Speaking from the White House briefing room on Friday, June 27, President Trump addressed a range of topics in a wide-ranging session with reporters. The event followed a week of escalating pressure on global trade talks, growing scrutiny over the Iran ceasefire, and a landmark Supreme Court decision on judicial power.
Tariffs, Trade, and New Threats
Trump began the briefing with a sharp message to foreign trade partners:
“For some nations ripping the US off, tariffs will go up.”
He reiterated his demand for a “full trade barrier drop” with India, saying trade letters would be sent within the next week and a half. He confirmed the US had already signed a rare-earth export agreement with China, and that talks with the EU were nearing final stages — possibly wrapping by July’s tariff deadline.
Treasury Secretary Scott Bessent later added that all three major trade deals — with India, China, and the EU — could be finalized by Labor Day.
“We’re realigning the global trade order,” Trump said. “And this time, it’s America first — and America fair.”
Trump also announced he is terminating all trade discussions with Canada, calling the country “very difficult to trade with” and accusing it of copying the EU’s digital services tax targeting American tech firms.
“We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven day period,” he warned.
Iran: “Sure, I’d Bomb Again”
When asked if he’d consider another strike on Iran, Trump didn’t flinch.
“Sure, absolutely,” he said. “If we see uranium enrichment restart, it’s on the table.”
He dismissed concerns that Iran had moved nuclear material ahead of the strike but acknowledged that US intelligence was still evaluating satellite imagery. Despite Democrats questioning the true damage done, Trump doubled down:
“We obliterated their program. They should be thankful Israel stopped [their attack].”
He added that he had considered lifting sanctions on Iran but no longer plans to.
Crypto: “Very Funny Thing… But Useful”
Surprisingly, Trump praised Bitcoin and crypto markets, saying they serve an important role:
“If we didn’t have crypto, China would. Bitcoin takes pressure off the dollar. It’s a very funny thing — but it helps.”
The statement raised eyebrows, given Trump’s past hostility toward digital currencies. But in today’s remarks, he signaled strategic utility, not just financial speculation.
Supreme Court Ruling: A Win for Executive Power
Trump also celebrated a major Supreme Court decision handed down Friday, in which the conservative majority limited the power of federal judges to issue nationwide injunctions.
“This is a monumental victory,” Trump said. “It puts power back where it belongs — with the president elected by the people.”
The ruling means federal judges can no longer block nationwide policies affecting all Americans unless plaintiffs are directly involved. Legal experts say this clears the way for Trump to roll out bolder executive actions, including the birthright citizenship order, without getting halted immediately by court challenges.
Liberal justices, including Sotomayor, blasted the decision. She warned it could “threaten constitutional order” by weakening judicial oversight.
What It All Means
Markets: Tariff negotiations with India, the EU, and China are reaching critical stages, while tensions with Canada have escalated sharply after Trump cut off trade talks. Any delay or breakdown in deals could rattle investor confidence, but successful agreements — or clarity on tariff paths — could boost key sectors like defense, rare-earths, agriculture, and tech.
Middle East: The risk of renewed US–Iran conflict remains on the table. Despite a ceasefire, uranium concerns could reignite tensions.
Crypto: Trump’s unexpected endorsement of Bitcoin as a dollar pressure valve could mark a shift in GOP policy toward digital assets.
Presidency vs. Courts: The Supreme Court ruling strengthens Trump’s ability to push policies without being blocked nationwide, reshaping the balance of power ahead of the 2026 election cycle.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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