July 26, 2025

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Tariffs Weigh Unevenly on Businesses as Trump Mulls Rebate Checks

U.S. companies report sharply divergent results amid President Trump’s tariff campaign, with import-dependent manufacturers and retailers flagging higher costs while tech and financial firms post record profits. General Motors said tariffs cost it more than $1 billion in the last quarter, and consumer prices climbed in June, according to government data.

Against this backdrop, Trump is weighing issuing rebate checks to Americans, citing over $100 billion in customs duties collected during fiscal 2025 (including $27 billion in June). Details on rebate amounts and eligibility remain unspecified, even as lawmakers like Senator Josh Hawley promise legislation and economists warn that tariffs drive up consumer prices.

Under Trump, Fewer ICE Arrestees Are Convicted Amid Misleading Claims

ICE data reveal a widening gap between rhetoric and reality in Donald Trump’s immigration crackdown. From Jan. 20 through late June, only 40% of the nearly 112,000 arrests under his administration were of convicted criminals, compared with 53% of the 51,000 arrests under President Biden in the same period last year. Meanwhile, arrests of non-criminals nearly tripled to about 67,000—rising to 60% of total detentions—as more immigrants are swept up for minor traffic infractions and immigration violations.

The share of arrests involving violent-crime convictions fell from 10% under Biden to 7% under Trump, and drug-crime convictions dropped from 9% to 5%. Despite boasting of targeting the “worst of the worst,” ICE agents are increasingly detaining law-abiding immigrants with no criminal record—fueling concerns among moderate Republicans and immigrant-rights advocates about due-process and the push for high arrest quotas.

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Fact-Check: Trump’s False Gas and Bill Claims

On Gas Prices: In a June visit to the “Alligator Alcatraz” detention center near Ochopee, Florida, President Trump claimed gasoline had dropped to $1.99 per gallon in five states, yet AAA data shows the lowest state average was $2.71, and GasBuddy found no station below $2.26.

On Legislation: He also hailed his One Big Beautiful Bill Act as the “single most popular bill ever signed,” despite mid-June polls from Fox News, Quinnipiac and Pew placing opposition between 49% and 59% and support at only 29% to 38%. Other sweeping assertions—including zero taxes on Social Security benefits and 21 million migrants let in under President Biden—similarly conflict with CBO analyses and official data.

Trump Floats Pardon Power for Ghislaine Maxwell as DOJ Interviews Intensify

President Trump acknowledged on the South Lawn that he has the constitutional authority to pardon Ghislaine Maxwell but insisted it’s “not on his mind.”

Maxwell, convicted in 2021 for aiding Jeffrey Epstein's trafficking of minors, is serving a 20-year federal sentence.

Renewed DOJ interviews led by Deputy Attorney General Todd Blanche and calls from lawmakers to release Epstein-related files have reignited speculation that Maxwell may be offered clemency in exchange for cooperation.

Critics—including Senate Minority Leader Chuck Schumer—have flagged potential conflicts of interest and warned that dangling a pardon could influence Maxwell’s testimony.

Major Security Operation Surrounds Trump’s Scotland Golf Visit Amid Protests

Police Scotland has launched a major security operation at the Trump Turnberry resort in South Ayrshire, deploying military and counter-terrorism teams to sweep the grounds, enforce road closures and restrict access for locals and media. President Trump arrived Friday night at Prestwick Airport and spent his first morning golfing at the course he owns.

With demonstrations by the Stop Trump Coalition planned in Edinburgh and Aberdeen, Police Scotland has redeployed some 1,500 officers from England and Wales to bolster local ranks. Trump is due to meet European Commission President Ursula von der Leyen on Sunday, U.K. Prime Minister Sir Keir Starmer on Monday and First Minister John Swinney later in the visit.

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Trump Hints at Possible Pardon for Ghislaine Maxwell as DOJ Interviews Intensify