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Trump 2nd term live updates: Trump defends tariffs, declines to comment on Ukraine aid

Trump said tariffs will be the "greatest thing we've ever done as a country."

Last Updated: March 9, 2025, 8:31 PM EDT

President Donald Trump is defending his decision to pause some tariffs to Canada and Mexico for another month -- a notable reversal after imposing historic levies on the key U.S. trading partners earlier this week, causing markets to tumble.

On Friday, Trump signed more executive orders at the White House before he convened a first-ever cryptocurrency summit with industry leaders.

Mar 07, 2025, 11:46 AM EST

White House officials detail strategic Bitcoin reserve

Senior White House officials provided more details about the strategic Bitcoin reserve and U.S. digital assets stockpile that President Donald Trump created Thursday through an executive order.

The officials stressed it is using the digital assets that the United States government already owns and have been obtained through criminal or civil forfeiture proceedings. The White House said the government will not be purchasing additional Bitcoin assets at this time.

President Donald Trump signs an executive order in the Oval Office of the White House in Washington, Mar. 6, 2025.
Al Drago/Pool/EPA-EFE/Shutterstock

The officials said they believe that the U.S. maintains about 200,000 Bitcoin that "will be placed in the strategic reserves so that we do have a long-term strategy to maximize the value." Those assets will not be sold, officials said.

-ABC News' Elizabeth Schulze and Molly Nagle

Mar 07, 2025, 9:50 AM EST

Trump says he's mulling sanctions, tariffs against Russia

President Donald Trump said he's now considering sanction and tariff actions against Russia until a ceasefire and peace agreement is reached.

President Donald Trump in Washington, Mar. 6, 2025 and Russian President Vladimir Putin in Moscow, Mar. 7, 2025.
EPA-EFE/Shutterstock/AP

"Based on the fact that Russia is absolutely 'pounding' Ukraine on the battlefield right now, I am strongly considering large scale Banking Sanctions, Sanctions, and Tariffs on Russia until a Cease Fire and FINAL SETTLEMENT AGREEMENT ON PEACE IS REACHED. To Russia and Ukraine, get to the table right now, before it is too late. Thank you!!!" Trump posted on Truth Social Friday morning.

It's not clear what additional sanctions the U.S. could put on Russia after the Biden administration consistently ramped up sanctions on Russia, nor is it clear what tariffs Trump could levy on imports from Russia.

-ABC News' Molly Nagle

Mar 07, 2025, 9:39 AM EST

DOGE can access sensitive Treasury Dept records, judge rules

A federal judge is allowing DOGE to access sensitive Treasury Department records and payment systems for now.

U.S. District Judge Colleen Kollar-Kotelly denied a request Friday to issue an injunction blocking their access and dissolved her earlier order, determining the three federal unions who brought the case failed to prove DOGE's access to the records would cause irreparable harm.

The U.S. Department of the Treasury building is seen in Washington, Nov. 18, 2024.
Jose Luis Magana/AP, FILES

"For a time, parts of Silicon Valley embraced an unofficial credo of disruption: 'Move Fast and Break Things.' Plaintiffs, three large membership organizations, suggest that parts of the Executive Branch are now doing the same," she wrote before concluding that the unions failed to prove DOGE had caused serious damage," Kollar-Kotelly, a Clinton appointee, wrote.

Representatives from DOGE are still subject to a separate court order in New York that limits their access.

-ABC News' Peter Charalambous

Mar 07, 2025, 9:28 AM EST

Education secretary says Trump intends sign order to dissolve department, but unclear when

Education Secretary Linda McMahon told Fox and Friends that President Donald Trump "intends" to sign an executive order to dissolve the Department of Education, but it's still unclear when.

"I don't know. I don't want to get ahead of the president," she said, adding "I think you'd have to check with the White House."

The White House pulled the expected signing on Thursday, citing concerns of blowback the order would receive, specifically if vital federal programs could no longer exist. Without giving any details, McMahon said she and Trump have spoken about the order and he is "crystal clear" on the move.

Secretary of Education nominee Linda McMahon listens as President Donald Trump speaks during a cabinet meeting at the White House in Washington, DC, Feb. 26, 2025.
Jim Watson/AFP via Getty Images

As ABC News previously reported, a draft of the order calls on McMahon to facilitate a department closure by taking all necessary steps "permitted by law," sources said.

"He certainly intends to sign the order," McMahon said. "His intent is to provide quality education through school choice to all students, and he wants to make sure that education is back at the state level where it belongs, that that our local school boards, that governors and teachers and parents are really the ones that are involved mostly in their children's education."

-ABC News' Arthur Jones II

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