In all the studies I have run through the computer, no matter how I rephrase the inquiry, it always returns the same answer – Migration & War = Deadly Disease Cycle. I have input all the major plagues into the computer database from ancient times. The last “plague” that we were all taught in history class was the famous Spanish Flu of WWI: A Perfect Storm. WWI directly facilitated the virus’s global spread, intensity, and lethality. An estimated 50-100 million people died from the Spanish Flu – far more than the roughly 20 million military and civilian deaths from WWI itself.
A simple correlation of wars and migrations to disease demonstrates beyond opinion that these events have always been a major killer in wars (e.g., more soldiers died from disease than battle in many conflicts prior to the 20th century). Recent conflicts (e.g., Syrian Civil War, Yemeni Civil War) have seen the collapse of healthcare systems and the resurgence of diseases like cholera, polio, and measles. War is a powerful engine for disease spread. WWI provided the specific conditions – massive global troop movements, unprecedented crowding, malnutrition, shattered healthcare, and censorship – that turned the 1918 influenza virus into the deadliest pandemic in modern history. The connection between war and infectious disease is undeniable and devastating.
US Crypto Market Structure Bill Is Finally Here: Will It Start an Altcoin Rally?
The CLARITY Act is proof that the crypto market is moving towards a more favorable regulatory environment. Start of a new altcoin rally?
The House of Representatives has introduced the Digital Asset Market Clarity Act, which looks to adopt a structured legislative approach towards the crypto market.
Well, this is exactly what the crypto community was hoping for ever since the appointment of the pro-crypto Donald Trump as US President.
As the crypto market is finally moving toward a more legislative-focused growth, will it have a positive impact on altcoins? Let’s explore the CLARITY act in more detail and whether it can push the top altcoins to higher peaks.
The CLARITY Act gives more power to the Commodity Futures Trading Commission (CFTC), including ‘exclusive’ jurisdiction over ‘digital commodity cash or spot markets.’
For those out of the loop, digital commodities are digital assets that behave more like a commodity (oil or gas) instead of a typical security.
While there’s no definitive list of digital commodities, Bitcoin and Ethereum definitely count among them.
The CLARITY Act requires crypto platforms choose to either register with the CFTC or the Securities and Exchange Commission (SEC). This will depend on the types of digital assets they offer: digital commodities, securities, or both.
What’s more, the platforms registered with the CFTC as digital commodity exchanges, brokers, or dealers must also comply with the Bank Secrecy Act.
This would require these platforms to comply with KYC requirements, monitor suspicious activities, and file regular Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs), thereby increasing record-keeping requirements for enforcing legal compliance.
Crypto Custodian Provisions
The Staff Accounting Bulletin 121 (SAB121) passed by the SEC in 2022 required crypto custodians to record crypto assets and liabilities belonging to their clients in their own balance sheet. However, the CLARITY Act proposes a more logical approach.
Regulators like the SEC cannot ask digital asset custodians to record digital assets held by their clients on their own balance sheets. After all, the ‘asset belongs to the client, not the custodian.’
Stablecoin Oversight
The Act has also cleared the air around stablecoins, expressly stating that these are not securities, and the SEC, therefore, has no say on their regulation. Stablecoins like $USDC, $USDT, or PayPal USD will be regulated by ‘whichever regulator already oversees the firm involved.’
This means that if a stablecoin has been issued by a bank, bank regulators such as the FED or OCC will regulate it. Similarly, USDC will be regulated by the agency that oversees Circle, the issuer of $USDC.
It’s also worth noting that the Stablecoin Bill is due for discussion next week. It aims to establish clearer rules for managing and issuing stablecoins, protecting consumers, and preventing financial instability.
However, a few experts believe that the Stablecoin Bill and the CLARITY Act must merge for a more unified approach towards crypto markets.
Overall, the CLARITY Act is a good first step towards a more regulated and structured crypto market, with clear demarcation between spot and cash markets, as well as stablecoin treatment.
