Trump calls for famed Alcatraz prison to be reopened, expanded

President Donald Trump is taking aim at the film industry, saying in a post on Truth Social on Sunday that he is instituting a 100% tariff on all movies produced overseas.

The president claimed that other countries' "concerted effort" to offer incentives to draw American filmmakers and film studios internationally is a national security threat.

"Hollywood, and many other areas within the U.S.A., are being devastated. This is a concerted effort by other Nations and, therefore, a National Security threat," Trump wrote.

The president said he's authorizing the Department of Commerce and the United States Trade Representative to immediately begin the process of instituting a 100% tariff on "any and all Movies coming into our Country that are produced in Foreign Lands."

-ABC News' Fritz Farrow

President Donald Trump said in a post to Truth Social on Sunday that he is ordering the Bureau of Prisons to reopen and expand the famed Alcatraz Island prison, which lies off the coast of San Francisco, "to house America's most ruthless and violent Offenders."

"We will no longer be held hostage to criminals, thugs, and Judges that are afraid to do their job and allow us to remove criminals, who came into our Country illegally," Trump wrote.

Alcatraz Federal Penitentiary closed in 1963 after nearly 30 years in operation primarily due to high operating costs and the deteriorating condition of the facility, according to the Bureau of Prisons.

It has operated as a museum since 1973 and has become one of the most popular Park Service sites, with over a million visitors each year, according to the Bureau of Prisons.

-ABC News' Fritz Farrow

The president said he won’t fire Federal Reserve Chair Jerome Powell before his term ends in May 2026, but again called on him to lower interest rates.

“Well, he should lower them, and at some point, he will. He'd rather not because he's not a fan of mine, not, you know, just doesn't like me, because I think he's a total stiff and, you know, it's just one of those things,” Trump said. “He should lower them. And I wish the people that are on that board would get him to lower because we are at a perfect time--it's already late--but he should lower interest rates.”

He then ruled out firing Powell.

“I’m not-- you know, I get to change him very quickly anyway. You know in a very short period of time,” Trump said.

Pressed if he had plans to remove Powell before 2026, Trump said, “No. I don’t have plans. That was a total-- Why would I do that? I get to replace the person in another short period of time.”

-ABC News’ Fritz Farrow

Though he has teased seeking a third term in 2028 despite the Constitution barring it, Trump on Sunday ruled out another run, saying his current four-year term will be his last.

“But this is not something I'm looking to do. I'm looking to have four great years and turn it over to somebody, ideally a great Republican, a great Republican, to carry it forward. But I think we're going to have four years, and I think four years is plenty of time to do something really spectacular,” Trump told NBC’s “Meet the Press.”

“I just want to serve, do a great job,” he later added. “I’ll be an eight-year president. I’ll be a two-term president. I always thought that was important to be honest with you.”

The president pointed to Vice President JD Vance and Secretary of State and interim national security adviser Marco Rubio as possible successors, and said, when asked, that he believes his MAGA movement can survive without him.

-ABC News’ Fritz Farrow