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

date
19/07/2025
1. Trump posted that high interest rates are strangling the housing market, and rates should be lowered to 1%. Powell and the Fed are strangling the real estate market with high rates, making it difficult for people, especially young people, to buy homes. We should aim for a 1% interest rate level. 2. Trump is suing media mogul Murdoch and Wall Street Journal reporters. President Trump has filed a defamation lawsuit against News Corporation, Dow Jones & Company, media mogul Rupert Murdoch, and two Wall Street Journal reporters. Trump accuses the Wall Street Journal of publishing "forged letters" to Epstein and is seeking at least $10 billion in damages. 3. Five fighter jets were shot down during the Indo-Pak conflict. US President Trump said, "There could have been five fighter jets shot down during the Indo-Pak conflict this spring." He did not specify which side the planes were from but claimed, "Planes were actually shot down, four or five, I believe five." 4. Seeking minimum tariffs of 15-20% on all EU goods. According to the Financial Times, sources revealed that Trump has raised his demands in trade negotiations with the EU, hoping to maintain tariffs on EU goods at a minimum of 15-20% in any agreement reached. 5. Officially signs the "Genius Act". US President Trump officially signed the "Guidance and Establishment of the US Stablecoin National Innovation Act" at the White House, marking the implementation phase of US stablecoin regulation legislation. In addition, he pledged to never allow the creation of a central bank digital currency in the US. 6. Likes that "The Colbert Late Show" will be canceled. CBS announced on Thursday that "Stephen Colbert Late Show" will end in May 2026, fans and the entire entertainment industry are shocked. Trump warmly welcomed this news, saying that the talent of the long-time host of the show is not even as good as his ratings. 7. House of Representatives passes the Defense Appropriations Act for fiscal year 2026. On July 18th local time, the US House of Representatives passed the Defense Appropriations Act for fiscal year 2026 with 221 votes in favor and 209 votes against, totaling approximately $832 billion. The bill includes strengthening missile defense, increasing weapons procurement and research funding, and allocating funds for the development of the "Golden Dome" space-based missile defense system proposed by President Trump. 8. New rule in the US: Non-immigrant visa applicants need to pay "Visa Integrity Fee". On July 18th local time, the US will levy a "Visa Integrity Fee" of $250 on tourists, students, and business people applying for non-immigrant visas. This provision is part of the "Bigger and Better" law signed by Trump, and the fee will be adjusted for inflation starting in 2026.