As the crypto market becomes more organized, investor confidence in digital assets is bound to skyrocket. This may lead to a massive increase in investments over time, which puts retailers like yourself at the perfect spot to buy and hold the next big crypto coin.
This gain-of-function disease, COVID-19, may be the new Black Plague. I believe that those who will be the most vulnerable will be those who have been vaccinated. That’s just my opinion – not the computer. The computer has not identified the actual disease agent. Our politicians are IGNORANT of history, and if they ever bothered to look, disease ALWAYS spreads with migration. Just open a history book, and they might read that overwhelmingly, the historical consensus is that disease was the primary killer of Indigenous peoples in the Americas following European contact, responsible for a vastly greater number of deaths than warfare.
Pre-contact population estimates for the Americas range widely (40-100+ million), but post-contact decline was catastrophic. Scholars generally agree that 80-95% of the Indigenous population died within the first 100-150 years after sustained European contact due to disease. This represents one of the most devastating demographic catastrophes in human history due to migration, and Europeans brought diseases unfamiliar to the American Indigenous population.
The SEC was the last major regulator still pursuing Binance after a $4.3 billion settlement with the U.S. government last year that saw Zhao plead guilty and step down as CEO, while avoiding jail time and retaining much of his wealth.
The agency's motion to dismiss was granted with prejudice, meaning the SEC can't refile the same claims.
Commissioner Hester Peirce, speaking with CNBC in Las Vegas, said the move reflects a shift toward clearer rulemaking after years of ambiguity.
"What we're trying to do with the enforcement cases is look at them on a facts and circumstances basis," said Peirce. "We didn't have a clear set of rules. There were a lot of questions about how this particular activity in the crypto space intersected with our existing securities laws."
The commissioner added, "We're trying to take a step back, use our regulatory tools to write those rules, and then enforce those rules."
But Peirce made clear that loosening enforcement doesn't mean open season for scammers. "It is not time for people to think, 'I have a free pass to go rip people off in the name of crypto.' That is not the case."
Stablecoin growth requires green lights from regulators
While showing interest in stablecoins, some jurisdictions like the United Kingdom might be falling behind in the race to attract stablecoin operators if they don’t move faster with regulations, Collison said.
“You have companies that are being set up to serve this industry — if maybe there was a really good regulatory framework, they would choose to base here,” the Stripe exec said, adding:
“Without that certainty they go somewhere else. I think that’s the risk that we need to be aware of.”
Under the SEC's new leadership, the agency has shifted away from enforcement and toward engagement and regulatory rollback. It's held a series of roundtables led by Peirce and newly appointed Chair Paul Atkins.
The SEC has also begun dismantling key rules that once kept Wall Street on the sidelines. In January, it scrapped Staff Accounting Bulletin 121 — a controversial directive issued under former Chair Gary Gensler that forced banks to count crypto holdings as liabilities on their balance sheets. Peirce celebrated the reversal on X, posting, "Bye, bye SAB 121! It's not been fun."
In February, the agency followed up with new guidance indicating that it doesn't view most meme coins as securities under federal law, providing a boon to the Trump family.
President Trump and several of his family members are closely tied to crypto ventures, including the $TRUMP token, which launched just before his January inauguration. The coin currently boasts a market cap of about $2.4 billion, with its website claiming that 80% of the supply is held by the Trump Organization and affiliated entities.
Overall, Dell's revenue grew 5% on an annual basis. It said it expects revenue to grow 8% during the fiscal year.
Dell's server business is reported as part of its Infrastructure Solutions Group, which had $10.3 billion in sales during the quarter, a 12% rise. Of that, $6.3 billion was sales for servers and networking, and $4 billion was for computers that store data.
The company's laptop and PC business, its Client Solutions Group, recorded $12.5 billion in sales as the global PC market is expected to recover this year after several slumping years.
