Trump 2nd term updates: Trump excludes low-value shipments from looming tariffs

ABC News Chief White House Correspondent Mary Bruce asked Trump about the current budget bill that passed in the House Tuesday night and its pending cuts and whether Medicare, Medicaid and Social Security would be cut.

"I mean, I have said it so many times. You shouldn't be asking me that question. OK? This will not be read my lips, it won't be read my lips anymore. We're not going to touch it," Trump responded.

While the budget blueprint itself does not mention Medicaid or Medicare directly, it sets a goal of at least $2 trillion in cuts to mandatory federal spending, which includes funding for entitlement programs like Social Security and Medicare.

The president claimed that there would be a reduction in fraud in those programs.

Musk flashed a black t-shirt reading "TECH SUPPORT" to the cameras.

This aligns with his earlier remarks arguing that DOGE is "actually tech support," particularly as they "fix the government computer systems" that he claims are old and make mistakes.

Trump suggests that U.S. investment in the Ukraine deal will serve as a barrier to Russia.

"It's a great deal for Ukraine, too, because they get us over there and we're going to be working over there … And you know, in that way, it's this sort of automatic security because nobody's going to be messing around with people when we're there," Trump said. "And so we'll be there in that way."

Trump was asked if his policy was to make sure "China will never take Taiwan by force," but the president refused to answer.

He then talked highly about his relationship with China President Xi Jinping and China, but did not mention Taiwan.

"We want them to come in and invest. I see so many things saying that we don't want China in this country, this right. We want them to invest in the United States. That's good," he said.