Trump admin live updates: FAA flight cuts to end Monday morning

President Donald Trump said Friday that his recent promise to send Americans $2,000 dividend checks to be distributed from tariff revenues would be something that happened down the line, maybe in the "next year."

"Not for this year. It'll be next year sometime," Trump told reporters on Air Force One. "It's a lot of money, but we've taken in a lot of money from tariffs. The tariffs allow us to give a dividend."

Trump announced the policy proposal in a brief message on social media on Sunday morning, focused on tariff-related tax revenue. The message did not specify who would qualify for the payout or how the policy would operate.

-ABC News' Lalee Ibssa, Hannah Demissie and Isabella Murray

A short time after signing an executive order to reverse some of the reciprocal tariffs he first announced in April, President Donald Trump said he doesn't think additional rollbacks of his tariff policies will be needed. He conceded, however, that prices have gone up for Americans on goods such as coffee.

"I don't think it'll be necessary," Trump told reporters on Air Force One on Friday regarding additional tariff rollbacks. "We just did a little bit of a rollback on some foods, like coffee as an example, where the prices of coffee were a little bit high. Now they'll be on the low side in a very short period of time. I'm very good at this."

When pressed on his statement claiming that his expansive tariff policy won't increase the price of goods for consumers for months, Trump responded, "I said they may," and defended his tariff policies.

"The single greatest thing we have right now is the use of tariffs. And I used it properly for years," he said. "They've been used against us, and I think you know, whether you call them tariffs or anything else, if you didn't use them, you really would have an unguarded disaster on your hands."

-ABC News' Lalee Ibssa, Hannah Demissie and Isabella Murray

President Donald Trump signed a sweeping executive order on Friday that modifies the reciprocal tariffs he first announced in April.

The order removes reciprocal tariffs on many foods -- a reversal from the White House, as many Americans struggle with the high cost of living, including rising grocery prices.

The White House said certain agricultural products will no longer be subject to reciprocal tariffs, including coffee and tea; tropical fruits and fruit juices; cocoa and spices; bananas, oranges, and tomatoes; beef; and additional fertilizers.

This executive order does not mean these goods will be completely tariff-free but that they will face significantly lower rates than those imposed by the president this summer. These carve-outs apply to all countries, not just the ones that have struck trade deals with the White House.

Trump's order on Friday comes as his administration faces economic pushback across the country. A recent ABC News/Ipsos poll found that over six in 10 Americans disapprove of how Trump is handling tariffs, the economy and managing the federal government.

-ABC News' Elizabeth Schulze, Isabella Murray and Hannah Demissie

Speaker Mike Johnson said the House will hold a vote next week on the Epstein files bill associated with the discharge petition effort.
GOP leaders are tentatively planning for a Tuesday afternoon vote on the Epstein bill, according to two sources familiar with the planning.

The discharge petition secured 218 signatures when Democratic Rep. Adelita Grijalva signed on after being sworn in on Wednesday.

-ABC News' Lauren Peller