Supporting reports

• SNAP benefits terminated for 440,000 Arizona residents under One Big Beautiful Bill Act — The One Big Beautiful Bill Act, championed by Republicans and celebrated by Agriculture Secretary Brooke Rollins, made the deepest cuts to SNAP in its history, expanded work rules, and shifted costs to states. Arizona alone has terminated SNAP benefits for 440,000 residents since the law's passage. The cuts have forced Arizona to lay off a third of its caseworkers. Among those losing benefits is Dee McDonald, a 65-year-old cancer survivor weighing 69 pounds who skips meals to feed her three teenaged grandsons.

Supporting reports

• TSA privatizes airport screening at Des Moines and Tampa airports — Des Moines International Airport and Tampa International Airport have opted into the Transportation Security Administration's new privatization model for airport screening. This resurrects the pre-9/11 system in which individual airlines contracted with private security firms to screen passengers and baggage. Congress created the TSA after the September 11, 2001 attacks because the private system had demonstrated dangerous vulnerabilities.

Supporting reports

• HHS withholds additional Medicaid funding from California and Minnesota — Secretary of Health and Human Services Robert F. Kennedy Jr. announced that the federal government is withholding more than $1 billion in additional Medicaid funding from California and Minnesota, claiming the administration wants proof that payments are not fraudulent. The administration had already withheld $1.3 billion from California since May and $243 million from Minnesota since February. Kennedy announced it will now withhold an additional $867 million from California and more than $200 million from Minnesota.

