What has Trump been busy with in the past 24 hours?

date
01/06/2025
1. Powell pressured to cut interest rates - At the invitation of Trump, Powell met with the president at the White House to discuss economic development, including growth, employment, and inflation. Trump told Powell that not lowering interest rates was a mistake. Powell insisted that any decision would not be based on the president's request. 2. Developments in tariff policy situation - 1) Hoping for overturning of ruling: Trump posted a lengthy post claiming that the ruling of the International Trade Court was politicized and hoping that the Supreme Court could overturn it. 2) Temporary revival of tariff policy: On Thursday local time, a federal appeals court suspended a group of judges' ruling that forced Trump to suspend several tariffs on international trading partners until further notice. 3) Seeking tariff plan B: According to sources, because a previous court ruled the tariff policy illegal, Trump is considering using a previously unused provision of the 1974 Trade Act to levy tariffs on most sectors of the global economy, including allowing tariffs of up to 15% to be imposed within 150 days. 4) Phone call with Japanese leader: Trump spoke with the Japanese leader this morning. This was initiated by the Japanese side. 3. Proposal for a 60-day ceasefire in Gaza - The US Gaza ceasefire plan seen by Reuters shows that the US proposed a 60-day ceasefire, and in the first week, release 28 Israeli hostages in exchange for 125 Palestinian prisoners sentenced to life imprisonment and the bodies of 180 Palestinians. 4. Hope for dialogue between Russia and Ukraine next week - White House Press Secretary Lavrov stated that Trump hopes Russia and Ukraine will hold direct talks next week. 5. "Farewell" to Musk's resignation - Trump stated that a press conference will be held in the Oval Office at 1:30 am Beijing time on Saturday, and Musk will attend. This will be his last day. 6. Dissolution of over 300 offices - US Secretary of State Rubio stated that the State Department has submitted a notice to Congress regarding a comprehensive restructuring plan, with over 300 offices being streamlined, merged, or dissolved. 7. Appointment of head of Special Prosecutor's Office - Trump announced the nomination of Paul Ingrassia as the head of the US Special Prosecutor's Office.