PRESIDENT TRUMP on Monday introduced plans to slap hefty new tariffs on high U.S. commerce companions, though he is delaying their implementation to supply extra time for international locations to achieve offers with the U.S.

The president introduced new 25 p.c tariffs on Japan and South Korea that will go into effect Aug. 1.

“Please perceive this … is way lower than what is required to get rid of the Commerce Deficit disparity we’ve together with your Nation,” Trump wrote in a letter to each international locations.

The president, who has raged in opposition to Japan for failing to make a deal, warned that if both nation responded with its personal tariffs, the U.S. would improve its tariffs by the identical quantity.

“As you’re conscious, there shall be no Tariff if Korea, or firms inside your Nation, determine to construct or manufacture product inside the USA and, actually, we’ll do every part attainable to get approvals shortly, professionally, and routinely – in different phrases, in a matter of weeks,” Trump wrote to South Korea’s president.

White Home press secretary Karoline Leavitt stated 12 international locations will obtain their very own tariff letters Monday, which Trump shall be posting on his social media account. Extra letters are anticipated all through the week.

The brand new motion on tariffs comes days earlier than the unique July 9 deadline for international locations to achieve a cope with the U.S. or face new “Liberation Day” tariffs.

Thus far, the U.S. has solely introduced offers with the United Kingdom and Vietnam.

The “reciprocal” tariffs had been first introduced April 2 after which paused for 90 days.

With the pause set to run out, Leavitt stated Trump will signal an govt order on Monday afternoon delaying all “Liberation Day” tariffs till Aug. 1.

Nevertheless, Treasury Secretary Scott Bessent warned that international locations will see their tariff charges “boomerang again” on Aug. 1 to greater ranges than these introduced three months in the past in the event that they don’t make a deal sooner.

Additionally on Monday, Trump threatened to impose an extra 10 p.c tariff on international locations “aligning” themselves with the BRICS bloc of countries, together with Brazil, Russia, India, China, South Africa, Indonesia, Iran, Egypt, Ethiopia and the United Arab Emirates.

“Any Nation aligning themselves with the Anti-American insurance policies of BRICS, shall be charged an ADDITIONAL 10% Tariff,” Trump posted on social media. “There shall be no exceptions to this coverage. Thanks to your consideration to this matter!”

Members of the BRICS group issued a declaration over the weekend condemning U.S. tariffs and the strikes in opposition to Iran, though the assertion didn’t point out Trump particularly.

The financial system posted sturdy jobs numbers in June, and inflation has remained in test. Nevertheless, Federal Reserve chairman Jerome Powell has refused to chop rates of interest over fears of a coming worth shock because of uncertainty round Trump’s tariffs.

The foremost inventory market indices had been down about 1 p.c every in late afternoon buying and selling.

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• The Division of Homeland Safety announced Monday that it might rescind protections from deportation for Nicaragua and Honduras.

• A 27-year-old man with a rifle and tactical gear was killed Monday morning after ambushing regulation enforcement officers at a Border Patrol facility in McAllen, Texas.

• The Division of Justice concluded that Jeffrey Epstein killed himself and didn’t hold a consumer record, the division decided in a memo launched Monday alongside the FBI.

• The CIA admitted for the first time since President Kennedy’s assassination that an officer specializing in psychological warfare ran an operation that got here into contact with Lee Harvey Oswald earlier than the Dallas killing.

© AP Photograph/Julio Cortez

The Nationwide Climate Service (NWS) issued a new flash flood watch for central Texas by 7 p.m. native time Monday, as rescue and restoration efforts proceed after the lethal flash flood over the weekend.

“The state of affairs on the bottom stays harmful and there might be extra public security threats with potential incoming heavy rain,” White Home press secretary Karoline Leavitt stated Monday.

The Division of Homeland Safety (DHS) stated a minimum of 91 individuals are lifeless, together with 28 youngsters. The search is on for 41 people who find themselves known to be missing, together with 10 ladies from Camp Mystic.

The Christian camp launched an announcement Monday grieving the lack of 27 campers and counselors.

“We now have been in communication with native and state authorities who’re tirelessly deploying intensive sources to seek for our lacking ladies,” the assertion stated.

“We ask to your continued prayers, respect and privateness for every of our households affected. Could the Lord proceed to wrap His presence round all of us.”

President Trump signed a disaster declaration and stated he’ll go to Texas on Friday, if rescue and restoration efforts permit.

“Your entire Trump administration is working hand-in-glove with state and native officers to supply each help out there,” Leavitt stated.

Kerr County skilled about six months price of rain over the course of 4 hours Friday, inflicting the Guadalupe River to rise to the height of a two-story building.

A whole lot had been rescued by helicopter, a few of them “clinging to timber to avoid wasting their lives,” Texas Gov. Greg Abbott (R) stated.

Amid the grief, questions are rising in regards to the preparedness of the NWS and others tasked with stopping casualties from climate occasions.

“The truth that you’ve gotten ladies asleep of their cabins when the flood waters are rising, one thing went improper there,” Sen. Ted Cruz (R-Texas) said on Fox Information. “We’ve bought to repair that and have a greater system of warning to get children out of hurt’s approach.”

Rep. Chip Roy (R-Texas), whose district contains Kerr Nation, stated: “There’s going to be a variety of finger-pointing, a variety of second-guessing and Monday morning quarterbacking. There’s lots of people saying ‘why’ and ‘how,’ and I perceive that.”

Democrats are calling for an investigation into the attainable function of staffing cuts on the NWS.

Senate Minority Chief Chuck Schumer (D-Texas) despatched a letter to the appearing Inspector Basic on the Division of Commerce seeking an inquiry into “whether or not staffing shortages at key native NWS stations contributed to the catastrophic lack of life and property throughout the lethal flooding.”

