• President ends subsidies for poor … opens door for flimsy insurance plans … threatens Iran deal … vows love for Puerto Rico

• Get the day’s politics news in 60 seconds every weekday. By Tom McCarthy

Trump planted a time bomb under the Affordable Care Act by scrapping vital federal subsidies that help insurers extend quality coverage to low-income recipients. Then Trump said Obamacare was “imploding”.

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The late-night move followed an order by Trump earlier Thursday that ACA standards be dropped for some health insurance plans, allowing for cheaper coverage – which critics say also won’t cover much. About 12.7 million people rely on health insurance marketplaces created by the law.

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