President Trump releases this seemingly frustrated lengthy statement via Truth Social:

PRESIDENT TRUMP – What’s going on with my “boys” and, in some cases, “gals?” They’re all going after Attorney General Pam Bondi, who is doing a FANTASTIC JOB! We’re on one Team, MAGA, and I don’t like what’s happening.

We have a PERFECT Administration, THE TALK OF THE WORLD, and “selfish people” are trying to hurt it, all over a guy who never dies, Jeffrey Epstein. For years, it’s Epstein, over and over again. Why are we giving publicity to Files written by Obama, Crooked Hillary, Comey, Brennan, and the Losers and Criminals of the Biden Administration, who conned the World with the Russia, Russia, Russia Hoax, 51 “Intelligence” Agents, “THE LAPTOP FROM HELL,” and more?

They created the Epstein Files, just like they created the FAKE Hillary Clinton/Christopher Steele Dossier that they used on me, and now my so-called “friends” are playing right into their hands. Why didn’t these Radical Left Lunatics release the Epstein Files? If there was ANYTHING in there that could have hurt the MAGA Movement, why didn’t they use it?

They haven’t even given up on the John F. Kennedy or Martin Luther King, Jr. Files. No matter how much success we have had, securing the Border, deporting Criminals, fixing the Economy, Energy Dominance, a Safer World where Iran will not have Nuclear Weapons, it’s never enough for some people. We are about to achieve more in 6 months than any other Administration has achieved in over 100 years, and we have so much more to do.

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Traveling with President Trump to visit the families and those devastated by the recent floods in Texas, Melania Trump delivered a message to those in the region. WATCH:

Full video of the roundtable discussion and remarks below.

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Many people surmise the Trump administration is unaware of the ongoing MAGA backlash to the DOJ and FBI position on matter of Jeffrey Epstein.

For a significant -albeit unknown- portion of President Trump’s support base, the case against Jeffrey Epstein was/is a strong part of how they positioned their MAGA support.  That coalition is now furious and threatening to withdraw support for President Trump on all other policy areas.

Deputy Attorney General Todd Blanche affirmed today the conclusions within the DOJ/FBI memo about the Epstein matter are factually the conclusions shared by all leadership within the Dept of Justice and FBI.

[SOURCE]

Attorney General Pam Bondi, Deputy Attorney General Todd Blanche, FBI Director Kash Patel and Deputy FBI Director Dan Bongino are all telling the same story.

There is trouble afoot.

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Following Elon Musk’s decision to start a new political party Twitter/X platform CEO Linda Yaccarino announces her departure.  Musk responds with a polite, “Thank you for your contributions.”

(VIA X) – After two incredible years, I’ve decided to step down as CEO of 𝕏.

When [Elon Musk] and I first spoke of his vision for X, I knew it would be the opportunity of a lifetime to carry out the extraordinary mission of this company. I’m immensely grateful to him for entrusting me with the responsibility of protecting free speech, turning the company around, and transforming X into the Everything App.

I’m incredibly proud of the X team – the historic business turn around we have accomplished together has been nothing short of remarkable.

We started with the critical early work necessary to prioritize the safety of our users—especially children, and to restore advertiser confidence. This team has worked relentlessly from groundbreaking innovations like Community Notes, and, soon, X Money to bringing the most iconic voices and content to the platform. Now, the best is yet to come as X enters a new chapter with Xai.

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The background of the insufferable case is HERE and HERE.

Today, the second circuit court of appeals finally overturns one of the most ridiculous Obama/Biden dystopian lawfare cases against the first amendment.  Defendant Douglass Mackey wins his appeal and the case is dismissed [RULING HERE]

The ridiculous case was against Douglass Mackey, aka Twitter user Ricky Vaughn, who posted a silly meme against Hillary Clinton in 2016.  The Biden DOJ prosecuted Mackey saying he was part of a conspiracy to rob Clinton of the election, by posting memes of disinformation around the election.

Mackey was tried and convicted in New York; however, finally an appeals court looked at the stupidity of it and ruled in his favor, sending the case back to the lower court for dismissal.

Literally all the guy did was post snarky memes poking fun of democrats and Hillary Clinton in the 2016 election…  However, the United States government claimed: “the defendant exploited a social media platform to infringe one the of most basic and sacred rights guaranteed by the Constitution: the right to vote.”

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CNN state media narrative engineers (think State Dept. in all things CNN) are running with a story to promote a new book by Josh Dawsey (Wall Street Journal – Author), Tyler Pager (New York Times – Author), Isaac Arnsdorf (Washington Post – Author) where they write about an audio segment by candidate Trump telling NY donors how he threatened Russian President Vladimir Putin and Chinese Chairman Xi Jinping.

The leaked audio is essentially unremarkable as President Trump has told this story several times. However, the background context is more interesting when we consider the motives of the WSJ, NYT and WaPo. Here’s the segment:

The WSJ is against President Trump based on economics; WSJ representing Wall Street. The NYT is against President Trump based on DHS/DOJ domestic opposition from within DC. The WaPo is against President Trump based on the CIA position and larger intelligence community. None of the motives within these outlets are challenged by the intellectually honest political observers.