Supporting reports

• Trump issues Proclamation 11045 establishing aluminum tariff incentive program for domestic production capacity — President Trump issued Proclamation 11045 modifying the aluminum tariff regime established under section 232 of the Trade Expansion Act of 1962. The proclamation authorizes the Secretary of Commerce to establish an investment incentive program allowing companies building, expanding, or refurbishing U.S. primary aluminum production facilities to import primary aluminum at half the standard tariff rate, corresponding to the facility's reasonably anticipated annual output. The program requires onshoring plans with construction start by January 20, 2029, and subjects approved plans to monitoring and enforcement by the Commerce Department.
• Trump proclamation imposes 50% tariff on Canadian dairy products effective August 19, 2026 — President Trump issued Proclamation 11047 under Section 338 of the Tariff Act of 1930, imposing an additional 50 percent ad valorem duty on specified Canadian products to offset alleged Canadian discrimination against U.S. dairy commerce. Trump found that Canada's tariff-rate quota allocation measures under the USMCA deny U.S. retailers access to cheese quotas while granting similar access to EU retailers under CETA, creating unequal treatment. The duties take effect August 19, 2026, and apply to products listed in Annex II of the proclamation.
• Trump proclamation imposes 50% tariff on Canadian motor vehicles and parts effective August 19, 2026. — President Trump issued Proclamation 11048 under Section 338 of the Tariff Act of 1930, imposing an additional 50 percent ad valorem duty on specified Canadian products in response to Canada's discriminatory motor vehicle tariff scheme. The proclamation finds that Canada has discriminated against U.S. commerce by applying a 25 percent tariff on U.S. motor vehicles while treating other countries more favorably, causing U.S. motor vehicle exports to Canada to fall approximately 22 percent year-over-year. The duties take effect August 19, 2026, and are intended to offset the burden on U.S. producers and spur Canada to remove its discriminatory tariffs.
• Trump proclamation imposes 50% tariff on Canadian products in response to alcoholic beverage import restrictions — President Trump issued Proclamation 11046 on July 20, 2026, imposing a 50 percent ad valorem duty on certain Canadian products effective August 19, 2026. The action invokes Section 338 of the Tariff Act of 1930, citing Canadian provincial and territorial bans on U.S. alcoholic beverages implemented beginning March 2025. Trump found that Canada discriminated against U.S. commerce while not restricting beverages from other countries, causing U.S. exports to Canada to fall 81 percent. The proclamation authorizes the Commissioner of U.S. Customs and Border Protection to implement the tariffs and modify the Harmonized Tariff Schedule accordingly.
• Trump administration imposes additional 50% tariffs on all Canadian products — The Trump administration announced the imposition of an additional 50% tariff on all Canadian products, citing alleged Canadian discrimination against U.S. products as justification. The stated rationale was that Canada was boycotting American products in response to Trump's trade war and threats to make Canada the 51st state.
• Trump issued proclamation establishing tariff incentive program for domestic primary aluminum production — President Trump signed Proclamation 11033 on July 20, 2026, modifying the aluminum tariff regime established under section 232 of the Trade Expansion Act of 1962. The proclamation directs the Secretary of Commerce to establish an investment incentive program allowing companies that commit to building, expanding, or refurbishing U.S. primary aluminum production facilities to import primary aluminum at half the standard tariff rate, corresponding to their facility's anticipated annual output. Construction must begin by January 20, 2029. The Secretary is authorized to approve onshoring plans, monitor compliance, audit commitments, and rescind tariff benefits retroactively if companies fail to meet commitments or engage in fraud.
• Trump issued proclamation imposing 50% additional tariffs on Canadian motor vehicles and related products — President Trump signed a proclamation on July 20, 2026, imposing an additional 50 percent ad valorem duty on certain Canadian products, effective August 19, 2026. The proclamation invokes Section 338 of the Tariff Act of 1930, asserting that Canada discriminates against U.S. motor vehicle exports through a 25 percent tariff scheme and tariff-rate quotas that do not apply to other countries' vehicles. The proclamation states U.S. motor vehicle exports to Canada fell approximately 22 percent between April 2025–March 2026 compared to the prior year, while exports from Mexico, Japan, Korea, and Germany to Canada increased. The order directs the Commissioner of U.S. Customs and Border Protection to implement the duties and modify the Harmonized Tariff Schedule accordingly.
• Trump issued proclamation imposing 50% tariff on Canadian dairy products — President Trump signed a proclamation on July 20, 2026, imposing an additional 50 percent ad valorem duty on certain Canadian dairy products, effective August 19, 2026. The proclamation invokes Section 338 of the Tariff Act of 1930, asserting that Canada discriminates against U.S. dairy commerce by granting retailers access to tariff-rate quotas under the Canada-EU trade agreement while denying the same access under the USMCA. The order directs the Commissioner of U.S. Customs and Border Protection to implement the duties and modify the Harmonized Tariff Schedule accordingly.
• Trump issued proclamation imposing 50% tariffs on Canadian products in response to provincial alcoholic beverage bans — President Trump signed a proclamation under Section 338 of the Tariff Act of 1930 imposing an additional 50 percent ad valorem duty on certain Canadian products, effective August 19, 2026. The proclamation states that Canadian provinces and territories banned U.S. alcoholic beverages beginning March 2025, reducing U.S. exports by approximately 81 percent (from $718 million to $137 million annually), while imports from other countries increased. Trump determined this constitutes discriminatory treatment warranting tariff retaliation to offset the burden on U.S. commerce and producers.
• White House issues fact sheet on Trump tariffs against Canada — The White House published a fact sheet on July 20, 2026, announcing that President Trump signed three proclamations under Section 338 of the Tariff Act of 1930 imposing 50% tariffs on certain Canadian goods, effective 30 days after signing. The fact sheet states the tariffs target cars, alcohol, and dairy in response to what it characterizes as Canada's discriminatory trade practices. The document claims Canadian imports of U.S. motor vehicles fell 22% ($5.6 billion) and U.S. alcoholic beverages fell 81% ($582 million) year-over-year, and asserts the tariffs will "offset the burden and disadvantage on U.S. commerce."
• Trump imposes 50% tariffs on most Canadian goods via proclamations under Section 338 — President Trump announced 50% tariffs on most Canadian goods, effective in 30 days, citing Canada's alleged discrimination against US automobiles, alcohol, and dairy products. The tariffs exclude energy, fish, critical minerals, and potash. Trump signed three proclamations under Section 338 of the 1930 Trade Act. Canadian Prime Minister Mark Carney stated the tariffs violated the USMCA trade agreement and called for negotiations. The action follows Trump's earlier fentanyl-related tariffs on Canada and his complaints about wildfire smoke.
• Trump announces 50% tariffs on Canadian products — Trump announced new 50% tariffs on certain products from Canada, scheduled to take effect in 30 days. Trump cited smoke from Canadian wildfires hurting U.S. air quality and threatened further tariffs on Canadian produce, stating "the United States is being unnecessarily invaded by filthy, polluted, and unhealthy air." Canadian officials, including Ontario premier Doug Ford, noted they sent firefighters rather than threats when conditions were reversed.
• Trump threatened 50 percent tariff on Canadian exports — President Trump threatened to impose a new 50 percent tariff on Canadian exports. The threat prompted pushback from Ontario, British Columbia, and Canadian Prime Minister Carney, who expressed concern about the economic impact of such tariffs on bilateral trade relations.

