Trump’s trade deals have redefined the American presidency. He has brought in trillions of dollars of value for the U.S. based on powers that other presidents never used or even realized they had.

This was a historic week for AI policy. President Trump gave his first major speech on AI, the White House released its AI Action Plan, and President Trump signed three important executive orders. If you missed it, here is a recap of the major themes and actions. 🧵

The AI race is on. China followed the Trump Administration in releasing its own AI Action Plan. Its emphasis: international cooperation. China wants to spread its technology across the world on a “Digital Silk Road.” The Biden Administration foolishly enabled this; its so-called Diffusion Rule stymied American AI exports. Under President Trump’s leadership, we now have a new policy of promoting AI exports and making American technology the global standard.

🚨Scott Bessent on the economy: AI will allow us to "run it hot" Treasury Secretary @SecScottBessent breaks down the positive impact of non-inflationary growth driven by AI "We're full speed ahead." "June was the first positive June for the Treasury since 2015." "We actually had a surplus, and we did that in a good way. We took in more revenues, some from tariffs, and we brought down spending." "When I think about what we can do here, what I'm really excited about is the idea (that) with AI, we can go back to the paradigm when I was younger in the 90s, Alan Greenspan was able to run the economy very hot because it was the IT boom, and we had this very powerful non-inflationary growth." "And I think that it's highly likely we could have that now." "And so that kind of growth would bring down the deficit very quickly." Thanks to our partners for making this happen: @NYSE: @VISA:

🚨JD Vance: "I don't want companies to fire 9,000 American workers and then go and say, 'We can't find workers here in America.' That's a bullsh*t story." @JDVance: "You see some Silicon Valley technology firms, especially the big firms, say that they are desperate for workers, that they can't find workers, that they have to use overseas visa programs to find workers." "And yet at the same time, the college educated employment rate for STEM graduates in this country seems to be declining." "Well, wait a second. If you're not hiring American workers coming out of colleges for these jobs, then how can you say that you have a massive shortage in these jobs?" "And by the way, you see some big tech companies where they'll lay off 9,000 workers and then they'll apply for a bunch of overseas visas." "That doesn't totally make sense to me." "That displacement and that math worries me a bit." "And what the president has said, he said very clearly, we want the very best and the brightest to make America their home. We want them to build great companies and so forth." "But I don't want companies to fire 9,000 American workers and then to go and say, we can't find workers here in America." "That's a bullsh*t story." @VP @WhiteHouse Thanks to our partners for making this happen: @NYSE: @VISA:

Thanks to @andrewrsorkin @CNBC for a good conversation this morning on President Trump’s historic AI speech and action plan:

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.@davidsacks47: "In order to enable these new data centers... you have to build more power generation — but that's the whole point of the Executive Order and that's the whole point of @POTUS' policy around making it easier to Drill, Baby, Drill."

This is what I voted for: 5 Cabinet Secretaries plus the VP and President just showed up for a conference on Winning AI.

Incredible leadership @sriramk @DavidSacks! ❤️🇺🇸