They're pushing a 55% budget cut. There is absolutely no universe in which you can justify that with rhetoric around "DEI" science. This is going to cut very, very deep into basic STEM / biomedical research.
They're cancelling mRNA research, they're flagging research that uses words like "trauma" or studies how medications impact men and women differently. There's no sensible agenda behind all of this, it's just backlash and destruction done haphazardly. This is no different from the Department of Defense deleting the Tuskegee Airmen from the website because "DEI", except far far more consequential.