Thursday, 7 August 2025

Trump announced plans to meet with Russian President Putin in the coming days, potentially as soon as next week, to discuss the Ukraine war. The Kremlin confirmed Putin agreed to the meeting, with the UAE potentially as host location.

Trump's sweeping reciprocal tariffs on approximately 90 countries took effect just after midnight on August 7, including a 25% tariff on India over Russian oil purchases and a threatened 100% tariff on semiconductors. The new tariffs immediately sparked global concerns about job losses and economic impacts.

Apple announced a $100 billion investment in U.S. manufacturing over the next four years, a plan the tech giant made in efforts to avoid Trump's threatened tariffs.

Japanese automaker Toyota warned of a £7.1 billion hit from Trump's tariffs and cut its operating profit guidance by 16 percent, one day after rival Honda reported a 50% drop in profits due to tariffs.

Trump threatened to take control of Washington D.C. police and potentially deploy the National Guard to address crime in the nation's capital, signaling a significant expansion of federal authority over local law enforcement.

Trump signed an executive order requiring universities and colleges to submit admissions data to prove they do not consider race in college admissions decisions, part of his administration's ongoing push against diversity initiatives.

Trump called for a new U.S. census that would exclude undocumented immigrants from the population count, departing from historical practice of counting all residents regardless of citizenship status as required by the 14th Amendment.

Trump called for the resignation of Intel Chief Executive Lip-Bu Tan after accusing him of links to the Chinese Communist Party, causing Intel's share price to drop significantly.

The Trump administration ousted FBI Acting Director Brian Driscoll, whose final day is Friday, after he refused to identify FBI agents who investigated the January 6 Capitol riot.

Trump signed an executive order allowing cryptocurrency and real estate investments in retirement plans like 401(k)s, though financial experts warned that such alternative assets carry a high degree of risk for retirement savings.