• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Economy

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

by August 3, 2025
by August 3, 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

0 comment
0
FacebookTwitterPinterestEmail

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

Related Posts

DAVID MARCUS: Ben Sasse is dying, but his...

December 28, 2025

Zelenskyy says fresh Russian attack on Ukraine shows...

December 28, 2025

Trump’s peace through strength in 2025: where wars...

December 28, 2025

Most shocking examples of Chinese espionage uncovered by...

December 28, 2025

Zelenskyy says Ukraine, ahead of Trump meeting, is...

December 28, 2025

2025 shockers: The biggest moments that rocked the...

December 28, 2025

Iranian president says his country is at ‘total...

December 28, 2025

2026 deadlines loom as Congress leaves DC with...

December 27, 2025

Israel FM accuses Palestinian Authority of aiding terror...

December 27, 2025

Trump casts Maduro’s ouster as ‘smart’ move as...

December 27, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Looking back at 2025: the $3.2 billion Fintech IPO comeback nobody predicted

    December 28, 2025
  • What US GDP report means for Fed’s rate decision in January

    December 28, 2025
  • Why Southwest emerged as the top US airline stock in 2025?

    December 28, 2025
  • Commerzbank anticipates wheat price recovery by end of 2026 on supply constraints

    December 28, 2025
  • Nvidia stock: how Groq deal removes the last remaining bear case

    December 28, 2025
  • From Walgreens to EA: 2025 marked a banner year for take-private deals

    December 28, 2025

Editors’ Picks

  • 1

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025
  • 2

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 5

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 6

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 7

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025

Categories

  • Economy (3,628)
  • Editor's Pick (374)
  • Investing (318)
  • Stock (2,450)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Thousands of USAID terminations to take effect...

April 8, 2025

What Shipping Containers Did for Trade, Stablecoins...

September 8, 2025

113 House Dems vote against GOP resolution...

June 10, 2025