President has faced anger in his own party for suspending tariffs on foreign beef to lower grocery prices

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A reminder that we are covering the latest out of Jackson Hole, Wyoming, where Kevin Warsh – the new chair of the Federal Reserve – will deliver his first speech as the head of the US central bank at the annual economic policy symposium.

As my colleagues note, Warsh is under pressure to provide clarity on how the Federal Reserve should handle with inflation if price pressures don’t abate.

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On Wednesday, Trump officially signed a proclamation on Wednesday that suspends higher tariffs on 300,000 metric tons of foreign beef imports for 90 days. This comes after backlash to the proposal – designed to lower grocery costs for Americans in the run-up to the November midterms.

Several Republicans – in states with sizable cattle farming industries – have criticized the policy, saying it is a short term solution that will stymie ranchers’ ability to rebuild their herds.

Four leading livestock and agricultural organizations also wrote a letter to the president on Wednesday urging him to reverse course.

“Flooding the market with discounted foreign beef is not the way to rebuild the American cattle herd, strengthen food security, or lower grocery bills in a lasting way,” the groups wrote.

Donald Trump will begin his day in Washington, before traveling to Houston, Texas where he’ll headline a Republican National Commitee (RNC) fundraiser, and help boost Ken Paxton — the state’s attorney general and Republican nominee for Senate.

A reminder that Paxton beat long serving Senator John Cornyn in the GOP primary earlier this year after receiving Trump’s endorsement. Paxton is set to face Democratic state lawmaker James Talarico in November.

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A US military strike on an alleged drug trafficking boat in the Caribbean on Tuesday killed four people, officials said.

US Southern Command (SOUTHCOM) said in a post on X that the strike targeted a vessel “operating along established narco-trafficking routes in the Caribbean.”

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• US supreme court rules Trump can proceed with crackdown on mail-in voting

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Donald Trump has threatened to increase tariffs on Canadian cars, trucks, auto parts and steel to 50% today, after trade negotiations between Washington and Ottowa broke down last week.

On Truth Social, the president blasted Canada, and said the new duties will go into effect on 1 January 2027.

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• Donalds and Jolly to face off in Florida governor race

• Democratic socialist Angie Nixon wins Senate primary

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President Donald Trump posted an image of a map of the strait of Hormuz on his social media platform Truth Social, with a circle around the strait and the words “New US Territory” as the title on Tuesday morning.

This follows comments made on Friday at a speech at a police academy on Long Island, New York, where Trump said “After we finish defeating Iran, which is being very badly defeated, pretty soon I’ll be declaring the Hormuz strait a territory of the United States. … Essentially, that’s what it is. We have the blockade. No ships get through unless we want them to.”

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Republican senator Thom Tillis deplored Trump’s decision to cut US military drills with South Korea, which comes despite military officials from both countries warning that Kim Jong-un’s regime is learning new battlefield expertise, including new drone tactics, from assisting Russia with its war in Ukraine.

Tillis wrote on X:

South Korea has been a solid military ally for over 70 years that possesses exquisite military capabilities. Reducing joint exercises with South Korea does nothing more than free up thousands of North Korea’s troops to support Putin’s systematic kidnapping, torture, rape, and murder of innocent Ukrainian citizens.