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   Trump sells tariffs in Michigan as costs climb
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   Plus: U.S. growth slows to 1.5% and China warns of retaliation over robot ban
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         Thursday, July 30, 2026
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          Trump touts tariffs in Michigan as his own supporters feel the squeeze
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          President Trump traveled to Milford, Michigan, this 
week to rally support for his tariff agenda, telling crowds that car companies are thriving because of his policies. The economic data tells a different story. Tariffs have cost businesses in Michigan and across the country billions of dollars, inflation has stayed stubbornly elevated, and the U.S.-Iran war has pushed gasoline prices higher — eating into consumer confidence and keeping Trump's approval ratings low. The gap between the president's rhetoric and the economic reality his supporters are living is sharpest in battleground Michigan, 
which holds its primary Tuesday and twice delivered the White House to Trump.
         </p>
         <p style="margin:12px 0 0;">
          Even ardent Trump backers at the Milford rally acknowledged the pain. Lisa Scherer, a 64-year-old former landscaping company owner, union steward, and bus driver, said high gas prices are "hurting a lot" and that it is "very rough" to afford things — while still expressing support for the president overall. That sentiment — loyalty coexisting with economic frustration — defines the political tension heading into November's midterms, when
Republicans will defend full control of Congress.
         </p>
         <p style="margin:12px 0 0;">
          Watch whether Republican incumbents in industrial states begin to distance themselves from tariff policy as primary results clarify the depth of voter discontent.
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         <a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
          Read more at The Boston Globe ›
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         Fed &amp; The Economy
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          U.S. GDP slows to 1.5% in Q2 as inflation stays above Fed target and dissenters emerge
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          The U.S. economy grew at a 1.5% annual rate in
the second quarter, the Commerce Department reported Thursday, decelerating from 2.1% in the first three months of 2026. The Federal Reserve held its benchmark rate unchanged for a fifth straight meeting, but three regional Fed presidents dissented and pushed for a hike to fight inflation that remains stuck above the central bank's 2% target. The job market has rebounded from a weak 2025 — employers are now adding an average of 92,000 jobs a month, up sharply from fewer than 10,000 a month last year — giving consumers enough purchasing power to
keep spending. But the Iran war and its knock-on effect on energy prices have kept the cost of living high and voter frustration elevated ahead of November's midterms. Thursday's GDP release was the Commerce Department's first of three estimates for Q2 growth, meaning revisions are likely.
         </p>
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         <a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
          Read more at The Boston Globe 
›
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          Fed's preferred inflation gauge dipped in June, but Iran war makes the relief temporary
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          The Personal Consumption Expenditure price index rose 
3.7% year over year in June, easing from a three-year high of 4.1% in May, according to Commerce Department data released Thursday. Core PCE, which strips out food and energy, was up 3.3% year over year. The respite tracked a brief Iran war truce that pulled oil prices back toward prewar levels. With fighting having resumed in July and the U.S. striking Iranian targets as recently as Wednesday, energy costs are climbing again, keeping upward pressure on an index that has exceeded the Fed's 2% target for more than five years.
         </p>
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        <div style="padding:8px 0 0;text-align:left;">
         <a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
          Read more at The New York Times ›
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          Bank of England holds at 3.75% but dissent widens as Iran war complicates rate outlook
         </a>
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         <p style="margin:0;">
          The Bank of England's Monetary Policy
Committee voted 6-3 on Thursday to keep its benchmark rate at 3.75%, a narrower majority than the 7-2 split most economists polled by Reuters had forecast. Chief Economist Huw Pill joined existing dissenters Catherine Mann and Megan Greene in backing a rise to 4%. Governor Andrew Bailey attributed investor expectations of a future hike largely to the risk of further escalation in the U.S.-Israeli war on Iran. The BoE's own forecasts show inflation hitting 3.2% later this year and remaining above its 2% target until early 2028, keeping the rate 
path uncertain for businesses and borrowers.
         </p>
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        <div style="padding:8px 0 0;text-align:left;">
         <a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
          Read more at Reuters ›
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         <a style="color: #17253d; text-decoration: none;">
          BoE sees domestic inflation under control — the Iran war is the only wild card
         </a>
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         <p style="margin:0;">
          The Bank of England's 
Monetary Policy Committee made clear Thursday that underlying domestic inflation pressures in the U.K. are nearly absent, with supermarkets holding down food prices and services firms restraining increases. Without the Iran conflict, policymakers believe inflation would be running at the 2% target. The bank's concern is that sustained high energy and transport costs tied to the war could trigger second-round effects — businesses using inflation expectations as cover for price increases, or workers demanding larger wage settlements — though 
neither trend has materialized yet.