Supporting reports

• Consumer brands donate to Congressional sponsors of ICE-expansion legislation — Popular Information analyzed corporate PAC donations to members of Congress who sponsored or co-sponsored 40 bills expanding ICE's power during the 119th Congress. SpaceX's corporate PAC donated $589,000 to 63 such members; Home Depot donated $536,500 to 77 members; Walmart donated $308,000 to 88 members; Toyota donated $262,500 to 75 members; and Google donated $257,500 to 48 members. The analysis identified 110 House members and 37 Senators as sponsors or co-sponsors of ICE-expansion bills, with Rep. Barry Moore (R-AL) sponsoring or co-sponsoring 12 bills.
• Google corporate PAC funds Congressional ICE-expansion bill sponsors — Google's corporate PAC donated $257,500 to 48 members of Congress who sponsored or co-sponsored legislation expanding ICE's power during the 119th Congress. In 2017, Google's CEO signed a letter calling for legislation to protect undocumented immigrants brought to the US as children, but the company has not publicly opposed any of Trump's immigration policies during the second administration.
• Home Depot corporate PAC funds Congressional ICE-expansion bill sponsors — Home Depot's corporate PAC donated $536,500 to 77 members of Congress who sponsored or co-sponsored legislation expanding ICE's power during the 119th Congress, according to FEC filings analyzed by Popular Information. This represents the second-largest corporate PAC contribution to this group of legislators after SpaceX.
• Toyota corporate PAC funds Congressional ICE-expansion bill sponsors — Toyota's corporate PAC donated $262,500 to 75 members of Congress who sponsored or co-sponsored legislation expanding ICE's power during the 119th Congress, according to FEC filings analyzed by Popular Information.
• Walmart corporate PAC funds Congressional ICE-expansion bill sponsors — Walmart's corporate PAC donated $308,000 to 88 members of Congress who sponsored or co-sponsored legislation expanding ICE's power during the 119th Congress. The article notes that in 2017, Walmart's CEO signed a letter calling for legislation to protect undocumented immigrants brought to the US as children, but the company has not publicly opposed any of Trump's immigration policies during the second administration.
• Corporate donors bankroll House and Senate sponsors of ICE expansion bills — Since January 2025, 110 House members and 37 senators have sponsored or cosponsored 40 bills to expand ICE's power. Popular Information identified the corporate donors providing the most support to these politicians, including SpaceX, Home Depot, Walmart, and Google. The investigation documents the financial relationships between major consumer brands and lawmakers advancing immigration enforcement expansion.

Supporting reports

• FCC commissioners accept expensive tickets from companies under regulatory review — Federal Communications Commission commissioners have accepted expensive tickets to the Kennedy Center Honors Gala from CBS and Paramount, CBS' parent company, as they considered whether to approve Paramount's merger with Skydance Media. The acceptance of these gifts from a company whose merger they were evaluating creates an apparent conflict of interest and raises questions about the integrity of the regulatory review process.

Supporting reports

• One Big Beautiful Bill Act tax and spending framework enacted without Democratic support — The Republican-controlled Congress passed the One Big Beautiful Bill Act (OBBBA) in July 2025, extending or expanding more than $4.5 trillion in tax breaks for wealthy individuals and corporations while cutting more than $1 trillion from social welfare programs. The measure reduced the child tax credit increase below inflation-adjusted levels, with benefits concentrated among the richest fifth of Americans. The law cut $187 billion in federal SNAP funding, resulting in more than 4 million people losing food assistance between July 2025 and March 2026, including at least one million children.