The computer maker also said it significantly stepped up its shareholder capital return during the quarter, spending $2.4 billion on share repurchases and dividends during the period. It spent $2.58 billion on share repurchases for all of its fiscal 2025, which ended in January.
Synopsys pulls full-year guidance, citing new China export restrictions
Synopsys was already facing a slowdown in China. Now it's trying to assess the impact of new export restrictions.
Synopsys pulled its guidance for the full fiscal year on Thursday, citing a letter it received from the U.S. Commerce Department on restrictions of sales of its products in China. The stock closed down 1.6%.
The announcement comes one day after Synopsys CEO Sassine Ghazi disputed a report that the White House told the company, as well as rivals Cadence and Siemens, to stop selling to clients in China. He said he had wanted to address the swirling of speculation.
"Recall as we started sometime in FY 2024 communicating that we are seeing both a cumulative impact of the restrictions in China as well as the macro situation inside China have caused us to continue on communicating that this deceleration will continue, and that headwind has gotten stronger as we go through the each quarter over the last year, year and a half," he said. The 2025 fiscal year ends in October.
The Bureau of Industry and Security informed Cadence last week that the company will need a license to export its chip design software to customers in China, according to a Thursday filing.
"The letter stated that BIS has determined that these shipments pose an unacceptable risk of use in or diversion to a 'military end use' in China or for a Chinese 'military end user,'" Cadence said.
"I am glad to be working with Meta once again." Luckey said in a statement. "Of all the areas where dual-use technology can make a difference for America, this is the one I am most excited about."
Anduril also announced in December that it partnered with OpenAI on an artificial-intelligence initiative related to "national security missions."
Wall Street is giving back some of its gains from the week following a mixed set of profit reports from Gap, Ulta Beauty and other companies navigating the challenges created by President Donald Trump’s on-and-off tariffs.
The S&P 500 was down 0.44% in early trading Friday. The Dow Jones Industrial Average ticked down by 39.16 points, or 0.09%, and the Nasdaq composite was down 0.85% as of 10 a.m. EST.
Gap slumped after saying tariffs on imports from China and other countries could add up to $300 million to its costs this fiscal year. Wall Street has been preoccuppied with questions about what will happen with Trump’s tariffs.
Shares of Google parent Alphabet were largely stagnant ahead of closing arguments in a legal proceeding that will determine the changes imposed upon the company after being declared an illegal monopoly by a federal judge last year.
A key inflation report from the Commerce Department Friday morning showed that consumer prices rose just 2.1% in April compared with a year earlier, down from 2.3% in March and the lowest since September.
The Fed has left its benchmark borrowing rate steady at its last three meetings, in part due to uncertainty about how tariffs will impact prices.
Investors will be paying close attention as three Fed members are scheduled to make public comments on Friday.
Newsmax Renews Verizon Carriage Agreement, Makes SEC Filing
Newsmax Inc. (NYSE: NMAX) (“Newsmax” or the
“Company”) announced the filing of an 8-K with the Securities and Exchange Commission
(“SEC”).
The Company informed the SEC of the following:
Newsmax Inc. has entered into a multi-year renewal for distribution with Verizon Fios for its cable channel, Newsmax.
Newsmax, which is available on channel 616 (116 in SD) on Fios, will retain its current distribution on the Verizon pay TV platform.
The Verizon platform reaches approximately three million subscribers, mainly in the Northeast and Mid-Atlantic regions
Trump Accuses China of Violating Deal on Tariffs
President Donald Trump on Friday accused China of breaking its tariff agreement with the U.S., despite the deal he said had protected the country from grave economic danger.
In his comments on Truth Social, Trump said that the high tariffs he initially set on China made it "virtually impossible for China to TRADE into the United States marketplace, which is, by far, number one in the World."
On May 12, the two countries agreed on a 90-day suspension on most of the tariffs, but Trump on Friday said that the "bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!"
Trump said his initial tariffs were "devastating" for China, as "many factories closed and there was, to put it mildly, 'civil unrest.'"
