President Donald Trump has ramped up his ongoing attacks against Jerome Powell, demanding that the Federal Reserve chair lower interest rates as he faces a fresh revenge plot by the president. In a bizarre social media post in which Trump described himself as “Mr Tariff”,

In today’s newsletter: Trump ramps up economic pressure on Iran by announcing a 25% tariff on countries doing business with it. The Supreme Court prepares to weigh oral arguments on transgender student-athletes. And an unlikely presidential ally emerges as the administration rolls out a new economic agenda to address affordability concerns.

The speech at the Detroit Economic Club comes after major foreign policy moves have overshadowed domestic policy.