Donald Trump's tariff announcements and market response

Donald Trump celebrates "win" at golf championship while markets face historic sell-offs in response to his tariff announcements. He defends tariffs as necessary 'medicine' and claims world leaders and tech leaders are willing to renegotiate.

Federal Reserve interest rates and market response

Former U.S. Treasury Secretary Lawrence Summers suggests that the Federal Reserve may need to consider raising interest rates instead of cutting them due to unexpected inflation. Traders are now less confident in a rate cut in June, leading to a market sell-off. Trump Media faces challenges with its Truth Social platform.