Stocks Flux
  • Business
  • Politics
  • Latest news
  • World News
  • Business
  • Politics
  • Latest news
  • World News

Stocks Flux

Politics

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

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

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
FacebookTwitterGoogle +Pinterest
previous post
Banned chemicals found in American shampoo, sunscreen and tampons across major brands
next post
Cambodia to nominate Trump for Nobel Peace Prize for role in ending country’s conflict with Thailand

You may also like

Zelenskyy thanks NATO, European leaders for backing his...

August 11, 2025

As Trump’s bawdy birthday message to Jeffrey Epstein...

September 10, 2025

American history won’t be displayed ‘in a woke...

August 15, 2025

WH maintains Trump consistent in firm stance on...

June 18, 2025

DOGE says it’s referred dozens of potential voter...

May 1, 2025

Fox News gets inside look at Gaza humanitarian...

August 5, 2025

Fetterman, McCormick react to ‘astonishing’ Boulder attack on...

June 2, 2025

Sec Hegseth to visit Panama after Trump’s demands...

April 5, 2025

Mystery flights from China to Iran raise questions...

June 20, 2025

Thune torches Senate Dems for allowing ‘far-left’ lawmakers...

October 17, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


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

    Categories

    • Business (455)
    • Latest news (10)
    • Politics (2,398)
    • World News (1,369)
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Politics

    • Energy secretary reveals how US nuclear tests will work

      November 4, 2025
    • Senate Republicans plot longer-term funding bill as government shutdown continues

      November 4, 2025
    • Trump sends world’s most powerful warship to Latin America — historic echoes of regime change

      November 4, 2025
    August 2025
    M T W T F S S
     123
    45678910
    11121314151617
    18192021222324
    25262728293031
    « Jul   Sep »

    Copyright © 2025 stocksflux.com | All Rights Reserved