• Editor’s Pick
  • Investing
  • Economy
  • Stock
  • Politics
Income Researchers
EconomyEditor's Pick

Trump closes week with plans to reposition subs amid heightened Russia tension, new tariffs

by August 2, 2025
August 2, 2025

President Donald Trump wrapped up his second term’s 28th week in office announcing he would reposition two nuclear submarines amid increased tension with Russia, after just adding new tariffs to a host of countries. 

On Monday, Trump unveiled a new deadline for Russia to end its conflict with Ukraine, and former Russian President Dmitry Medvedev said the announcement is an additional ‘step towards war.’ 

In response, Trump made a rare announcement Friday that he would reposition two submarines to best respond to the escalated tension between the two countries. 

‘Based on the highly provocative statements of the Former President of Russia, Dmitry Medvedev, who is now the Deputy Chairman of the Security Council of the Russian Federation, I have ordered two Nuclear Submarines to be positioned in the appropriate regions, just in case these foolish and inflammatory statements are more than just that,’ Trump said in a Friday post on Truth Social. 

Trump did not disclose any additional details regarding the submarines, and defense officials rarely comment on submarine placement given the highly classified nature of their operations. 

Here’s what also happened this week:

New tariffs

Trump also signed several executive orders Thursday related to tariffs, including raising the tariffs on Canada from 25% to 35%. 

The president raised the tariff rate due to Canada’s contribution to the flow of fentanyl and other illicit drugs into the U.S., according to the Trump administration. However, Canada’s Prime Minister Mark Carney challenged that assessment. 

‘Canada accounts for only 1% of U.S. fentanyl imports and has been working intensively to further reduce these volumes,’ Carney said in a Friday statement.  

Trump also modified reciprocal tariffs on a series of countries Thursday, bumping up the tariff rate on Brazil to 50%. 

Meanwhile, Trump reached a trade deal on Thursday with South Korea, driving down tariffs against South Korea from 25% as pitched in the spring to 15%. Additionally, Trump agreed Thursday to continue trade talks with Mexico for another 90 days. 

Veterans housing legislation

Trump also signed the VA Home Loan Program Reform Act into law Wednesday, which would make permanent a partial claims program that seeks to keep veterans from losing their homes to foreclosure. 

The new partial claims program under the Department of Veterans’ Affairs’ (VA) Home Loan Program permits veterans who are behind on mortgage payments to tack on those payments to the tail end of their loans, while also offering them an interest-free loan in the interim. 

 

‘This legislation provides desperately needed relief to veterans and their families who have fallen behind in their mortgages,’ Trump told reporters Wednesday. ‘It’s a really sort of an amazing situation, and it helps keep our promise to end veterans homelessness. And, we’re going to do that for America. We’re going to do that for our great veterans.’

Estimates suggest the partial claim program could assist up to 3.7 million veterans, according to Trump. 

‘It’s common sense legislation,’ Trump said. ‘My administration is committed to doing everything possible to ensure that our veterans are treated with respect and treated as well as anybody in this country.’

This post appeared first on FOX NEWS
previous post
BROADCAST BIAS: ABC compares Sydney Sweeney ad to Nazis as networks go nuts about her ‘genes’
next post
Trump 1.0 alums share chilling Google message from before second-term return: ‘LAWFARE at its finest’

Related Posts

Trump 1.0 alums share chilling Google message from...

August 2, 2025

BROADCAST BIAS: ABC compares Sydney Sweeney ad to...

August 2, 2025

Inside the Biden cover-up probe: 8 aides questioned,...

August 2, 2025

Cambodia to nominate Trump for Nobel Peace Prize...

August 2, 2025

Iran says it has ‘plenty of scientists’ left...

August 1, 2025

Recess on ice as Republicans hunker down for...

August 1, 2025

Trump moves nuclear submarines weeks after praising sub’s...

August 1, 2025

WATCH: Trump says he is hopeful Hillary Clinton...

August 1, 2025

Trump endorses ‘MAGA warrior’ for RNC chairman after...

August 1, 2025

Trump repositions 2 nuclear submarines after ‘highly provocative’...

August 1, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Trump 1.0 alums share chilling Google message from before second-term return: ‘LAWFARE at its finest’

      August 2, 2025
    • Trump closes week with plans to reposition subs amid heightened Russia tension, new tariffs

      August 2, 2025
    • BROADCAST BIAS: ABC compares Sydney Sweeney ad to Nazis as networks go nuts about her ‘genes’

      August 2, 2025
    • Inside the Biden cover-up probe: 8 aides questioned, more on the way

      August 2, 2025
    • Cambodia to nominate Trump for Nobel Peace Prize for role in ending country’s conflict with Thailand

      August 2, 2025

    Archives

    • August 2025 (36)
    • July 2025 (790)
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 incomeresearchers.com | All Rights Reserved

    Income Researchers
    • Editor’s Pick
    • Investing
    • Economy
    • Stock
    • Politics

    Read alsox

    Inside Biden confidante Steve Ricchetti’s ‘combative’ eight-hour grilling...

    July 31, 2025

    SCOTUS to discuss Ghislaine Maxwell’s case privately in...

    July 30, 2025

    State Department investigating Rubio AI impersonator who contacted...

    July 9, 2025