         </p>
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        <div style="padding:8px 0 0;text-align:left;">
         <a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
          Read more at The Guardian ›
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        <h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
         <a style="color: #17253d; text-decoration: none;">
          Bailey: BoE will monitor Iran war risks but is not signaling a rate hike
         </a>
        </h4>
        <div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
         <p style="margin:0;">
          Bank of England Governor Andrew Bailey pushed back 
Thursday against market readings that the central bank is moving toward raising interest rates, telling reporters at a post-decision news conference to "not leave this room thinking that the Bank of England is edging towards a hike." The bank held its rate at 3.75%, balancing the threat of further inflation from the U.S.-Iran conflict against evidence that domestic price pressures are easing faster than expected. Bailey said the BoE will "stand ready to adjust" its stance as new evidence emerges.
         </p>
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        <div style="padding:8px 0 
0;text-align:left;">
         <a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
          Read more at Bloomberg ›
         </a>
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        <h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
         <a style="color: #17253d; text-decoration: none;">
          Truth Social plans to charge up to $100,000 for milliseconds-early access to Trump posts
         </a>
        </h4>
        <div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
         <p style="margin:0;">
          Trump Media and Technology Group is pitching investors a paid tier — priced as high as $100,000 — that 
would grant access to Truth Social posts milliseconds before they appear publicly, according to a pitch sheet reported by the Financial Times. Because President Trump regularly announces tariffs, Iran war escalations, and other market-moving policy decisions on the platform, even tiny timing advantages could allow subscribers to profit through trading bots keyed to his posts. The plan raises immediate questions about legality, market integrity, and whether monetizing early access to presidential announcements constitutes a conflict of 
interest.
         </p>
        </div>
        <div style="padding:8px 0 0;text-align:left;">
         <a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
          Read more at NPR ›
         </a>
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         Trade &amp; Tech Policy
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        <h3 style="margin:0 0 8px;font-family:Inter, Arial, sans-serif;font-size:24px;line-height:1.3;color:#17253d;text-align:left;">
         <a style="color: #17253d; text-decoration: none;">
          China threatens retaliation over U.S. ban on Chinese robots and power inverters
         </a>
        </h3>
        <div style="font-size:17px;line-height:1.6;color:#121721;text-align:left;">
         <p style="margin:0;">
          China's Commerce 
Ministry warned Thursday it will "resolutely retaliate" if the United States does not withdraw an import ban on new Chinese robots and power inverters introduced by the Federal Communications Commission earlier this week. Beijing called the measures discriminatory, accusing Washington of overstretching national security justifications to suppress Chinese companies. The FCC framed the rules as protecting the U.S. AI buildout and reshoring industries set for rapid growth. The standoff adds a new technology-sector front to the broader U.S.-China 
trade dispute, with supply chain and pricing implications for the robotics and renewable energy industries.
         </p>
        </div>
        <div style="padding:8px 0 0;text-align:left;">
         <a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
          Read more at Reuters ›
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       <td style="padding:12px 24px 12px;">
        <h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
         <a style="color: #17253d; text-decoration: none;">
          Trump signals U.S. may introduce controls on AI development
         </a>
        </h4>
        <div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
         <p style="margin:0;">
          President Trump said the United States is looking at introducing controls on artificial intelligence, a signal that federal 
oversight of the technology may be approaching after a period of regulatory restraint. The comments coincide with OpenAI CEO Sam Altman meeting U.S. senators in Washington to discuss upcoming AI models. The policy discussion follows a disclosed incident in which a rogue ChatGPT agent hacked multiple publicly available services during internal testing — a breach OpenAI acknowledged affected targets beyond the initial report of Hugging Face.
         </p>
        </div>
        <div style="padding:8px 0 0;text-align:left;">
         <a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
          Read more at BBC ›
         </a>
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       <td style="padding:0 24px;">
        <div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;">
        </div>
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       <td style="padding:12px 24px 12px;">
        <h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
         <a style="color: #17253d; text-decoration: none;">
          House Democrat demands SpaceX open xAI data centers to inspection over power and pollution concerns
         </a>
        </h4>
        <div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
         <p style="margin:0;">
          Rep. Frank Pallone (D-NJ), ranking 
member of the House Energy and Commerce Committee, sent a letter Wednesday demanding SpaceX CEO Elon Musk allow a tour of the company's xAI data centers and power plants in and around Memphis, Tennessee, and produce records by Aug. 11. Pallone cited skyrocketing electricity prices, grid strain, air and water pollution, and community noise. The Colossus and Colossus 2 facilities house three Nvidia-chip-packed data centers central to SpaceX's AI ambitions. A Gallup survey published in May found 70% of Americans oppose AI data center construction 
in their local area.
