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Trump 2nd term live updates: Trump defends tariffs, declines to comment on Ukraine aid

Trump said tariffs will be the "greatest thing we've ever done as a country."

Last Updated: March 9, 2025, 8:31 PM EDT

President Donald Trump is defending his decision to pause some tariffs to Canada and Mexico for another month -- a notable reversal after imposing historic levies on the key U.S. trading partners earlier this week, causing markets to tumble.

On Friday, Trump signed more executive orders at the White House before he convened a first-ever cryptocurrency summit with industry leaders.

Mar 07, 2025, 12:56 PM EST

Trump admin cancels $400M worth of grants to Columbia University

The Trump administration has canceled $400 million worth of grants and contracts to Columbia University for "the school's continued inaction in the face of persistent harassment of Jewish students," according to the Justice Department, Dept. of Health and Human Services, the Department of Education and the GSA.

The administration said that on March 3 the Joint Task Force to Combat Anti-Semitism, which is comprised of DOJ, HHS, Ed and GSA components, notified Columbia's administration that "that it would conduct a comprehensive review of the university's federal contracts and grants in light of ongoing investigations under Title VI of the Civil Rights Act," according to a press release from the agencies.

The university didn't immediately comment.

-ABC News' Luke Barr

Mar 07, 2025, 12:52 PM EST

Trump dodges questions about Russian attacks

President Donald Trump was asked if Russian President Vladimir Putin is taking advantage of America's pause on intel and military aid to Ukraine following its attacks on Friday morning.

President Donald Trump delivers remarks in the Oval Office of the White House in Washington, Mar. 7, 2025.
Jim Watson/AFP via Getty Images

"I think he's doing what anyone else would do. I think he's hitting them harder. He wants to get it ended," he responded.

Earlier in the day, Trump threatened Russia with sanctions and tariffs.

Mar 07, 2025, 12:48 PM EST

Trump admits there could be 'some disturbance' from tariff policy

President Donald Trump was asked on Friday how much economic disturbance he is willing to accept as a result of his tariff policy, and how long Americans should expect things to cost a little more.

"There could be some disturbance, a little bit of disturbance," he said.

President Donald Trump speaks from the Oval Office of the White House in Washington, Mar. 7, 2025.
Jim Watson/AFP via Getty Images

After a back-and-forth with his tariff policy in recent days paired with market instability, a reporter asked Trump if he was done with pauses or carveouts.

"There will always be changes and adjustments," Trump said, later adding "but very little."

Mar 07, 2025, 12:36 PM EST

Trump says reciprocal tariffs on Canada could come 'as early as today'

President Donald Trump said he could hit Canada with reciprocal tariffs as early as Friday, according to a feed provided by the White House of his remarks in the Oval Office, as he claimed Canada's been "ripping us off for years on tariffs on lumber and on dairy products."

"They'll be met with the exact same tariff unless they drop it, and that's what reciprocal means," Trump said. "We may do it as early as today, or we'll wait until Monday or Tuesday but that's what we're going to do. We're going to charge the same thing."

President Donald Trump delivers remarks in the Oval Office of the White House in Washington, Mar. 7, 2025.
Jim Watson/AFP via Getty Images

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