Supporting reports

• White House teleprompter operator placed on administrative leave over alleged insider trading on prediction market — Gabriel Perez, Donald Trump's teleprompter operator since 2016, was placed on unpaid administrative leave after reports he used advance knowledge of the president's speeches to place bets on the Kalshi prediction market, generating over $100,000 in winnings. White House press secretary Karoline Leavitt called the conduct "deeply unfortunate and frankly a disgrace." The CFTC is investigating the matter after Kalshi detected unusual betting patterns and referred the trades to federal regulators. Perez earned $175,000 annually as deputy assistant to the president.
• Trump's teleprompter operator investigated for betting on presidential speech content — Gabriel Perez, Trump's longtime teleprompter operator, is under federal investigation for allegedly making over $100,000 in bets on the prediction market Kalshi, wagering on which words Trump would say in his own speeches, including the February State of the Union. Investigators found that Perez allegedly withdrew from certain bets mid-speech if Trump skipped a wagered word. Kalshi froze a portion of the winnings after flagging the activity as suspicious.
• Trump's teleprompter operator placed bets on presidential speeches — Gabriel Perez, Trump's technical assistant and teleprompter operator since 2016, is in settlement talks with federal regulators after allegedly using inside knowledge of the president's speeches to place bets on prediction market Kalshi. CFTC investigators found Perez placed bets on more than a dozen Trump speeches over a three-month period, including the State of the Union address, a World Economic Forum speech in Davos, and remarks at a Medal of Honor ceremony, winning over $100,000. Perez continues to serve as one of Trump's teleprompter operators and typically has final eyes on nearly all prepared remarks.
• Truth Social announces new profit mechanism tied to Trump's office — Truth Social announced a new way for Trump to profit directly from his position as president. The announcement suggests a direct monetization of the presidency through the social media platform.

Supporting reports

• President directs 25% tariffs on all Brazilian goods with specified exemptions under Section 301 investigation — The President issued a memorandum directing the U.S. Trade Representative to impose a 25 percent tariff on all goods from Brazil, with exemptions for specified products identified in an annex. The action follows a Section 301 investigation initiated July 15, 2025, into Brazil's practices regarding digital trade, electronic payments, tariffs, anti-corruption enforcement, intellectual property, ethanol market access, and illegal deforestation. The Trade Representative determined on June 1, 2026, that certain Brazilian acts, policies, and practices are unreasonable or discriminatory and burden U.S. commerce. After receiving over 360 written comments and hearing 77 witnesses at a July 6–7, 2026 public hearing, the President determined that exemptions for certain raw materials, economy-critical products, and items unavailable domestically or from other sources are warranted.
• Trump imposed 25% tariffs on Brazil to support Bolsonaro — Secretary of State Marco Rubio announced 25% tariffs on most Brazilian imports, claiming President Lula negotiated in bad faith. Lula's government responded that the U.S. actually runs a $424.5 billion trade surplus with Brazil over 15 years and directly named the Bolsonaro family as collaborators in building the case against Brazil. The tariffs are timed to coincide with Lula's active election battle against Flavio Bolsonaro, son of the imprisoned former president, suggesting an attempt to influence a foreign election.

Supporting reports

• White House issues fact sheet on EPA regulatory relief proclamation for chemical manufacturers — The White House issued a fact sheet on July 13, 2026, announcing that President Trump signed a proclamation granting two years of regulatory relief from EPA standards for chemical manufacturers producing semiconductors, medical devices, and defense materials. The proclamation allows covered facilities to comply with pre-Biden EPA standards instead of current regulations. The fact sheet states the exemptions are justified on grounds of national security and economic viability, claiming Biden-era emissions standards impose "costly and unattainable" compliance requirements.

Supporting reports

• Trump sons' defense technology investments received $3.2 billion in government contracts — The Washington Post reported that Donald Trump Jr. and Eric Trump have amassed a portfolio of defense technology start-ups that are benefiting from new Pentagon priorities and spending. The Trump sons have invested in more than a dozen defense companies that have collectively received at least $3.2 billion in business directly from the government since those investments, along with $3.1 billion in options for future contracts.
• Trump’s sons benefit from defense contracts — On July 13, 2026, reports emerged that Donald Trump Jr. and Eric Trump have invested in defense technology start-ups that are profiting from new Pentagon spending priorities, raising concerns about conflicts of interest and the intertwining of personal financial interests with government contracts.
• CNN investigation found Trump made at least 44 stock purchases before posting complimentary Truth Social messages — A CNN investigation by Casey Tolan and Isabelle Chapman, published July 16, found that Trump made at least 44 stock purchases of 21 different companies within a week before posting complimentary Truth Social messages about those firms, their executives, or their products. The investigation suggests potential market manipulation tied to Trump's social media activity.
• Trump Jr. and Eric Trump investment funds generate billions in Pentagon contracts — A Washington Post analysis found that funds linked to Donald Trump Jr. and Eric Trump have invested in more than a dozen defense technology companies and other firms seeking business from the Pentagon and federal agencies. These companies have together generated at least $3.2 billion in direct government business since the sons invested. The arrangement raises concerns about conflicts of interest and potential self-dealing by family members of the sitting president.

