Trump touts numbers from Heritage Foundation economist

Tariffs and Trade Relations - The US imposed new tariffs, raising import taxes to the highest level since the Great Depression [1] - Japan claims the US overcharged tariffs and promised to refund overcharged companies [1] - Switzerland held an emergency meeting due to high tariff rates after unsuccessful negotiations with the US [1] - India and Brazil discussed boosting bilateral trade in response to the new US tariffs [1] - Some countries are deepening non-US trade relationships as a solution to over-reliance on the US market [1] - The EU and the UK are cutting deals aggressively in response to the tariffs [1] Economic Data and Presidential Approval - An economist at the Heritage Foundation found that the Bureau of Labor Statistics (BLS) overestimated job creation by 15 million (15%) jobs during the Biden administration [1] - The average median household income adjusted for inflation increased by $1,174 in the first five months of the current administration [1] - A CNBC survey indicates that 51% of respondents disapprove of the job the president is doing, while 45% approve of his handling of the economy [1] Federal Reserve and Economic Policy - The administration is considering Steven Miran for a position at the Federal Reserve, who advocates for a weaker dollar and stronger trade controls [3] Corporate Intervention - The president called for the CEO of Intel to resign over alleged ties to China, causing Intel's shares to fall by 3% [4][5] - The intervention in Intel's affairs is seen as disturbing and creating uncertainty for executives [10][11]