Administration Launches

• The Trump administration has announced 'Operation Economic Fury,' implementing a comprehensive blockade against Iran as part of an expanded sanctions campaign. • The initiative represents a significant escalation in economic pressure against Iran, marking a shift in US foreign policy toward more aggressive measures. • This action comes amid broader geopolitical tensions in the Middle East and follows months of diplomatic tension between the US and Iran.

• The Trump administration is using Section 301 of the 1974 Trade Act to investigate foreign factory capacity and forced labor, aiming to offset $1.6 trillion in tariff revenue lost due to a Supreme Court ruling on February 20. • Public hearings are scheduled for May 5 on factory capacity and April 28 on forced labor, with the goal to complete probes before the current 10% import tariffs expire in 150 days. • Trump imposed a temporary 10% tariff on all imports post-ruling, plans to raise it to 15%, but faces challenges from two dozen states; remaining tariffs on China, Canada, steel, lumber, and cars expected to yield $668 billion over a decade.

The Trump administration announced the Genesis Mission on March 13, 2026, aiming to leverage AI and emerging technologies across energy, drug discovery, national security, and science in the US. Key ambitions include quantum computing advances, expanding the trained technical workforce, and delivering a new supercomputer blueprint by the end of 2026, with involvement from Dell CEO Michael Dell and Energy Department officials. This initiative ties AI policy to tangible outcomes like energy systems and defense, creating opportunities for startups in scientific AI and industrial software. Federal investments in compute and national labs are expected to boost US competitiveness against global rivals.