As trade negotiations played out, Trump welcomed billionaire media mogul Rupert Murdoch to the Oval Office as he signed an executive order to begin creating a US sovereign wealth fund. Trump praised the “legendary” Murdoch, as well as fellow billionaire Larry Ellison, who was also present for the announcement.
But Trump did not shy away from criticising Murdoch’s newspaper The Wall Street Journal in front of him. The business-friendly paper has been highly critical of Trump’s tariffs, calling the move “the dumbest trade war in history”.