Earlier in the day, a three-judge panel from the U.S. Court of International Trade found that Trump had overstepped his authority when imposing tariffs on imports from U.S. trading partners.
Two of the judges deciding the case were Republican appointees, including one Trump had seated on the bench, reports CBS News.
The Court of Appeals for the Federal Circuit quickly granted an emergency motion to stay the ruling, after the administration argued that stopping the decision was "critical for the country's national security."
In addition to attacking Leo, Trump also slammed the Federalist Society and the three judges who ruled against his tariffs.
"Where do these initial three Judges come from?" he said. "How is it possible for them to have potentially done such damage to the United States of America? Is it purely a hatred of 'TRUMP?' What other reason could it be?"
Leo, in a statement to Politico, said he's grateful for Trump's work in "transforming the Federal Courts, and it was a privilege being involved."
"There's more work to be done, for sure, but the Federal Judiciary is better than it's ever been in modern history, and that will be President Trump's most important legacy," Leo added.
Thursday, though, Trump posted that he was "disappointed in The Federalist Society because of the bad advice they gave me on numerous Judicial Nominations" and said that Leo left the conservative organization to "do his own thing.'"
Trump's relationship with Leo also reportedly became strained after Justices Kavanaugh, Amy Coney Barrett, and Neil Gorsuch, the three conservative justices he appointed to the Supreme Court, did not intervene to keep him in office after his 2020 loss to President Joe Biden.
Three other conservative justices, Chief Justice John Roberts, Justice Clarence Thomas, and Justice Samuel Alito, have also been linked to the Federalist Society, mainly through Leo, reports Time.
In all the studies I have run through the computer, no matter how I rephrase the inquiry, it always returns the same answer – Migration & War = Deadly Disease Cycle. I have input all the major plagues into the computer database from ancient times. The last “plague” that we were all taught in history class was the famous Spanish Flu of WWI: A Perfect Storm. WWI directly facilitated the virus’s global spread, intensity, and lethality. An estimated 50-100 million people died from the Spanish Flu – far more than the roughly 20 million military and civilian deaths from WWI itself.
A simple correlation of wars and migrations to disease demonstrates beyond opinion that these events have always been a major killer in wars (e.g., more soldiers died from disease than battle in many conflicts prior to the 20th century). Recent conflicts (e.g., Syrian Civil War, Yemeni Civil War) have seen the collapse of healthcare systems and the resurgence of diseases like cholera, polio, and measles. War is a powerful engine for disease spread. WWI provided the specific conditions – massive global troop movements, unprecedented crowding, malnutrition, shattered healthcare, and censorship – that turned the 1918 influenza virus into the deadliest pandemic in modern history. The connection between war and infectious disease is undeniable and devastating.
!summarize #billackman #harvard
!summarize #boston #redsox #mlb
!summarize #byd #dealership #automotive #china
!summarize #elonmusk #jdvance #doge #government #trump
!summarize #otani #closer #dodgers #losangeles #mlb
US Crypto Market Structure Bill Is Finally Here: Will It Start an Altcoin Rally?
The CLARITY Act is proof that the crypto market is moving towards a more favorable regulatory environment. Start of a new altcoin rally?
The House of Representatives has introduced the Digital Asset Market Clarity Act, which looks to adopt a structured legislative approach towards the crypto market.
Well, this is exactly what the crypto community was hoping for ever since the appointment of the pro-crypto Donald Trump as US President.
As the crypto market is finally moving toward a more legislative-focused growth, will it have a positive impact on altcoins? Let’s explore the CLARITY act in more detail and whether it can push the top altcoins to higher peaks.
The CLARITY Act gives more power to the Commodity Futures Trading Commission (CFTC), including ‘exclusive’ jurisdiction over ‘digital commodity cash or spot markets.’
For those out of the loop, digital commodities are digital assets that behave more like a commodity (oil or gas) instead of a typical security.
While there’s no definitive list of digital commodities, Bitcoin and Ethereum definitely count among them.