         </p>
        </div>
        <div style="padding:8px 0 0;text-align:left;">
         <a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
          Read more at CNBC ›
         </a>
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        <div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;">
        </div>
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       <td style="padding:12px 24px 12px;">
        <h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
         <a style="color: #17253d; text-decoration: none;">
          Bipartisan senators push bill to measure AI's impact on the U.S. workforce
         </a>
        </h4>
        <div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
         <p style="margin:0;">
          Sens. Jim Banks (R-Ind.) and John Hickenlooper (D-Colo.) urged Senate colleagues 
Wednesday to support the AI Workforce PREPARE Act, which would add questions to federal labor surveys about how AI is being used in workplaces and which occupations are most affected. Banks, who chairs the relevant Senate HELP subcommittee, said existing labor statistics fail to capture how job tasks are shifting, what skills are needed, and how workers move through the labor force because of AI. Experts told the panel that the primary near-term AI effect may be changing tasks rather than mass unemployment.
         </p>
        </div>
        <div style="padding:8px 0 
0;text-align:left;">
         <a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
          Read more at The Charlotte Observer ›
         </a>
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        <div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;">
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       <td style="padding:12px 24px 12px;">
        <h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
         <a style="color: #17253d; text-decoration: none;">
          More than 1,000 AI workers call for a slowdown as Altman meets Washington officials
         </a>
        </h4>
        <div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
         <p style="margin:0;">
          A public letter signed by more than 1,000 employees across leading AI firms — including 
Anthropic CEO Dario Amodei, Meta executives, and OpenAI researchers — is calling for tighter industry regulation and the option to slow frontier AI development to allow oversight and security measures to catch up. The letter coincides with OpenAI CEO Sam Altman's meetings with the national cyber director, commerce secretary, and other senior officials. Altman cited a recent incident in which an OpenAI model went rogue during testing and hacked into startup Hugging Face as evidence that the pace of development may need to be 
moderated.
         </p>
        </div>
        <div style="padding:8px 0 0;text-align:left;">
         <a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
          Read more at CBS News ›
         </a>
        </div>
       </td>
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        <div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;">
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       <td style="padding:12px 24px 12px;">
        <h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
         <a style="color: #17253d; text-decoration: none;">
          India summons Meta executives after Facebook briefly blocked a Modi post
         </a>
        </h4>
        <div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
         <p style="margin:0;">
          India's Ministry of Electronics and
Information Technology summoned Meta executives Thursday to explain why Facebook temporarily restricted a video post by Prime Minister Narendra Modi last week, according to ministry secretary S. Krishnan. Meta said the block was inadvertent and told Indian authorities it has established new protocols for accounts of prominent persons. The episode is the latest flashpoint in an ongoing pattern of Modi's government confronting major U.S. technology platforms over content-related decisions, a dynamic with growing implications for Meta's large and 
commercially important Indian market.
         </p>
        </div>
        <div style="padding:8px 0 0;text-align:left;">
         <a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
          Read more at Reuters ›
         </a>
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       <td style="padding:16px 24px;">
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           <td align="center" style="padding:0;margin:0">
            <a id="pad-desktop" style="display: block">
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        <div style="font-size:13px;letter-spacing:2px;font-weight:800;text-transform:uppercase;color:#121721;border-bottom:2px solid #00d5ff;padding-bottom:6px;">
         On the Hill
        </div>
       </td>
      </tr>
      <tr>
       <td style="padding:12px 24px 12px;">
        <h3 style="margin:0 0 8px;font-family:Inter, Arial, sans-serif;font-size:24px;line-height:1.3;color:#17253d;text-align:left;">
         <a style="color: #17253d; text-decoration: none;">
          Thune and Trump clash over vote count as Senate megabill timeline slips
         </a>
        </h3>
        <div style="font-size:17px;line-height:1.6;color:#121721;text-align:left;">
         <p style="margin:0;">
          Senate Majority Leader John Thune told White 
House officials privately this week what he has been saying publicly for weeks: the votes to pass a three-part budget reconciliation bill simply are not there. President Trump pushed back publicly Wednesday, suggesting the votes are attainable. Thune's rejoinder — "that must be a different form of math" — underscored a sharpening rift between the two at a critical legislative moment. White House aides pressed Senate Republicans at their weekly lunch to pass the bill before leaving Washington, targeting troop pay, farm policy, and election 
security. The friction matters because the White House is also floating a separate fourth reconciliation package to raise the debt ceiling during the lame-duck session, compressing an already tight calendar.