So, what’s the play here?

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The Term-1 effect of deflation created by tariff policy is resurfacing in Term-2 even with larger tariff impacts across the network of global manufacturing exports. [DATA SOURCE]

In essence, there is little to no end result in price increases in the final price of consumer goods (Consumer Price Index). In fact, there is a slight deflationary aspect on CPI data from imported durable goods.  The lower price of arriving imported durable goods is effectively putting downward pressure on US consumer prices.   This is identical to the Term-1 result. A pattern is repeating.   [PCE personal consumption expenditure / CPI consumer price index]

[Source – WH Council of Economic Advisors]

It sounds counterintuitive, but tariffs do not impact the final price of goods to USA consumers; there are just too many factors, too many elements within the Total Cost of Goods (TCG) within supply chain.  Global energy prices, domestic energy prices, currency evaluations and fluctuations, state/govt subsidies to manufacturers, labor negotiations and production profit offsets are only a few of the components.

Additionally, and this is where U.S. consumers do not get a fulsome explanation from corporate media analysts, the tariff rate is applied to the ‘cost’ the exporter pays, not the final consumer price.  A pair of jeans from China may be sold to the import company for $5 per pair. A 30% tariff raises the price of the jeans by $1.50 to $6.50.  The tariff rate does not apply to the retail price of $50 paid by the consumer.

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President Trump responds to Elon Musk’s ongoing outrage.

PRESIDENT TRUMP – “I am saddened to watch Elon Musk go completely “off the rails,” essentially becoming a TRAIN WRECK over the past five weeks. He even wants to start a Third Political Party, despite the fact that they have never succeeded in the United States – The System seems not designed for them.

The one thing Third Parties are good for is the creation of Complete and Total DISRUPTION & CHAOS, and we have enough of that with the Radical Left Democrats, who have lost their confidence and their minds! Republicans, on the other hand, are a smooth running “machine,” that just passed the biggest Bill of its kind in the History of our Country.

It is a Great Bill but, unfortunately for Elon, it eliminates the ridiculous Electric Vehicle (EV) Mandate, which would have forced everyone to buy an Electric Car in a short period of time. I have been strongly opposed to that from the very beginning. People are now allowed to buy whatever they want – Gasoline Powered, Hybrids (which are doing very well), or New Technologies as they come about – No more EV Mandate. I have campaigned on this for two years and, quite honestly, when Elon gave me his total and unquestioned Endorsement, I asked him whether or not he knew that I was going to terminate the EV Mandate – It was in every speech I made, and in every conversation I had. He said he had no problems with that – I was very surprised!

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President Trump and Commerce Secretary Howard Lutnick hold an impromptu press conference before departing Bedminster, New Jersey en route to the White House.

Topics included the devastating flood in Texas, Elon Musk creating a third party, the ongoing trade negotiations and pending tariffs, President Trump’s conversations with both Vladimir Putin and Volodymyr Zelenskyy as well as the upcoming visit of Benjamin Netanyahu to the White House on Monday.

As noted by Secretary Lutnick the new tariff rates go into effect August 1st.  WATCH:

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White House National Economic Chairman, Kevin Hassett, discusses the current status of the ongoing trade negotiations as the deadline for engagement windows is scheduled to close on July 9th.

As outlined by Kevin Hassett, we can expect those nations who are not in current negotiations will receive letters from President Trump letting them know that the baseline tariff rate (10%) and reciprocity rate (unknown) will be.  Large nations like India and China are currently in negotiations.  The EU collective has preliminary contact information, and a few others are in close proximity to Free Trade Agreement closure.

With the Big Beautiful Bill passed, in combination with baseline and reciprocal tariffs, the revenues to grow the GDP are in place to expand the overall U.S. economy.  WATCH:

[Transcript] – WEIJA JIANG: We turn now to Kevin Hassett. He is the director of the National Economic Council and one of President Trump’s top advisors. He’s also very popular on that driveway where I’m usually alongside about a dozen reporters. So, Kevin, thank you so much for your time this morning. I want to start with trade, because there’s a big deadline coming up on Wednesday. As you know, that 90-day pause on reciprocal tariffs that the President announced back in April is set to end. So far, the US has announced a few deals; the UK, Vietnam, and you’re inching closer to a final agreement with China. Do you expect to get any more deals done with America’s biggest trading partners by Wednesday?

KEVIN HASSETT: Yeah. First, I do have to take- take a pause and share your thoughts and prayers with the people of Texas. It’s an incredible, heartbreaking story, and Kristi Noem and the President have instructed the federal government to throw everything they’ve got at helping the survivors and helping clean up that place. So, anyway, I’m really heartbroken today to see these stories, and I want you to know that in the White House, everybody is putting every effort they can into helping the people of Texas today.

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