The CLARITY Act requires crypto platforms choose to either register with the CFTC or the Securities and Exchange Commission (SEC). This will depend on the types of digital assets they offer: digital commodities, securities, or both.
What’s more, the platforms registered with the CFTC as digital commodity exchanges, brokers, or dealers must also comply with the Bank Secrecy Act.
This would require these platforms to comply with KYC requirements, monitor suspicious activities, and file regular Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs), thereby increasing record-keeping requirements for enforcing legal compliance.
!summarize #congress #crypto #clarityact #cftc #sec
Crypto Custodian Provisions
The Staff Accounting Bulletin 121 (SAB121) passed by the SEC in 2022 required crypto custodians to record crypto assets and liabilities belonging to their clients in their own balance sheet. However, the CLARITY Act proposes a more logical approach.
Regulators like the SEC cannot ask digital asset custodians to record digital assets held by their clients on their own balance sheets. After all, the ‘asset belongs to the client, not the custodian.’
Stablecoin Oversight
The Act has also cleared the air around stablecoins, expressly stating that these are not securities, and the SEC, therefore, has no say on their regulation. Stablecoins like $USDC, $USDT, or PayPal USD will be regulated by ‘whichever regulator already oversees the firm involved.’
This means that if a stablecoin has been issued by a bank, bank regulators such as the FED or OCC will regulate it. Similarly, USDC will be regulated by the agency that oversees Circle, the issuer of $USDC.
It’s also worth noting that the Stablecoin Bill is due for discussion next week. It aims to establish clearer rules for managing and issuing stablecoins, protecting consumers, and preventing financial instability.
However, a few experts believe that the Stablecoin Bill and the CLARITY Act must merge for a more unified approach towards crypto markets.
Overall, the CLARITY Act is a good first step towards a more regulated and structured crypto market, with clear demarcation between spot and cash markets, as well as stablecoin treatment.
As the crypto market becomes more organized, investor confidence in digital assets is bound to skyrocket. This may lead to a massive increase in investments over time, which puts retailers like yourself at the perfect spot to buy and hold the next big crypto coin.
!summarize #clarityact #securities #sec #cftc #crypto
!summarize #clarityact #crypto #congress #securities #cftc #sec
This gain-of-function disease, COVID-19, may be the new Black Plague. I believe that those who will be the most vulnerable will be those who have been vaccinated. That’s just my opinion – not the computer. The computer has not identified the actual disease agent. Our politicians are IGNORANT of history, and if they ever bothered to look, disease ALWAYS spreads with migration. Just open a history book, and they might read that overwhelmingly, the historical consensus is that disease was the primary killer of Indigenous peoples in the Americas following European contact, responsible for a vastly greater number of deaths than warfare.
Pre-contact population estimates for the Americas range widely (40-100+ million), but post-contact decline was catastrophic. Scholars generally agree that 80-95% of the Indigenous population died within the first 100-150 years after sustained European contact due to disease. This represents one of the most devastating demographic catastrophes in human history due to migration, and Europeans brought diseases unfamiliar to the American Indigenous population.
The SEC was the last major regulator still pursuing Binance after a $4.3 billion settlement with the U.S. government last year that saw Zhao plead guilty and step down as CEO, while avoiding jail time and retaining much of his wealth.
The agency's motion to dismiss was granted with prejudice, meaning the SEC can't refile the same claims.
Commissioner Hester Peirce, speaking with CNBC in Las Vegas, said the move reflects a shift toward clearer rulemaking after years of ambiguity.
!summarize #kamaleharris #megynkelly #politics #speech
"What we're trying to do with the enforcement cases is look at them on a facts and circumstances basis," said Peirce. "We didn't have a clear set of rules. There were a lot of questions about how this particular activity in the crypto space intersected with our existing securities laws."
The commissioner added, "We're trying to take a step back, use our regulatory tools to write those rules, and then enforce those rules."
