It’s the mark of an influential president that economists attempt to distill their various policies into a coherent school of thought.

Reaganomics meant trickle-down tax cuts and tight monetary policy; Clintonomics focused on fiscal discipline and free trade; and Obamanomics meant middle-class tax credits and expanded access to health care.

Then there’s President Donald Trump, whose policies don’t fit neatly into a straightforward explanation.

In his first term, Trump stuck to standard conservative fare of tax cuts and deregulation. Despite vowing to fight for America’s “forgotten men and women,” his $1.9 trillion tax cut package largely benefited top earners and multinational firms. His most dramatic innovation was reviving the use of tariffs and threatening trade wars, but he mostly backed down in favor of tinkering with a free trade deal with Canada and Mexico.

But if Trumponomics 1.0 was a slightly more bellicose version of trickle-down economics, it’s clear that his second term is a much different animal. One that’s broken free of its cage.

Read Joseph Zeballos Roig’s full column here.

On Sunday, Trump ordered the U.S. Air Force and Navy to attack three Iranian nuclear sites: Fordow, Natanz and Isfahan, in an operation called “Midnight Hammer.”

Here are some highlights of the president’s actions over the last seven days:

The news can feel overwhelming. But each week, we’re highlighting a person, organization or movement that’s sticking up for their principles or their fellow Americans. This week’s challenger is Rep. Thomas Massie.

As a libertarian-leaning maverick in the GOP, Rep. Thomas Massie of Kentucky has long been out of favor with Trump. But his decision to criticize the president’s decision to bomb Iran put him at the top of the list. Trump called Massive “weak” and “ineffective” and said his criticism amounted to disrespecting the military. The president also launched Kentucky MAGA, a super PAC dedicated to defeating Massie in the 2026 Republican primary. In an interview with a conservative podcaster, Massie said he was aware of the risk. “It’s going to be a hell of a fight,” he said. Read more.

It’s no secret that President Trump wants the Federal Reserve to lower interest rates, but Fed Chairman Jerome Powell made clear in testimony on Capitol Hill Tuesday that so long as inflation is moving away from its target of 2%, interest rates will stay where they are. Already, the Fed expects its measure for inflation to rise in May from 2.5% to 2.6% — but we still haven’t felt the full force of Trump’s tariffs. Absent any “deals” or further pauses, Trump’s highest tariff rates are set to return on July 9. As Powell told lawmakers, “all forecasters are expecting pretty soon that some significant inflation will show up from tariffs. We can’t just ignore that.”