Trump 2nd term updates: Trump attends the Super Bowl

President Donald Trump continued to tout his plan for Gaza, despite widespread backlash and continuing questions over its feasibility.

"Basically the United States would view it as a real estate transaction, where we'll be an investor in that part of the world," Trump said on Friday. "And no rush to do anything."

Trump's been forced to dial back some aspects of his proposal for a U.S. takeover of Gaza after first saying he'd use the military if necessary and suggesting a permanent resettlement of Palestinians -- which experts said would be a violation of international law and possibly a war crime. United Nations Secretary-General António Guterres warned against "any form of ethnic cleansing" after Trump's comments.

Trump is now asserting Gaza would be turned over to the U.S. by Israel, who he said would handle its security.

Trump on Friday said the plan "would lead to great stability in the area for very little money, very little price, and we wouldn't need soldiers at all. That will be taken care of by others, and the investments are taken care of by others also. So for no investment, I mean virtually no investment whatsoever, it would bring stability to the area, and others can invest in it later on."

Trump amended his executive order on Chinese tariffs Friday, postponing a major change that imposed tariffs on low-value shipments from China.

The original executive order eliminated "de minimis" treatment for Chinese imports, a longstanding loophole in U.S. trade law that allows shipments valued at under $800 to enter the U.S. duty-free. That would have meant that goods coming from Chinese online retailers like Shein and Temu face steep tariffs for the first time.

Now, an amended version of the order says those tariffs won't go into place until the Commerce Department develops systems to process the shipments and collect revenue from tariffs.

This reversal comes after Trump met Thursday with FedEx executive chairman and founder Fred Smith. Carriers like FedEx, DHL and UPS would be heavily impacted by the new tariffs on low-cost goods from China.

-ABC News' Michelle Stoddart and Elizabeth Schulze

As he met with Japanese Prime Minister Shigeru Ishiba in the Oval Office, President Donald Trump was asked about the Time magazine cover showing Elon Musk behind the Resolute Desk.

Trump first swiped at Time by asking if they were "still in business" -- despite receiving their "Person of the Year" award in December and called it an honor -- before going on to praise Musk and his staff.

"Elon is doing a great job. He's finding tremendous fraud and corruption and waste," Trump told reporters. "You're seeing it with the USAID but you're going to see it even more so with other agencies."

Trump continued to allege, without evidence, that USAID is spending money fraudulently.

Trump on Friday shared a photo of him standing next to Elon Musk and Tucker Carlson.

The men are standing in the colonnade next to the White House Rose Garden in the West Wing. Musk and Carlson are wearing oversized MAGA hats, and all three men are giving a thumbs up.

Musk on Thursday shared a photo where he was wearing the oversized hat in the Oval Office.

-ABC News' Molly Nagle