4 weeks ago
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PULSE POINTS:
❓What Happened: Key economic indicators reveal inflation is decreasing, personal incomes are rising, and the trade deficit has seen a record reduction.
👥 Who’s Involved: President Donald J. Trump, the Federal Reserve, and the Commerce Department.
Your free, daily feed from The National Pulse.
📍 Where & When: United States, April 2025, with the data released by the Commerce Department on May 30, 2025.
⚠️ Impact: The figures surpass economists’ expectations and suggest significant economic shifts, including positive tariff-related impacts on trade.
IN FULL:
The United States’ trade deficit was cut by nearly half in April, falling from $162.3 billion in March to just $87.6 billion. According to data released by the U.S. Commerce Department on Friday, the goods trade gap contracted by 46 percent last month.
Notably, goods imports decreased by $68.4 billion to $276.1 billion, the single largest drop in goods imports on record. Meanwhile, exports jumped by $6.3 billion to a total of $188.5 billion.
The data comes on the heels of government inflation numbers showing prices are holding stable despite predictions from the Federal Reserve and tariff opponents who have argued that President Donald J. Trump’s imposition of aggressive trade duties on imports would cause inflation to accelerate. Instead, consumer data shows inflation continuing to cool, though signals of potential deflationary pressures are raising some alarms.
President Trump has repeatedly emphasized that he intends to use an array of tariff measures to encourage the reshoring of American manufacturing jobs as leverage to negotiate new bilateral trade deals with key economic partner nations, and to boost federal revenues in place of income taxes. The Commerce Department data suggests the trade and economic policy transition is working with minimal disruption thus far.
The National Pulse reported earlier this week that tariff revenues in May have already exceeded $22.3 billion. In April, the federal government collected $17.4 billion in trade duties.
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.
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English (US) ·