In this episode of The President's Daily Brief:

• New tariffs on Canada, Mexico, and China just went into effect—so what does that mean for your wallet? We’ll break down where you can expect to pay more as the effects start hitting.

• A major curveball in Middle Eastern relations—reports say the U.S. could turn to Russia to help broker a new Iranian nuclear deal.

• Taiwan Semiconductor Manufacturing is committing $100 billion to expand chip production in the U.S. It’s a huge investment with major implications for both the economy and national security.

• And in today’s Back of the Brief—as protests flare up again on college campuses nationwide, Donald Trump is threatening to cut federal funding for any school that allows illegal demonstrations. We’ll break down what he said and what it could mean.

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