But Peirce made clear that loosening enforcement doesn't mean open season for scammers. "It is not time for people to think, 'I have a free pass to go rip people off in the name of crypto.' That is not the case."
Stablecoin growth requires green lights from regulators
While showing interest in stablecoins, some jurisdictions like the United Kingdom might be falling behind in the race to attract stablecoin operators if they don’t move faster with regulations, Collison said.
“You have companies that are being set up to serve this industry — if maybe there was a really good regulatory framework, they would choose to base here,” the Stripe exec said, adding:
“Without that certainty they go somewhere else. I think that’s the risk that we need to be aware of.”
Under the SEC's new leadership, the agency has shifted away from enforcement and toward engagement and regulatory rollback. It's held a series of roundtables led by Peirce and newly appointed Chair Paul Atkins.
The SEC has also begun dismantling key rules that once kept Wall Street on the sidelines. In January, it scrapped Staff Accounting Bulletin 121 — a controversial directive issued under former Chair Gary Gensler that forced banks to count crypto holdings as liabilities on their balance sheets. Peirce celebrated the reversal on X, posting, "Bye, bye SAB 121! It's not been fun."
In February, the agency followed up with new guidance indicating that it doesn't view most meme coins as securities under federal law, providing a boon to the Trump family.
President Trump and several of his family members are closely tied to crypto ventures, including the $TRUMP token, which launched just before his January inauguration. The coin currently boasts a market cap of about $2.4 billion, with its website claiming that 80% of the supply is held by the Trump Organization and affiliated entities.
Overall, Dell's revenue grew 5% on an annual basis. It said it expects revenue to grow 8% during the fiscal year.
Dell's server business is reported as part of its Infrastructure Solutions Group, which had $10.3 billion in sales during the quarter, a 12% rise. Of that, $6.3 billion was sales for servers and networking, and $4 billion was for computers that store data.
The company's laptop and PC business, its Client Solutions Group, recorded $12.5 billion in sales as the global PC market is expected to recover this year after several slumping years.
The computer maker also said it significantly stepped up its shareholder capital return during the quarter, spending $2.4 billion on share repurchases and dividends during the period. It spent $2.58 billion on share repurchases for all of its fiscal 2025, which ended in January.
!summarize #stefondiggs #patriots #onlymans #nfl #newengland
Synopsys pulls full-year guidance, citing new China export restrictions
Synopsys was already facing a slowdown in China. Now it's trying to assess the impact of new export restrictions.
Synopsys pulled its guidance for the full fiscal year on Thursday, citing a letter it received from the U.S. Commerce Department on restrictions of sales of its products in China. The stock closed down 1.6%.
The announcement comes one day after Synopsys CEO Sassine Ghazi disputed a report that the White House told the company, as well as rivals Cadence and Siemens, to stop selling to clients in China. He said he had wanted to address the swirling of speculation.
"Recall as we started sometime in FY 2024 communicating that we are seeing both a cumulative impact of the restrictions in China as well as the macro situation inside China have caused us to continue on communicating that this deceleration will continue, and that headwind has gotten stronger as we go through the each quarter over the last year, year and a half," he said. The 2025 fiscal year ends in October.
The Bureau of Industry and Security informed Cadence last week that the company will need a license to export its chip design software to customers in China, according to a Thursday filing.
"The letter stated that BIS has determined that these shipments pose an unacceptable risk of use in or diversion to a 'military end use' in China or for a Chinese 'military end user,'" Cadence said.
!summarize #portoflosangeles #cargo #tariffs #shipping
"I am glad to be working with Meta once again." Luckey said in a statement. "Of all the areas where dual-use technology can make a difference for America, this is the one I am most excited about."
Anduril also announced in December that it partnered with OpenAI on an artificial-intelligence initiative related to "national security missions."
Stocks Give Back Some of Their Recent Gains
Wall Street is giving back some of its gains from the week following a mixed set of profit reports from Gap, Ulta Beauty and other companies navigating the challenges created by President Donald Trump’s on-and-off tariffs.
