1. Proposed cancellation of Harvard University's tax-exempt status
——US President Trump said that Harvard University's tax-exempt status will be cancelled. Harvard University responded: This action has no legal basis. If this method is used on more universities, it will have serious consequences for the future of higher education in the United States.
2. Call for interest rate cuts
——After the release of the non-agricultural report, Trump posted that gasoline prices have just fallen below $1.98 per gallon, the lowest level in many years, grocery prices have fallen, energy prices have fallen, mortgage rates have fallen, employment is strong, and there is more good news. Tariffs have brought in billions of dollars in revenue. Like I said, we are only in the transition phase and have just begun! ! Consumers have been waiting for prices to fall for many years. Without inflation, the Federal Reserve should lower interest rates! !
3. Canadian Prime Minister will go to the United States to meet with Trump next week
——Canadian Prime Minister Carney said that he will go to the White House next Tuesday (6th) to meet with US President Trump. The focus of the meeting will be the current trade pressure and the "broader future economic and security relationship" between Canada and the United States.
4. Announcement of the 2026 budget
- On May 2, local time, the Trump administration said in a statement that it would cut federal spending by $163 billion next year. The White House Office of Management and Budget said that compared with the level set in 2025, the proposed budget would increase defense spending by 13%, increase homeland security spending by nearly 65%, and cut non-defense discretionary spending by 23%, to the lowest level since 2017. In addition, the White House proposed a budget of $1.7 trillion for fiscal year 2026, a 7.6% decrease from the previous year. White House officials said the proposed budget for fiscal year 2026 contains the lowest non-defense spending since 2000.
5. Trying to squeeze drugmakers' revenue to pay for tax cuts
- According to foreign media reports, US President Trump has set his sights on the pharmaceutical industry, hoping that the pharmaceutical industry will bear part of the cost of tax cuts and urging congressional Republicans to force drugmakers to accept price cuts for prescription drugs covered by the Medicaid program.
6. Putting pressure on Mexico
-Trump and Mexican President Sheinbaum have been arguing over drug cartels, and Trump is pressuring Mexico to allow the United States to get more deeply involved in fighting drug cartels. In addition, Trump and Sheinbaum discussed the issue of the US military in a call on April 16.
7. Posting an AI-synthesized "Pope Photo"
-US President Trump posted an apparently AI-processed photo on "Truth Social" in which he is wearing the Pope's white robe. The post was forwarded by the official account of White House X. Earlier this week, when asked about his preferred candidate for the new Pope, Trump laughed and said, "I want to be the Pope," and added that New York Archbishop Dolan "is also suitable."
