Summary
President Trump ordered a 25% tax on goods coming from Japan and South Korea due to trade imbalances but delayed other tariff increases until August 1. Meanwhile, he plans to visit Texas, where over 100 people have died in severe flooding, sparking concerns about previous cuts to weather and emergency response services.
Key Facts
- President Trump delayed some tariff increases until August 1.
- A 25% tax is now applied to goods imported from Japan and South Korea.
- The U.S. cites trade imbalances with Japan and South Korea as reasons for this tax.
- Trump is holding his first Cabinet meeting since April.
- Over 100 people have died in recent floods in Texas.
- There are concerns about Trump's cuts to the National Weather Service and FEMA.
- Texas is experiencing one of its largest rescue operations in history.
- Trump's visit to the flood-affected areas in Texas is scheduled for Friday.
