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The president said he’ll send a tariff letter to more than 150 countries. President Trump has already sent out about two dozen letters warning of higher tariff rates slated to take effect Aug. 1 if trading partners (like the EU, Japan, and South Korea) don’t reach new deals with the US, and he said yesterday that he plans to send a single letter to another 150 countries. Trump said the rate would be the same for all those countries, explaining, “They’re not big countries, and they don’t do that much business.” Trump said the tariff rate for those countries hadn’t been determined yet, but that it would probably be 10% or 15%.
Trump criticizes his supporters over “Epstein Hoax.” The Justice Department’s announcement that there is no “client list” to release from the late financier and convicted sex offender Jeffrey Epstein has rankled members of the president’s base base who expected a bombshell revelation, and yesterday, President Trump expressed frustration on Truth Social with his own supporters for not letting it go. The president posted, “My PAST supporters have bought into this ‘bullshit,’” calling them “weaklings” who were doing the Democrats’ work for them, and saying “I don’t want their support anymore!” The Epstein case has also reportedly led to a rift within the administration with Deputy FBI Director Dan Bongino taking issue with Attorney General Pam Bondi’s decision not to release more information.
Zuck expected to testify in $8b Facebook privacy trial. A trial kicked off yesterday in Delaware on claims against Meta’s leadership by shareholders stemming from the Cambridge Analytica scandal. Meta is not named in the suit—instead, it seeks reimbursement from the company’s leaders for a fine that Meta paid for violating a 2012 agreement with the FTC regarding user privacy. As the trial progresses, it’ll be something of a who’s who in tech: It’s expected to feature testimony not only from Meta CEO Mark Zuckerberg, but also from former Chief Operating Officer Sheryl Sandberg and board members past and present, including Marc Andreessen, Peter Thiel, and Reed Hastings, according to Reuters. It’s also expected to be a test for how Delaware courts handle claims against company directors since most cases like it get dismissed or settled.—AR
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