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

date
24/07/2025
1. Consider abolishing capital gains tax on home sales - Trump said on Tuesday that he is considering eliminating the capital gains tax on home sales. "If the Fed lowers interest rates, we may not even have to do this," Trump told reporters in the Oval Office. "But we are considering exempting capital gains on real estate." 2. Calls for Justice Department to investigate Obama - Trump said, after intelligence agencies revealed that the Obama administration had falsified "Russia collusion" materials against Trump, that the Justice Department should target former President Obama directly. 3. Reaches trade agreement with Japan - Trump announced a trade agreement with Japan: tariffs of 15% + $55 billion in U.S. investments + opening of the automotive and agricultural markets. 4. Says will force foreign suppliers to lower drug prices - Trump said: We will lower drug prices, and if pharmaceutical companies do not reach an agreement, they will face many problems. Will use import restrictions to force foreign suppliers to lower drug prices. 5. Previews negotiations with the European Union - Following the announcement of a trade agreement with Japan, Trump stated that representatives from the European Union will engage in trade negotiations with the United States on Wednesday. Trump claimed, "Europe is coming tomorrow, and the day after that, there are other countries coming." 6. Reaches trade agreement with the Philippines - Trump: Agreed to a trade deal with the Philippines, with a 19% tariff on products from the Philippines. The Philippines will open its market to the United States, with zero tariffs. 7. Says Powell will soon be out, urges Fed to cut rates - Trump, referring to Powell, said: Anyway, he will soon be out. Powell has kept rates at too high a level. The economy is strong. Rates should be kept at 1%. Powell's policies are affecting the housing market. Rates should be lowered by 3 percentage points, or even lower. 8. Reveals details of trade agreement with Indonesia - Trump stated that Indonesia will sign a significant agreement to purchase Boeing aircraft, American agricultural products, and American energy. Additionally, Indonesia will open its market to U.S. industry and technology products, as well as agricultural products, by eliminating 99% of tariff barriers. Indonesia will also supply its valuable precious metal and key mineral resources to the United States. 9. Looking for new partners for "Golden Dome" system - Three sources disclosed that the Trump administration is seeking new partners to develop the "Golden Dome" missile defense system, with SpaceX's dominant role in the program under threat. 10. Claims significant victory in lawsuit against CBS and Paramount - Trump said on social media: We have just achieved a major victory in our historic lawsuit against "60 Minutes", CBS, and Paramount. They have already paid a settlement of $16 million today, and are expected to receive over $20 million in advertising, public service announcements, or similar program fees from their new owners, totaling over $36 million. This is another victory against fake news media, holding them accountable for widespread fraud and deception.