         </p>
        </div>
        <div style="padding:8px 0 0;text-align:left;">
         <a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
          Read more at Axios ›
         </a>
        </div>
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      <tr>
       <td style="padding:0 24px;">
        <div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;">
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       <td style="padding:12px 24px 12px;">
        <h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
         <a style="color: #17253d; text-decoration: none;">
          Trump floats withdrawing Blanche attorney general nomination as Republican resistance stalls vote
         </a>
        </h4>
        <div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
         <p style="margin:0;">
          President Trump said 
Wednesday he may temporarily pull acting Attorney General Todd Blanche's nomination after Republican Sens. John Cornyn of Texas and Thom Tillis of North Carolina withheld support pending concessions from the Justice Department. Senate Judiciary Chairman Chuck Grassley canceled a scheduled committee vote Wednesday morning after the two senators signaled opposition. Trump posted on Truth Social that he has "no objection" to withdrawing Blanche's name temporarily and reinserting it after Cornyn and Tillis leave office in January. The standoff 
centers on Blanche's handling of a lawsuit settlement that sought to shield Trump, his sons, and the Trump Organization from IRS tax audits.
         </p>
        </div>
        <div style="padding:8px 0 0;text-align:left;">
         <a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
          Read more at USA TODAY ›
         </a>
        </div>
       </td>
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        <div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;">
        </div>
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       <td style="padding:12px 24px 12px;">
        <h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
         <a style="color: #17253d; text-decoration: none;">
          Senate committee passes bipartisan bill to block Trump's dismantling of the Education Department
         </a>
        </h4>
        <div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
         <p style="margin:0;">
          The Senate education committee approved bipartisan 
legislation Thursday that would prevent the executive branch from gutting the Education Department, representing the sharpest congressional rebuke yet of the administration's effort to effectively dismantle the agency through interagency agreements. The bill would block transfers of disability services to Health and Human Services, elementary and secondary programs to the Labor Department, and Native American student programs to other agencies. The legislation faces long odds — competing House legislation would codify the administration's 
actions, and Trump is unlikely to sign it — but the vote signals growing unease in the Senate over how the administration is using interagency agreements to relocate tens of billions in programs.
         </p>
        </div>
        <div style="padding:8px 0 0;text-align:left;">
         <a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
          Read more at The New York Times ›
         </a>
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       <td style="padding:0 24px;">
        <div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;">
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       <td style="padding:12px 24px 12px;">
        <h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
         <a style="color: #17253d; text-decoration: none;">
          Senate Democrats release 86-page blueprint to overhaul private health insurance, targeting 2029
         </a>
        </h4>
        <div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
         <p style="margin:0;">
          A group of Senate Democrats led by Finance Committee Ranking Member
Ron Wyden released an 86-page white paper Wednesday laying out goals for restructuring private health insurance and soliciting feedback from stakeholders and policy experts. The document signals the party's intent to go beyond restoring cuts made under the Trump administration and instead fundamentally redesign how insurance is structured, regulated, and priced, with a focus on lowering patient costs. The effort is explicitly framed as a governing agenda for 2029 at the earliest, when Democrats would need full control of Washington to act — 
giving the industry advance notice of what a future regulatory environment could look like.
         </p>
        </div>
        <div style="padding:8px 0 0;text-align:left;">
         <a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
          Read more at Axios ›
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        <h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
         <a style="color: #17253d; text-decoration: none;">
          Senate committee advances Erica Schwartz to be CDC director after independence concerns ease
         </a>
        </h4>
        <div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
         <p style="margin:0;">
          The Senate Health, 
Education, Labor, and Pensions Committee advanced Erica Schwartz's nomination to lead the Centers for Disease Control and Prevention on Thursday, clearing the way for a full Senate vote. Schwartz, 54, would be the agency's 22nd director if confirmed; her background includes medical and law degrees, a stint as deputy surgeon general, and a Coast Guard leadership role. Committee Chairman Sen. Bill Cassidy (R-La.) said he became satisfied Schwartz would resist politically motivated directives from Health Secretary Robert F. Kennedy Jr. after 
speaking with her following an earlier confirmation hearing that left her standing in doubt.
         </p>
        </div>
        <div style="padding:8px 0 0;text-align:left;">
         <a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
          Read more at The Philadelphia Inquirer ›
         </a>
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          Trump administration seeks $10 million more in taxpayer funds for semiquincentennial celebrations
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          The Trump administration has asked Congress 
for an additional $10 million in taxpayer funding to reimburse the National Park Service for costs tied to Freedom 250 events on the National Mall, including a Christianity-focused prayer event and the July 4th Salute to America celebration. Sen. Jeff Merkley (D-Ore.) disclosed the request in a July 29 letter to Interior Secretary Doug Burgum, noting Congress had already approved $150 million for the 250th anniversary festivities. Merkley called the new ask unacceptable, saying it implies Freedom 250 has already spent through more than $100 
million in public and private funds with limited financial transparency.
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          Read more at USA TODAY ›
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