Trump Reacts to First American Pope Election and Announces UK Trade Deal Framework

Reaction to Pope Leo XIV's Election

• 🇺🇸 President Trump expressed surprise and happiness at the election of Pope Leo XIV, the first American-born head of the Catholic Church.
• 🤝 He stated it was an "absolutely great honor" and looks forward to meeting the new pope.
• 💬 Vice President JD Vance also congratulated Pope Leo XIV, praying for his successful leadership of the church.

Framework for UK Trade Deal

• 🇬🇧 President Trump announced a framework for a trade deal with the United Kingdom, emphasizing reciprocity and fairness.
• 🚗 The deal includes a cap on auto tariffs, reducing the rate to 10% on British vehicles up to $100,000, down from 25%.
• 🥩 American beef and chicken will gain increased access to the British market, with the Secretary of Agriculture traveling to the UK to further discuss details.
• 🌽 Ethanol, a US-produced product used in the UK, will also see increased market access.

Criticism of Federal Reserve Chair Jerome Powell

• 📉 President Trump criticized Federal Reserve Chair Jerome Powell for not lowering interest rates, comparing it to actions taken by China and the UK.
• 🚀 He believes lower interest rates would act as "jet fuel" for the economy.
• 🤷‍♂️ Trump suggested Powell may not be lowering rates because he is "not in love with me."
• ⚠️ The Fed has stated it will not lower rates amid economic uncertainty, partly caused by tariffs.