Supporting reports

• Trump administration drains Lincoln Memorial reflecting pool again; awards repeat contracts without competitive bidding — Interior Secretary Doug Burgum announced that crews were draining the Lincoln Memorial reflecting pool for a second time to address algae blooms, peeling paint, and debris from Independence Day fireworks. The Trump administration plans to award the same contractors—Green Water Solutions ($1.7m) and Atlantic Industrial Coatings ($14.7m)—without seeking competitive bids. The project's estimated cost has exceeded $16m. Democratic lawmakers are investigating the pool's renovation, including questions about taxpayer funding and contractor selection practices.

Supporting reports

• Trump issues proclamation exempting chemical manufacturers from Clean Air Act emissions standards for two years — President Trump issued Proclamation 11041 on July 9, 2026, exempting certain stationary sources subject to the EPA's May 2024 Hazardous Organic Naphtha (HON) Rule from compliance with Clean Air Act section 112 emissions-control requirements for two years beyond the rule's original compliance deadlines. The proclamation invokes national security and chemical manufacturing resilience, claiming the required emissions-control technology is not commercially viable. Affected facilities will revert to pre-HON Rule emissions obligations during the exemption period.
• Trump issued proclamation exempting chemical manufacturers from Clean Air Act emissions standards for two years — President Trump signed a proclamation on July 13, 2026, exempting certain stationary sources in the synthetic organic chemical manufacturing industry from compliance with the EPA's May 2024 Hazardous Organic Emissions (HON) Rule for two years beyond the rule's original compliance deadlines. The proclamation states the exemption applies to section 112 Clean Air Act requirements and claims the technology to comply is not commercially available. The proclamation invokes national security and chemical supply chain resilience as justification.

Supporting reports

• Trump proclaims Section 232 investigation findings on aircraft imports; directs negotiations with trading partners rather than immediate tariffs. — President Trump issued Proclamation 11040 on July 9, 2026, finding that imports of commercial aircraft, jet engines, and associated parts threaten U.S. national security under Section 232 of the Trade Expansion Act of 1962. The Secretary of Commerce reported that foreign competition, supply-chain reliance, and quality-control risks harm domestic aerospace manufacturing and defense readiness. Rather than imposing immediate tariffs, Trump directed the Secretary of Commerce and U.S. Trade Representative to negotiate agreements with foreign trading partners within 180 days, with authority to impose alternative remedies if negotiations fail or prove ineffective.
• President Trump issued proclamation directing negotiations on commercial aircraft imports under Section 232 — President Trump issued a proclamation on July 9, 2026, invoking Section 232 of the Trade Expansion Act of 1962 to address imports of commercial aircraft, jet engines, and aircraft parts. The proclamation states the Secretary of Commerce found these imports threaten U.S. national security. Rather than imposing immediate tariffs, the proclamation directs the Secretary of Commerce and U.S. Trade Representative to negotiate agreements with foreign trading partners to adjust imports, with a progress update required within 180 days. The President reserves the right to impose alternative remedies, including tariffs, if negotiations fail.
• Trump signed proclamation ordering aircraft import negotiations under Section 232 — The White House issued a fact sheet on July 9, 2026, announcing that President Trump signed a proclamation pursuant to Section 232 of the Trade Expansion Act of 1962. The proclamation directs the Secretary of Commerce and U.S. Trade Representative to jointly negotiate agreements with trading partners regarding imports of commercial aircraft, jet engines, and associated parts. The fact sheet states the administration claims foreign government market interventions have eroded U.S. producers' global market share and diminished domestic manufacturing capacity. The proclamation authorizes the President to take additional actions, including tariffs, if negotiations are not completed within 180 days or prove ineffective.

Supporting reports

• EEOC rescinds affirmative action guidelines under Title VII — The Equal Employment Opportunity Commission issued a final interpretive rule rescinding its 1979 Guidelines on Affirmative Action Appropriate Under Title VII of the Civil Rights Act of 1964. The EEOC determined the Guidelines are inconsistent with Title VII's plain text, obsolete given 46+ years of subsequent caselaw, limited to affirmative action benefiting only women and minorities, and potentially conflict with recent Supreme Court precedent and constitutional equal protection guarantees. The rescission removes 29 CFR Part 1608 from the Code of Federal Regulations, effective immediately, eliminating the statutory defense under Section 713(b) for employers relying on the Guidelines in good faith.

