Trump signs rescissions package, closes out week with trip to Scotland

July 26, 2025 by updatesite

In May, the U.S. and the U.K. announced the two countries had agreed to a major trade deal, which marked the first historic trade negotiation signed following Liberation Day, when Trump announced widespread tariffs for multiple countries April 2 at a range of rates.

Trump, who is slated to remain in Scotland until Tuesday, is also scheduled to visit his golf courses in Turnberry and Aberdeen while abroad. 

Here’s also what happened this week:

Federal Reserve visit 

Trump visited the Federal Reserve headquarters Thursday, as he has ramped up digs at Federal Reserve Chairman Jerome Powell. 

Trump accompanied other administration officials for a tour of the headquarters, following $2.5 billion in renovations to the building. The massive project has attracted scrutiny from lawmakers and members of the Trump administration, including the president, who suggested the huge renovation could amount to a fireable offense. 

“I think he’s terrible … I didn’t see him as a guy that needed a palace to live in,” Trump said July 16. “But the one thing I would have never guessed is that he would be spending two and a half billion dollars to build a little extension onto the Fed.”

FOUR KEY TAKEAWAYS FROM TRUMP’S VISIT TO THE FEDERAL RESERVE WITH POWELL