Trump 2nd term updates: Trump says USAID is run by 'radical lunatics'

The comments came amid turmoil as DOGE took over USAID offices last week.

President Donald Trump made good on his threats to impose tariffs on some of the U.S.'s trading partners, announcing Saturday that he will levy 25% tariffs on some goods from Canada and Mexico and 10% on Chinese goods.

Experts have warned that tariffs of this magnitude will likely increase prices paid by U.S. and Trump appeared to acknowledge that “some pain” might be possible in the U.S.

Meanwhile, the Senate Finance Committee announced it will meet Tuesday, when it is expected to vote on the controversial nomination of Robert F. Kennedy Jr. for secretary of Health and Human Services.

Jan 21, 2025, 5:35 PM EST

CEOs tout 'Stargate' joint AI infrastructure project with Trump

SoftBank CEO Masayoshi Son, OpenAI's Sam Altman and Oracle's Larry Ellison joined President Donald Trump at the White House to tout the $500 billion investment in the "Stargate" venture.

PHOTO: President Donald Trump, from left, speaks as Masayoshi Son, SoftBank Group CEO, Larry Ellison, chairman of Oracle Corporation and chief technology officer, and Sam Altman, OpenAI CEO listen at the White House, on Jan. 21, 2025, in Washington, D.C.
President Donald Trump, from left, speaks as Masayoshi Son, SoftBank Group CEO, Larry Ellison, chairman of Oracle Corporation and chief technology officer, and Sam Altman, OpenAI CEO listen in the Roosevelt Room at the White House, on Jan. 21, 2025, in Washington, D.C.
Julia Demaree Nikhinson/AP

"We will immediately start deploying $100 million ... because of your success," Son said.

The businessmen said they plan on using artificial intelligence for various projects, including medical research.

"I'm thrilled we get to do this in the United States of America," Altman said.

Trump said he will be helping "a lot through emergency declarations because we have an emergency -- we have to get this stuff built."

Jan 21, 2025, 4:21 PM EST

Trump meets with GOP leadership

The meeting between President Donald Trump, House Speaker Mike Johnson and Senate Majority Leader John Thune started around 3:20 p.m. ET in the Oval Office, according to the White House.

Trump is still expected to take more executive actions on Tuesday, as well as make an infrastructure announcement.

Jan 21, 2025, 3:54 PM EST

Tech billionaires to visit White House, per source

SoftBank CEO Masayoshi Son, OpenAI's Sam Altman and Oracle's Larry Ellison are expected to be at the White House Tuesday afternoon, according to a source familiar with the matter.

President Trump is set to announce $500 billion in private sector investment to build artificial intelligence infrastructure. It's a joint venture of three companies -- OpenAI, Softbank and Oracle -- collectively called Stargate.

President Donald Trump speaks to the press at the White House after attending the National Prayer Service at the Washington National Cathedral in Washington, Jan. 21, 2025.
Chip Somodevilla/Getty Images

Last month, Trump announced with SoftBank's Son in Mar-a-Lago that SoftBank would invest $100 billion in US projects over the next four years, creating 100,000 jobs. Those investments will focus on infrastructure that supports AI, including data centers, energy generation, and chips, according to a source.

The new announcement Tuesday has "overlap" with SoftBank's previous commitment of $100 billion, according to a source, who clarifies that this is not an entirely separate commitment.

– ABC's Selina Wang

Jan 21, 2025, 3:52 PM EST

Inside the White House on Day 1

While the Trump team had a flurry of executive actions ready to go within minutes of the president being sworn in, behind the scenes staff are still unpacking and getting accustomed to their new surroundings.

Staffers are buzzing about, unpacking, and trying to get their email up and running. The press email system is still a work in progress.

While the Oval Office was quickly transformed back to Trump's liking, members of his administration are now moving around their own office furniture and pondering what to put in the empty frames that sit askew on their walls.

One thing that was quick to turn over -- the "jumbos," the large glossy official photographs of the president that line the west wing hallways.The Trump team has already put up framed images of yesterday's inauguration.

– ABC's Mary Bruce, Karen Travers, and Molly Nagle