Supporting reports

• Trump's memecoin investors lost $3.81 billion as coin value collapsed 97% — As of June 30, nearly one million people who purchased Trump's memecoin lost a combined $3.81 billion while Trump personally extracted $636 million in transaction fees taken upfront. The coin's value collapsed from $75.35 to $1.76, a 97% decline. Trump had promoted the coin with messaging such as "It's time to celebrate everything we stand for: WINNING!" and "Join my very special Trump community. GET YOUR $TRUMP NOW!"

Supporting reports

• FIFA arranges Portugal World Cup team flight on aircraft simultaneously used for ICE deportations — FIFA organized a Global Crossing Airlines (GlobalX) flight (tail number N837VA) for Portugal's men's soccer team to Dallas on 4 July 2026 for a World Cup match against Spain. The same aircraft has been used extensively for Trump administration ICE deportation flights, including one that transported over 200 Venezuelans to El Salvador's Cecot mega-prison in March 2025 against a judge's court order. The plane has conducted more than 1,580 removal-related flights since May 2023, making it one of the most frequently used aircraft in the mass deportation operation.

Supporting reports

• France national team chartered ICE deportation airline for World Cup travel — The French men's national soccer team used Global Crossing Airlines (GlobalX), a charter company that operates more than half of U.S. Immigration and Customs Enforcement's removal flights, for at least three domestic flights between World Cup games and their Boston base camp in summer 2026. Flight tracking data and social media images confirmed the team flew on aircraft that had recently transported detained immigrants, including one plane that conducted 44 deportation flights in 2026 alone and transferred detainees from Arizona to Louisiana as recently as July 1.

Supporting reports

• Senate banking committee votes down amendment barring president and Congress from owning or promoting crypto businesses — The US Senate banking committee voted down, along party lines, an amendment that would have barred the president, vice-president, Congress members, and their families from owning or promoting crypto businesses. The underlying Clarity Act advanced despite the amendment's failure, indicating Republican opposition to restricting executive crypto involvement.

Supporting reports

• Trump purchased stocks before announcing tariff pause, profiting from market movement — Federal filings revealed that the day before Trump paused his tariffs for 90 days, his investment accounts purchased as much as $12.8 million worth of stocks at market lows caused by the tariffs. Trump's announcement of the pause caused a historic stock market spike, with the S&P 500 jumping nearly 10%, one of the largest single-day gains in its history. Trump failed to report the transactions for almost a year past the required deadline; the penalty for late filing is only $200.

Supporting reports

• Trump administration provided or considered $8.9 billion in federal funding to companies with Trump and Lutnick family ties — Reporting identified at least fourteen companies with ties to the Trump and Lutnick families working with the federal government on mining deals for critical materials. The administration has either provided or is considering providing more than $8.9 billion in taxpayer money to those companies. This pattern emerged from investigation of the Kazakhstan tungsten deal and related transactions.

