The Bulletin

• China exempts key US goods from tariffs: Chinese officials are quietly drawing up a "whitelist" of critical U.S. goods that importers rely on to exempt them from Beijing's retaliatory tariffs, Reuters reported. Find out more.

• North Korea's troop deaths in Ukraine war: The number of North Korean troops killed while fighting for Russia in Moscow's war against Ukraine is 600, South Korea has said.

• Trump's new order sparks 'martial law' concerns: President Trump has ordered federal agencies to increase the flow of military and national security equipment to local law enforcement, a move that has raised concerns about the militarization of policing across the United States. Get more details.

• US missiles on China's doorstep: The U.S. military has deployed a high-precision anti-ship missile launcher to a far-north Philippine province near Taiwan as part of the two allies' largest annual series of military drills, the Balikatan exercise. Read more.

• ICE agents raid home: Federal immigration authorities seized a family of U.S. citizen's phones, laptops, and life savings in Oklahoma City, before forcing them to stand outside in the rain in their underwear. Here's more on the incident.

• Trump tariffs: General Motors has issued a warning about how tariffs may affect its business in the future, as President Trump's administration promises some imminent relief for automakers in the U.S. Learn more.

• Florida tourism change sparks warning: Florida's tourism industry leaders are raising concerns over proposed legislation that could dismantle the existing tourism promotion infrastructure. Know more.

The rundown: President Donald Trump told ABC News' Terry Moran that he was "not being very nice" during a testy interview to mark his first 100 days in office on Tuesday. Here's what happened.

Why it matters: During Tuesday's interview, Trump and Moran clashed while discussing Kilmar Abrego Garcia, a Maryland man who was wrongly deported to El Salvador in March. Trump administration officials later admitted it was "an administrative error," but have insisted Abrego Garcia was a member of the MS-13 gang. His family denies any ties to gangs and he has no criminal record in the United States. Trump and Moran sparred over the president's claim that a photo shows Abrego Garcia with MS-13 tattooed on his knuckles. Trump posted a photo earlier this month of Abrego Garcia's hand with tattoos of a marijuana leaf, a smiley face, a cross, and a skull, which the administration says are symbols for "M", "S", "1", and "3".

Read more in-depth coverage:
How Trump's First 100 Days Went 'Beyond' Project 2025

TL/DR: "They're giving you the big break of a lifetime," Trump told Moran during the interview. "I picked you because, frankly, I never heard of you, but that's OK."

What happens now? Abrego Garcia remains in El Salvador and it is unclear whether he will be returned to the U.S.

Deeper reading Donald Trump Has Testy Exchange in ABC Interview: 'Not Being Very Nice'

The rundown: The price of gold has been on a monumental rally in recent weeks, driven by renewed demand amid rising economic and geopolitical tensions. Find out more.

Why it matters: Experts credited the surge to buying from the Asian market, and China in particular, telling Newsweek that gold bugs in both the public and private spheres appear to be increasingly banking on the metal's long-term safe-haven status, given the contemporary threats facing global trade. Early last week, the metal broke through $3,500 per troy ounce for the first time in history. Although it has since dropped to just over $3,300, gold is still priced around 40 percent higher than this time last year—and well above what some analysts had previously expected it to reach by the end of 2025. Adrian Ash, director of research at gold-trading platform BullionVault, said that the rise had been driven by Chinese private sector trade, with "huge jumps" in trading volumes observed on both the Shanghai Gold Exchange and the Shanghai Futures Exchange.

Read more in-depth coverage:
China Hoards More Gold as US Trade War Intensifies

TL/DR: Joseph Cavatoni, senior market strategist at the World Gold Council, said that investors across the globe were hoping to "mitigate risks in the face of continued volatility."

What happens now? Financial institutions have upped their forecasts for the yellow metal following the recent rally, Goldman Sachs giving a projection of $3,700 per ounce by the end of the year, and JPMorgan predicting prices above $4,000 by the second quarter of 2026.

Deeper reading Why Is China Buying So Much Gold?

The rundown: Donald Trump claimed he was "disliked enough by Canadians" to sway the election result in the country. Read his full remarks.

Why it matters: Speaking to The Atlantic days before Canadian Prime Minister Mark Carney's Liberal Party won Canada's snap election, the U.S. president said he had contributed to a shift from Conservative to Liberal success in the country. On Monday night, the Canadian Broadcasting Corporation said the Liberal Party had won more seats than the Conservative Party but had fallen short of a majority, meaning they will lead a minority government and rely on other parties to pass legislation. In the interview, which took place on April 24, days before Canadians voted in the election, Trump claimed that one policy area he had been "most successful with" was foreign relations and repeated his desire to make Canada "a great 51st state."

Read more in-depth coverage:
How Popular Is Trump in Canada? What Polls Show

TL/DR: Since returning to office, tensions between the U.S. and Canada have escalated.

What happens now? Carney has spoken to Trump and the leaders have agreed to meet in person "in the near future," according to a statement from Carney's office.

Deeper reading Donald Trump Says He Was 'Disliked Enough by Canadians' To Sway Election

The rundown: Pakistan said it has "credible intelligence" that India will launch a military strike within the next 24 to 36 hours. Here's everything we know about the tensions brewing between the two countries.

Why it matters: The comment was made by Pakistan's information minister Attaullah Tarar in a post on X. He claimed India's strike would come "on the pretext of baseless and concocted allegations of involvement in the Pahalgam incident." It comes amid reports of shooting along the Line of Control that separates Pakistan and India—nuclear-armed rivals—in the disputed Kashmir region. India has accused Pakistan of involvement in the Pahalgam massacre, which it describes as a "terror attack". Pakistan denies the accusation. The attack near the tourist town of Pahalgam was the deadliest attack on civilians in two decades with both India and Pakistan claiming the region.

Read more in-depth coverage:
US Tries to Calm India-Pakistan Tensions as Nuclear Fears Grow

TL/DR: The two nuclear-armed rivals have fought three wars over the mountainous territory that is divided by a de-facto border called the Line of Control.

What happens now? With tensions on a knife edge and Modi vowing last week to pursue the attackers "to the ends of the earth", diplomacy will try to ease the escalating tit-for-tat exchange of hostilities between the two countries.

Deeper reading Pakistan Braced For India Military Strike

The rundown: Donald Trump has pledged income tax relief for millions of Americans. But what exactly has the president promised? Find out here.

Why it matters: Earlier this month, Republicans approved a budget resolution that includes trillions of dollars in cuts to both taxes and government spending. Treasury Secretary Scott Bessent said on Tuesday that the forthcoming bill would also eliminate taxes on tips, overtime pay and Social Security benefits. Speaking at a Tuesday rally in Michigan to mark his first 100 days in office, Trump also renewed his commitment to these measures, all of which were key election campaign promises. Outside of the Republican budget bill, other lawmakers have taken action. A bipartisan group of lawmakers, led by Texas Representative Ted Cruz, introduced the No Tax on Tips Act in January.

Read more in-depth coverage:
Is MAGA Morale Down Amid Trump's Slide in Polls? What Rallygoers Say

TL/DR: In a Reuters/Ipsos poll conducted last week, just 36 percent of respondents approved of Trump's economic stewardship—the lowest level across both of his presidential terms.

What happens now? “We're going to take in long-term tariff revenue. We put a process in place,” Bessent said from the White House on Tuesday. "What President Trump is referring to is the ability for tariff revenue to give income tax relief, and I think there's a very good chance we will see this in the upcoming tax bill."

Deeper reading Americans To Get 'Income Tax Relief' in Tax Bill: What To Know