President Trump has announced a summit with Russian President Vladimir Putin scheduled for Friday, Aug. 15 in Alaska.
The Trump administration is also once again escalating its clash with Harvard University, with Commerce Secretary Lutnick sending a letter Friday to Harvard President Alan Garber that accuses Harvard of violating its legal and contractual obligations related to federally funded research programs and patents.
Lutnick said the Commerce Department is launching an "immediate comprehensive review" of Harvard’s federally funded research programs.
Trump says Vance 'most likely' successor to lead MAGA but 'too early' to discuss
Trump was asked Tuesday if Vice President JD Vance is the heir apparent to the MAGA movement in 2028.
"I think most likely, in all fairness, he's the vice president," Trump responded. "And I think Marco [Rubio] is also somebody that maybe would get together with JD in some form. I also think we have incredible people, some of the people on the stage right here. So it's too early, obviously, to talk about it, but certainly he's doing a great job."
President Donald Trump, accompanied by Vice President JD Vance, delivers remarks before signing an executive order to create a White House Olympics task force to handle security for the 2028 Summer Olympic Games, in Washington, Aug. 5, 2025.
Jonathan Ernst/Reuters
Aug 05, 2025, 5:03 PM EDT
Trump says he'll announce new Fed governor by end of the week
Trump said he plans on filling the vacant seat on the Fed board left open by Adriana D. Kugler by the end of the week.
"We'll either decide on one for permanent or the four-month period. The term, you know, there's a term of about a number of months. We have a couple of candidates," he said.
Aug 05, 2025, 5:00 PM EDT
Trump says he'll determine tariffs on countries that buy Russian oil
Trump was asked about his threat to impose tariffs on all countries that buy Russian oil.
The president said that the U.S. was going to have a meeting with Russia Wednesday.
"We're going to see what happens. We'll make that determination at that time," he said.
Aug 05, 2025, 5:12 PM EDT
Trump signs order establishing 2028 Olympics task force
Trump on Tuesday signed an executive order establishing a White House task force on the 2028 Summer Olympics, which are being held in Los Angeles. Trump said the order will mobilize various government agencies "to ensure the games are safe, seamless and historically successful."
"America is a nation of champions, and in July 2028, we'll show the world what America does best. And that's when we're winning like we have never won before," Trump said.
Members of the task force include Vice President JD Vance, Attorney General Pam Bondi, Homeland Security Secretary Kristi Noem, White House chief of staff Susie Wiles and other officials.
President Donald Trump speaks before signing an executive order in the South Court Auditorium in the Eisenhower Executive Office Building, Aug. 5, 2025 in Washington.
Win McNamee/Getty Images
Also present for Tuesday's signing was Olympic gymnast Nastia Liukin, Paralympian swimmer Brad Snyder and chairman of the U.S. Olympic Committee Gene Sykes.
Trump thanked Sykes for changing the committee's policy to bar transgender women from being eligible to compete for the United States in the Olympic or Paralympic Games in women's categories.
"The United States will not let men steal trophies from women at the 2028 Olympics. So, we appreciate the fairness and everything else that you've shown," Trump said.