Supporting reports

• Trump’s Financial Disclosure Reveals $2.2 Billion Earnings — President Trump disclosed earnings of $2.2 billion in the first year of his second term, with $1.4 billion from cryptocurrency businesses. This marks a significant increase from his 2024 earnings. Additionally, Trump hosted election denier Tina Peters in the Oval Office, who was recently granted clemency after a conviction for tampering with voting machines.
• Trump earned $2.3 billion while cryptocurrency investors lost equivalent amount — Analysis of Trump family and cryptocurrency venture investor gains and losses showed the Trump family took approximately $2.3 billion in income since the beginning of Trump's second presidency, while investors in those same ventures lost approximately the same amount. The pattern demonstrates a direct transfer of wealth from retail investors to the Trump family through cryptocurrency ventures.
• Trump family structured cryptocurrency ventures to extract front-end fees while investors absorbed losses — Analysis of Trump's cryptocurrency ventures revealed the family structured deals so Trump extracted hundreds of millions in transaction fees on the front end. When the coins subsequently plummeted in value, outside investors holding the coins suffered vast losses while Trump had already secured his profits. The structure allowed Trump to profit regardless of the long-term performance of the cryptocurrency products he promoted.
• Trump financial disclosure reveals $2.2 billion in first-year earnings from presidency — Trump's financial disclosure for his first year back in office revealed he earned approximately $2.2 billion, including $1.4 billion from family cryptocurrency businesses and $636 million from the $TRUMP memecoin. The New York Times reported Trump stated "nobody cared" about conflicts of interest. Trump made 22,000 stock transactions in 2025, compared to President Biden's 13 transactions over four years. Mar-a-Lago membership fees rose to $1 million, generating $77.5 million annually—triple 2020 levels and 50% above 2024.
• Trump administration deregulates crypto industry — Under President Trump's second administration, the Securities and Exchange Commission (SEC) has significantly reduced its regulatory actions against the crypto industry. A New York Times investigation found that the SEC eased up on over 60% of ongoing crypto cases. Notably, the SEC dismissed enforcement cases against major crypto exchanges like Coinbase, Binance, Kraken, and Robinhood's crypto arm, all of which list and promote Trump's $TRUMP coin. This deregulation has facilitated increased trading volume and boosted Trump's financial returns from his crypto ventures.
• Trump earns $636 million from meme coin venture — President Donald Trump earned $636 million from his meme coin business, CIC Digital LLC, primarily through royalties from a license agreement with Celebration Coins. This income is part of the $1.4 billion Trump reported from crypto-related businesses in his financial disclosure. Despite Trump's significant earnings, investors in the $TRUMP coin have faced substantial losses, with the coin's value dropping by 97% since its launch. A Reuters investigation revealed that buyers invested at least $1.2 billion into $TRUMP, but their holdings were worth only $521 million as of April 30, 2026.
• Trump's Presidential Earnings Reach $2.2 Billion in First Year of Second Term — According to a new financial disclosure, Trump made $2.2 billion in the first year of his second term as president, compared to $622 million in 2024. Of the $2.2 billion, $1.4 billion came from his family's cryptocurrency businesses, making Trump the highest crypto earner in the United States. The disclosure reveals unprecedented personal enrichment while serving as president.
• Trump family crypto ventures generated over $1bn in first year of second term, disclosed in 927-page ethics filing — A 927-page financial disclosure released by the US Office of Government Ethics on Tuesday revealed that President Trump received over $2.2bn in total income last year, including more than $1bn from cryptocurrency ventures. World Liberty Financial, a joint venture between the Trump family and Middle East envoy Steve Witkoff's family, generated over $500m from governance token sales. CIC Digital LLC produced over $600m from Trump-branded meme coins launched days before inauguration. The disclosures prompted Democratic senators, including Elizabeth Warren, to demand tighter congressional rules preventing political figures and their families from profiting off the crypto industry.
• Trump Reports $1.4 Billion Income from Cryptocurrency Ventures — A federal filing revealed that President Trump earned approximately $1.4 billion from cryptocurrency ventures last year, including significant profits from a venture with his sons and other investments. This financial disclosure raises questions about potential conflicts of interest and the administration's regulatory stance on cryptocurrencies.
• Trump's 2025 financial disclosure reveals $2.2 billion in income, including $1.2 billion from crypto venture — Trump's financial disclosure for 2025 itemizes $2.2 billion in income across 927 pages, with a crypto business generating approximately $1.2 billion in a single year—exceeding decades of real estate empire earnings. The largest single payday was $635 million in royalties from the $TRUMP meme coin, which has since crashed approximately 95% from its launch, destroying billions in value for small investors. The disclosure also includes tens of millions from legal settlements with media and tech companies.
• Trump's financial disclosure revealed $1.4 billion in crypto income — Trump's annual financial disclosure released Tuesday showed more than $1.4 billion in crypto income for 2025, making it his single largest source of money. This income stream exists while his administration writes the rules governing the cryptocurrency industry, creating a direct conflict of interest between personal financial gain and regulatory authority.

Supporting reports

• National Design Studio installs undisclosed visitor-tracking software on federal websites — The National Design Studio (NDS), a White House office led by Airbnb co-founder Joe Gebbia and staffed by Department of Government Efficiency (Doge) veterans, rebuilt sensitive federal websites for passport applications, voter registration, prescription-drug pricing, and children's savings accounts. The NDS installed commercial visitor-tracking software (PostHog) configured to evade privacy tools on four public federal websites without publishing required privacy impact assessments or system-of-records notices mandated by the Privacy Act of 1974 and E-Government Act of 2002. The NDS removed the tracking software after Guardian inquiry on 4 June; White House responded 17 June claiming compliance with legal requirements.