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The U.S. and China agreed to suspend most tariffs for 90 days following high-stakes weekend trade negotiations in Geneva, Switzerland over the weekend.
The details: The agreement will see both nations slash their tariffs from 125 percent to 10 percent during the three-month reprieve. A separate 20 percent tariff on China for its role in the fentanyl trade will remain in place.
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- Treasury Secretary Scott Bessent said Sunday the talks led to “substantial progress,” and U.S. Trade Rep. Jamieson Greer added that the differences were “not as large as maybe thought.”
- China echoed the optimism, calling the pending joint statement “good news for the world.”
Markets react: U.S. stock futures surged, with the tech-heavy NASDAQ rising more than three percent. The dollar and bonds also jumped.
Trump reacts: President Trump struck an optimistic tone on Sunday, writing:
- “A very good meeting today with China, in Switzerland. Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner. We want to see, for the good of both China and the U.S., an opening up of China to American business. GREAT PROGRESS MADE!!!”
What happens next? Talks will continue, led by Treasury Secretary Scott Bessent, Trade Representative Jamieson Greer, and Chinese Vice Premier He Lifeng.
These terms go into effect on Wednesday.
Peace is in the air: Over the weekend, President Trump also announced that India and Pakistan agreed to a “full and immediate ceasefire” following negotiations mediated by the United States.
PULSE POINTS:
❓What Happened: Transgenders in the U.S. military are being given between 30 and 60 days to self-separate after the Supreme Court cleared the way for the Trump administration to enforce a ban on their service.
👥 Who’s Involved: Defense Secretary Pete Hegseth, approximately 1,000 transgender service members, and the Supreme Court.
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📍 Where & When: U.S. military, with deadlines for self-separation being set by June 6 for active duty and July 7 for reservists, according to a Department of Defense (DOD) memo published on Thursday, May 9, 2025.
💬 Key Quote: “After a SCOTUS victory for [President Trump], TRANS is out at the DOD,” Hegseth announced on X (formerly Twitter).
⚠️ Impact: The ruling affects military readiness policies and a broader effort to remove diversity, equity, and inclusion policies at the Department of Defense (DOD).
IN FULL:
The Department of Defense (DOD) has initiated a timeline for transgender service members to voluntarily separate from the military following a Supreme Court order clearing the way for a ban on their service in the U.S. military. A recent memo from Defense Secretary Pete Hegseth outlines that approximately 1,000 service members who have identified as having gender dysphoria must begin the process of self-separation. Active duty members are required to exit by June 6, with reservists having until July 7 to comply.
This development follows the Supreme Court’s decision to stay a lower court ruling, effectively allowing the Trump administration’s ban on transgender troops to proceed. The administration argues that this policy is essential for maintaining military readiness, unit cohesion, and avoiding the disproportionate costs associated with transgenders’ need for often lifelong medical care.
Pentagon spokesman Sean Parnell expressed satisfaction with the court’s decision, stating: “The Secretary is encouraged by the Supreme Court’s order staying the lower court’s injunction, allowing the Department of Defense to carry out its policies associated with ‘Prioritizing Military Excellence and Readiness.'”
Hegseth, in an announcement on X (formerly Twitter), declared, “After a SCOTUS victory for [President Trump], TRANS is out at the DOD.” He further noted that service members with a current diagnosis or history of gender dysphoria could choose to separate voluntarily by the set deadlines, or face involuntary removal if they fail to do so.
The Trump administration’s policy, initially introduced via Executive Order in January, mandates updates to medical standards to prioritize readiness and lethality. It also seeks to eliminate the use of invented and identification-based pronouns within the Department of Defense.
The Pentagon’s move is part of a broader initiative to eliminate policies related to diversity, equity, and inclusion (DEI) and gender ideology. Hegseth recently announced that nearly all DEI-related policies have been removed from the Department, alongside efforts to standardize fitness tests for men and women.
From January 2016 to May 2021, the Department of Defense reportedly spent around $15 million on transgender treatments for active-duty service members. This financial aspect has been a point of contention in discussions about military spending and readiness.
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