The S&P 500 was down 0.44% in early trading Friday. The Dow Jones Industrial Average ticked down by 39.16 points, or 0.09%, and the Nasdaq composite was down 0.85% as of 10 a.m. EST.
Gap slumped after saying tariffs on imports from China and other countries could add up to $300 million to its costs this fiscal year. Wall Street has been preoccuppied with questions about what will happen with Trump’s tariffs.
!summarize #dallas #stars #peterdeboar #jakeoettinger #goalie #nhl #playoffs
Shares of Google parent Alphabet were largely stagnant ahead of closing arguments in a legal proceeding that will determine the changes imposed upon the company after being declared an illegal monopoly by a federal judge last year.
A key inflation report from the Commerce Department Friday morning showed that consumer prices rose just 2.1% in April compared with a year earlier, down from 2.3% in March and the lowest since September.
The Fed has left its benchmark borrowing rate steady at its last three meetings, in part due to uncertainty about how tariffs will impact prices.
Investors will be paying close attention as three Fed members are scheduled to make public comments on Friday.
Newsmax Renews Verizon Carriage Agreement, Makes SEC Filing
Newsmax Inc. (NYSE: NMAX) (“Newsmax” or the
“Company”) announced the filing of an 8-K with the Securities and Exchange Commission
(“SEC”).
The Company informed the SEC of the following:
Newsmax Inc. has entered into a multi-year renewal for distribution with Verizon Fios for its cable channel, Newsmax.
Newsmax, which is available on channel 616 (116 in SD) on Fios, will retain its current distribution on the Verizon pay TV platform.
The Verizon platform reaches approximately three million subscribers, mainly in the Northeast and Mid-Atlantic regions
Trump Accuses China of Violating Deal on Tariffs
President Donald Trump on Friday accused China of breaking its tariff agreement with the U.S., despite the deal he said had protected the country from grave economic danger.
In his comments on Truth Social, Trump said that the high tariffs he initially set on China made it "virtually impossible for China to TRADE into the United States marketplace, which is, by far, number one in the World."
On May 12, the two countries agreed on a 90-day suspension on most of the tariffs, but Trump on Friday said that the "bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!"
Trump said his initial tariffs were "devastating" for China, as "many factories closed and there was, to put it mildly, 'civil unrest.'"
Earlier in the day, a three-judge panel from the U.S. Court of International Trade found that Trump had overstepped his authority when imposing tariffs on imports from U.S. trading partners.
Two of the judges deciding the case were Republican appointees, including one Trump had seated on the bench, reports CBS News.
The Court of Appeals for the Federal Circuit quickly granted an emergency motion to stay the ruling, after the administration argued that stopping the decision was "critical for the country's national security."
In addition to attacking Leo, Trump also slammed the Federalist Society and the three judges who ruled against his tariffs.
"Where do these initial three Judges come from?" he said. "How is it possible for them to have potentially done such damage to the United States of America? Is it purely a hatred of 'TRUMP?' What other reason could it be?"
Leo, in a statement to Politico, said he's grateful for Trump's work in "transforming the Federal Courts, and it was a privilege being involved."
"There's more work to be done, for sure, but the Federal Judiciary is better than it's ever been in modern history, and that will be President Trump's most important legacy," Leo added.
Thursday, though, Trump posted that he was "disappointed in The Federalist Society because of the bad advice they gave me on numerous Judicial Nominations" and said that Leo left the conservative organization to "do his own thing.'"
Trump's relationship with Leo also reportedly became strained after Justices Kavanaugh, Amy Coney Barrett, and Neil Gorsuch, the three conservative justices he appointed to the Supreme Court, did not intervene to keep him in office after his 2020 loss to President Joe Biden.
Three other conservative justices, Chief Justice John Roberts, Justice Clarence Thomas, and Justice Samuel Alito, have also been linked to the Federalist Society, mainly through Leo, reports Time.