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

（2025-08-01）
1. Finalize new "reciprocal" tariffs: Specific rates range from 10% to 41%. Effective date postponed by 7 days - On Thursday evening local time, U.S. President Trump signed an executive order imposing tariffs ranging from 15% to 41% on goods exported to the U.S. from 67 trading partners, raising tariff levels to the highest point in over a century. However, the new tariffs will not take effect until August 7, instead of the previously scheduled August 1.

2. Condemn Canada for inaction and retaliatory actions by raising tariffs from 25% to 35%—On Thursday, U.S. President Trump signed an executive order to increase tariffs on all Canadian goods not covered by the USMCA from 25% to 35%. According to a White House briefing, goods rerouted to another country to evade the new tariffs will be subject to a 40% transshipment tax. The White House stated that the increase in tariffs is a result of Canada’s "continued inaction and retaliation."

3. Switzerland "strikes hard" announcing a 39% tariff - On Thursday evening local time, Trump signed an executive order imposing a 39% tariff on goods imported from Switzerland. This result is higher than the 31% tariff rate that Trump first threatened to impose in April.

4. Agree to extend the temporary agreement with Mexico for 90 days
—Trump said that the tariff agreement between the United States and Mexico will
Extended for 90 days, Mexico will continue to pay a 25% tariff on fentanyl, a 25% tariff on automobiles, and a 50% tariff on steel, aluminum, and copper.

5. Pressuring 17 global pharmaceutical giants to significantly reduce
U.S. Drug Prices - Trump sent a letter to the presidents of 17 major pharmaceutical companies, outlining how they should significantly reduce the prices of prescription drugs in the U.S. to match prices in other countries, and requested that the pharmaceutical companies make a binding commitment by September 29.

6. Criticizing Powell again for being unsuitable to serve as the Chair of the Federal Reserve.
— U.S. President Trump stated on social media:
"Mr. Jerome Powell is the same as always!!
He acted too late; he is too angry, too stupid, and too politicized to be suitable for the position of Federal Reserve Chairman.

7. U.S. Treasury Secretary expects the nomination for Federal Reserve Chair to be announced by the end of the year—U.S. Treasury Secretary Bessenet stated that he is compiling a list of candidates for the Federal Reserve Chair position, with two vacancies on the Federal Reserve Board. Bessenet will interview for the Federal Reserve position, and the nomination for Federal Reserve Chair is expected to be announced by the end of the year.

8. Increasing public pressure: US envoy visits Gaza to "witness famine" - US President Trump's envoy Steve Witteck will travel to Gaza on Friday with US Ambassador to Israel Mike Huckabee to verify the status of aid distribution and to initiate a new round of mediation for peace in Gaza.

9. Continue to pressure Russia, clearly stating that the Russia-Ukraine agreement must be in place.
Complete by August 8 - The US informed the United Nations Security Council,
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