Trump Economy Hits Highs Not Seen in Decades.

4 weeks ago 1

PULSE POINTS:

❓What Happened: The S&P 500 recorded its best monthly numbers since 2023—and its best gains for the month of May since 1990.

👥 Who’s Involved: The S&P 500, Nasdaq, Dow Jones Industrial Average, President Donald J. Trump, and China.

Your free, daily feed from The National Pulse.

📍 Where & When: U.S. stock markets, May 2025.

⚠️ Impact: All three major U.S. stock indices saw strong gains in May, with the S&P 500 and Nasdaq achieving their best months since November 2023, amid ongoing U.S.-China trade tensions.

IN FULL:

The S&P 500 capped off May with its strongest monthly performance in over a year and a half, gaining six percent across the month, despite closing Friday nearly flat. The Nasdaq and S&P 500 both posted their best monthly results since November 2023. Moreover, it saw the best gains for the month of May, specifically, since 1990.

The Dow Jones Industrial Average rose slightly by 0.13 percent on Friday, while the Nasdaq composite slipped just 0.3 percent.

Notably, the market’s rebound in May followed a challenging April, during which investor sentiment was rattled by media clamoring over President Donald J. Trump’s imposition of steep tariffs on China. The tariffs are part of ongoing trade negotiations with Beijing and other foreign trade partners.

Earlier on Friday, President Trump accused China of going back on a “fast deal” he claimed to have made, but remained hopeful about eventually securing an agreement. Tensions with China have persisted, but Trump’s optimism suggests a potential resolution might still be on the horizon.

The market gains follow data released by the Department of Commerce, which shows inflation continuing to cool and record revenue collected from President Trump’s tariffs.

PULSE POINTS:

❓What Happened: President Donald J. Trump blamed Leonard Leo and the Federalist Society for recommending bad judges early in his first term, linking their influence to a U.S. Court of International Trade ruling that attempted to overturn his tariff policy.

👤Who’s Involved: President Trump, the Federalist Society, Leonard Leo, the U.S. Court of International Trade, and the New Civil Liberties Alliance.

Your free, daily feed from The National Pulse.

📍 Where & When: Truth Social platform, with Trump’s post on May 30, 2025, following the trade court’s now-stayed ruling.

🧾Key Quote: “I was new to Washington, and it was suggested that I use The Federalist Society… but then realized that they were under the thumb of a real ‘sleazebag’ named Leonard Leo,” Trump wrote.

⚠️ Impact: Trump warns that the tariff ruling threatens presidential power and America’s economic defense against adversaries like Communist China.

IN FULL:

President Donald J. Trump has blamed the Federalist Society for recommending bad judges to him near the beginning of his first term, when he had few contacts in Washington, D.C. The America First leader explained the situation on his Truth Social platform after the obscure U.S. Court of International Trade attempted to overturn his tariff policy in its entirety in a now-stayed ruling.

“Where do these… Judges come from? How is it possible for them to have potentially done such damage to the United States of America? Is it purely a hatred of ‘TRUMP?’ What other reason could it be?” Trump wrote.

He continued: “I was new to Washington, and it was suggested that I use The Federalist Society as a recommending source on Judges. I did so, openly and freely, but then realized that they were under the thumb of a real ‘sleazebag’ named Leonard Leo, a bad person who, in his own way, probably hates America, and obviously has his own separate ambitions.”

Trump said that Leo, who is still co-chairman of the Federalist Society, “openly brags how he controls Judges, and even Justices of the United States Supreme Court—I hope that is not so, and don’t believe it is!”

The President said he was “so disappointed in The Federalist Society” for its “bad advice… on numerous Judicial Nominations,” warning that if the U.S. Court of International Trade’s tariff ruling is ultimately upheld, it will “destroy our Nation!”

On the prospect of Congress having to approve every tariff, he described a process in which “hundreds of politicians would sit around D.C. for weeks, and even months, trying to come to a conclusion,” hamstringing his ability to act in the American interest against foreign governments.

“If allowed to stand, this would completely destroy Presidential Power—The Presidency would never be the same!” Trump argued, insisting, “The President of the United States must be allowed to protect America against those that are doing it Economic and Financial harm.”

“Hopefully, the Supreme Court will reverse this horrible, Country threatening decision, QUICKLY and DECISIVELY,” he said.

The New Civil Liberties Alliance, which is affiliated with Leo, is among the organizations mounting a lawfare campaign against Trump’s tariff polices, attempting to overturn levies imposed on imports from Communist China.

In 202s, Leo’s Marble Freedom Trust—a 501(c)4 nonprofit that operates as a funding organ for a network of conservative legal and policy groups—effectively received a $1.65 billion contribution through a financial deal executed by Chicago businessman Barre Seid.