实时更新：参议院确认前特朗普律师埃米尔·博夫（Emil Bove）进行法官；赫格斯讨论政治竞争

Trump says India imports will face 25% tariff, 'plus a penalty,' on Friday

Trump said in a post to Truth Social that he would not extend the Friday deadline, when steep tariff rates on many imports are expected to snap into place.

"The August first deadline is the August first deadline — it stands strong, and will not be extended. A big day for America!!!" Trump wrote in all-capital letters.

U.S. trade officials will also discuss with Trump whether to extend a pause on high tariffs on Chinese imports, according to U.S. Trade Rep. Jamieson Greer, who was in talks this week with Chinese counterparts.

Greer said yesterday that extending the pause was "under discussion," but that Trump would ultimately make the decision. Higher tariffs on goods traded between the U.S. and China will return unless the two sides come to another agreement by Aug. 12.

The International Monetary Fund raised its global growth forecasts for 2025 and 2026 slightly yesterday, citing stronger-than-expected purchases ahead of an Aug. 1 jump in U.S. tariffs and a drop in the effective U.S. tariff rate to 17.3% from 24.4%.

It warned, however, that the global economy faced major risks including a potential rebound in tariff rates, geopolitical tensions and larger fiscal deficits that could drive up interest rates and tighten global financial conditions.

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Shannon Pettypiece, Rob Wile, Steve Kopack and Brian Cheung

The Federal Reserve has so far resisted Trump’s aggressive pressure campaign to throw inflation concerns out and attempt to boost the U.S. economy with lower interest rates.

That’s expected to continue today, as the central bank is expected to leave interest rates unchanged. If so, that’s likely to annoy Trump, who is already reshaping the global economy with his tariffs.

Read the full story here.

Trump said convicted sex offender Jeffrey Epstein “stole” Virginia Giuffre from his Mar-a-Lago club, a stunning admission that could increase scrutiny of his relationship with the late financier — even as his administration seeks to change the subject from Epstein.

Trump was speaking to reporters yesterday afternoon when he was asked about his comments over the weekend about a falling-out with Epstein because the financier took employees from his business.

Read the full story here.

Gordon Lubold, Courtney Kube, Bridget Bowman and Julie Tsirkin

Defense Secretary Pete Hegseth has privately discussed the idea of running for political office next year in Tennessee, according to two people who have spoken directly with him about it.

If Hegseth were to follow through on the discussions, it would amount to a major leadership shake-up at the department that oversees the American military and millions of federal employees. The Defense Department bars civilian employees from running for political office, meaning Hegseth would have to resign to do so.

Read the full story here.

Sahil Kapur and Frank Thorp V

The Republican-led Senate voted last night to confirm Emil Bove as a judge on the 3rd U.S. Circuit Court of Appeals, granting a lifetime appointment to Trump‘s former personal lawyer.

He was confirmed 50-49, with only Republican votes, as they set aside allegations from three whistleblowers about the conduct of Bove, a Justice Department official, which include accusations that he flouted laws and Justice Department procedures.

Read the full story here.

Trump started his second term with one huge difference compared with his first term: Polls regularly showed majorities of Americans approving of his handling of immigration. In fact, it was his best issue, whereas it had been one of his least popular before.

Six months into his second term, it’s still among his best issues, but it’s no longer as popular. There has been a clear decline in support for Trump’s handling of immigration, with his approval rating dropping across a handful of prominent polls.

Read the full story here.