In his first full cabinet meeting of his second term, which was attended by Elon Musk, President Donald Trump praised dramatic planned cuts to the Environmental Protection Agency and his planned 25% tariffs on European Union imports.
Musk, who runs the so-called “department of government efficiency” (Doge) team, said at the meeting that their goal was to achieve “$1tn in deficit reduction by financial year 2026” – already halving the $2tn in cuts he had promised during the campaign. He claimed this would require “saving $4bn per day, every day” until the end of September.
