The Supreme Court handed Trump two significant victories, allowing deportation of Venezuelan migrants under the 1798 Alien Enemies Act and permitting the firing of 16,000 probationary federal workers. Meanwhile, the administration increased tariffs on China to 104% after Beijing missed Trump's deadline to withdraw retaliatory measures.
Markets initially rebounded on hopes for negotiated trade deals, with Treasury Secretary Bessent telling ABC deals could come "very quickly." However, stocks reversed course by afternoon, with the S&P 500 closing at its lowest level in over a year.
The Musk-Trump relationship deteriorated publicly, with Musk calling trade adviser Peter Navarro "dumber than a sack of bricks." Evening reports indicated heightened immigration enforcement, including an IRS-DHS agreement to share tax information for deportations and reports of the administration exploring ways to potentially "deport" U.S. citizens.