Trump admin live updates: Trump says Hamas will release hostage Edan Alexander

Trump held a swearing in ceremony for David Purdue, his ambassador to China, in the Oval Office on Wednesday. Trump praised Purdue, a former senator, for his past business experience for companies like Reebok and Dollar General.

"Now I'm entrusting David to help manage one of America's most complex and consequential foreign relationships," Trump said. "And I know he'll do a fantastic job as our lead diplomat in Beijing. David will work to promote American interest and stability in the Indo-Pacific, help stop the flood of Chinese fentanyl across our borders, which we have to do."

Purdue's swearing in comes as the administration prepares to meet with Chinese officials on trade and economic matters. Treasury Secretary Scott Bessent said the meetings will take place on Saturday and Sunday.

A memo from a car dealer obtained by ABC News details the price increases for three Ford car models that started on May 2.

The Ford Maverick, Bronco Sport and Mach-E all saw their prices go up. Some vehicles will cost as much as $2,000 more.

Ford said earlier this week that Trump’s tariff trade war would add about $2.5 billion in costs for 2025, though the company expects to offset $1 billion of those costs.

-ABC News' Taylor Dunn

Democratic Rep. Ayanna Pressley brought up concerns from parents who will have to pay more for car seats, strollers and other items under Trump's tariffs.

The Massachusetts Democrat pushed Bessent for an exemption for these products and after a back-and-forth he said it was "under consideration."

"You all claim you are pro-family. I cannot hear the words you say because I see the things you do," she said.

"I don't know what's stopping an exemption from going into effect now. Do it now," the congresswoman added.

Democratic Rep. Joyce Betty got into heated questioning with Bessent concerning the change of the $20 bill from President Andrew Jackson to the underground railroad leader Harriet Tubman.

The plan was announced in 2016, but stalled during Trump's first administration.

Bessent said he didn't have an update and his staff would get back to her, which infuriated the Democrat.

"There seems to be an issue when it comes to things that affect people of color or people who live in poverty," Betty said.

The congresswoman then pushed back against committee chairman Rep. French Hill who tried to end her time.

"I need him to address. He will answer me," she said.