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

President Donald Trump's first sit-down interview of his second term will be with Fox's Sean Hannity in the Oval Office.

It will air on Wednesday at 9 p.m. ET, the network announced.

During the interview, Trump will "discuss the executive orders he's signed thus far, his first 100 days in office and news of the day," according to the release from the news channel.

During his first term, Trump sat down with ABC News' David Muir for his first interview. That interview took place just five days after he was sworn into office in 2017.

-ABC News' Michelle Stoddart

Tariffs were not in the executive orders Trump signed on Monday night and he suggested he’s still undecided on how far they might go -- which investors are reading as a good sign, reflected by the rallying market on Tuesday.

Trump said he was now targeting Feb. 1 as a potential target date for tariffs to take effect against Mexico and Canada, which he said could be as high as 25%. He said any plans for blanket tariffs are “not ready” just yet.

Trump has a history of using the threat of tariffs as a governing style.

Urging Mexico to crack down on border crossings in 2019, Trump threatened to slap a tariff on the country within 10 days through the International Emergency Economic Powers Act (IEEPA) but relented after Mexico committed to specific measures.

-ABC's Cheyenne Haslett and Elizabeth Schulze

Trump said Biden gave a "very nice letter" before he left office and that he appreciated it.

"It was an inspirational-type letter," he said. "Do a good job. Important, very important how important the job is."

Capitol Police Chief Thomas Manger sent an internal memo praising officers following the pardons made by President Donald Trump and former President Joe Biden. The memo was obtained by ABC News Senior Political Correspondent Rachel Scott.

Manger said that "when there is no price to pay for violence against law enforcement, it sends a message that politics matter more than our first responders."

Manger cited the pardons from Trump for Jan. 6 rioters and from Biden for commuting the sentence of Leonard Peltier, a man convicted of the murder of two FBI agents in 1975.

"Police willingly put themselves in harm's way to protect our communities. When people attack law enforcement officers, the criminals should be met with consequences, condemnation and accountability," Manger said.