President Trump announced new tariffs, including a 10% minimum tariff for all countries and higher rates for those with significant trade deficits. He claims these tariffs provide leverage for negotiations, suggesting he's open to reducing them in exchange for favorable deals.
The announcement caused a significant drop in US stock markets, totaling $3.1 trillion in lost value. Trump attributed this to a necessary 'operation' on a previously ailing economy, predicting a future economic boom.
Trump addressed Elon Musk's involvement in the administration, stating Musk will eventually return to his businesses full-time. Additionally, Trump unveiled a 'Trump Card,' a $5 million gold card offering expedited residency and citizenship to high-net-worth individuals, replacing the existing EB-5 visa program.