The White Home is seething on the allegation, which has additionally been raised by some information retailers.

“Sadly, within the wake of this as soon as in a technology pure catastrophe, we’ve seen many falsehoods pushed by Democrats… and a few members of the media,” Leavitt stated. “Blaming President Trump for this flood is a wicked lie and it serves no goal throughout this time of nationwide mourning.”

Leavitt stated that NWS was adequately staffed and that some branches had been overstaffed, pointing to flash flood warnings that went out hours earlier than the climate occasion.

“The NWS did its job,” Leavitt stated.

Meteorologists have famous the uncommon mixture of parts, together with the ferocity of the in a single day surge, the tough Hill Nation terrain and the good variety of folks out in nature for the nationwide vacation.

DHS launched a thread on X saying the “mainstream media is intentionally mendacity in regards to the occasions main as much as the catastrophic flooding in Texas.”

“The Nationwide Climate Service executed well timed, exact forecasting and warnings, regardless of unprecedented rainfall overwhelming the area,” DHS stated, adding a detailed timeline of when warnings and alerts went out forward of the flash flood.

Trump stated there’s no proof to recommend staffing cuts had something to do with the tragedy, calling it “a horrible factor” that “occurred in seconds.”

“I might simply say this can be a 100-year disaster, and it’s simply so horrible for all,” Trump added.

Rep. Joaquin Castro (D-Texas) was asked on CNN about issues over NWS staffing: “I don’t need to sit right here and say conclusively that that was the case, however I do assume that it ought to be investigated.”

The Texas Tribune has an in depth look right here on the timeline of events.

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© AP Photograph/Mark Schiefelbein

President Trump will meet with Israeli Prime Minister Benjamin Netanyahu on the White Home this night to debate Gaza, Iran and commerce.

It’s Netanyahu’s third go to to the White Home to this point this yr, and the primary because the joint U.S.-Israeli strikes in opposition to Iran’s nuclear program and army infrastructure.

Israel despatched a negotiating crew to Qatar on Sunday for “proximity talks” with Hamas a couple of potential ceasefire in Gaza, though either side have rejected proposed to adjustments to an preliminary framework.

Steve Witkoff, Trump’s particular envoy to the Center East, will journey to Qatar this week to take part in these negotiations.

“The utmost precedence for the president proper now within the Center East is to finish the battle in Gaza and to return all the hostages,” White Home press secretary Karoline Leavitt stated.

Trump stated over the weekend he’s “very optimistic” the 2 sides will obtain a deal this week.

MEANWHILE…

Russia and Ukraine proceed to change drone strikes, with no peace deal in sight.

Trump stated over the weekend he was “very dissatisfied” after a telephone name with Russian President Vladimir Putin.

“I don’t assume he’s there but,” Trump said.

Trump additionally spoke with Ukrainian President Volodymyr Zelensky, who described their dialog as “very important and fruitful,” regardless of the U.S. pausing some shipments of artillery and munitions.

“We’ve given so many weapons,” Trump said, including that “we’re working with them and making an attempt to assist them.”

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President Trump and Elon Musk are at it again after the world’s richest man introduced the launch of his “America Celebration,” geared toward giving voters an choice apart from Republicans or Democrats.

“In the case of bankrupting our nation with waste & graft, we stay in a one-party system, not a democracy,” Musk posted on X. “As we speak, the America Celebration is fashioned to provide you again your freedom.”

Trump fired again over Fact Social:

“I’m saddened to observe Elon Musk go fully ‘off the rails,’ basically changing into a TRAIN WRECK over the previous 5 weeks,” Trump said.

“He even needs to begin a Third Political Celebration, even if they’ve by no means succeeded in the USA – The System appears not designed for them,” he added. “The one factor Third Events are good for is the creation of Full and Whole DISRUPTION & CHAOS, and we’ve sufficient of that with the Radical Left Democrats, who’ve misplaced their confidence and their minds!”

Musk has been battling Trump since leaving his submit as a particular adviser overseeing the Division of Authorities Effectivity (DOGE). Musk has seethed over the Trump agenda invoice, which was signed into regulation on July 4, characterizing it as a boondoggle that will increase the nationwide deficit by wasteful spending.

The billionaire has promised to back primary challenges in opposition to all of the Republicans who voted for it, whereas Trump has stated he’ll goal some subsidies utilized by Musk’s firms, together with by Tesla.

Tesla’s inventory fell sharply Monday.

Musk, in the meantime, trolled Trump after the FBI and Division of Justice concluded there isn’t any proof that convicted intercourse offender Jeffrey Epstein had stored a “client list” to blackmail highly effective figures.

“That is the ultimate straw,” Musk responded to a submit knocking the Trump administration for its dealing with of knowledge pertaining to the Epstein case.

Musk had beforehand alleged that Trump sought to maintain the alleged consumer record personal as a result of he was complicit in Epstein’s crimes.

ELSEWHERE…

• Democrats plan to place the Trump agenda invoice entrance and middle of their quest to reclaim the Home and Senate throughout the 2026 midterm elections.

Former Chicago Mayor Rahm Emanuel (D), who’s contemplating working for president, stated Democrats can be “fools” in the event that they didn’t make the invoice “the centerpiece” of their 2026 messaging.

Democratic political strategist James Carville predicted the invoice can be a “mass extinction event” for Republicans looking for reelection.

The White Home dismissed the invoice’s critics as “doom-mongering.”

• Retiring Rep. Don Bacon (R-Neb.), a centrist representing a blue district, is open to a potential presidential run.

• Kentucky Gov. Andy Beshear (D) is considering running for president in 2028, saying he’s involved about future generations dwelling in a “damaged nation.” Beshear stated he wants to think about if he’s the precise particular person to “carry folks again collectively.”

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