Trump admin updates: EU will buy $750 billion worth of U.S. energy under deal

The deal would impose a 15% tariff on most goods.

President Donald Trump and European Commission President Ursula von der Leyen announced on Sunday the U.S. and the EU had reached a deal that would impose a 15% tariff on most goods.

Under the deal, the EU will purchase $750 billion worth of energy from the U.S. and invest $600 billion more than it's already is.

Meanwhile, Trump's health secretary, Robert F. Kennedy Jr., plans to oust all 16 members of a task force that recommends which preventive health services, such as cancer screenings, must be covered by insurance.

Latest headlines:

Here's how the news is developing.
Jul 24, 2025, 9:11 AM EDT

Trump to visit Federal Reserve amid criticism of Powell over renovation project

President Donald Trump on Thursday is making what could be seen as a hostile visit to the Federal Reserve headquarters, as he increases his pressure on Fed Chair Jerome Powell.

The president has hammered Powell for months on social media and in public comments because Powell has not lowered interest rates. More recently, Trump has threatened to fire Powell over his handling of a massive renovation project at the Fed.

Renovations continue at the Marriner S. Eccles Federal Reserve Board Building in Washington, July 22, 2025.
Mandel Ngan/AFP via Getty Images

It is incredibly rare for a sitting president to visit the central bank given its historic independence. George W. Bush was the last president to visit in 2006 for then-Fed Chair Ben Bernanke’s swearing-in ceremony. During his remarks that day, Bernanke said only two others had ever visited the building - Gerald Ford in 1975 and Franklin Roosevelt in 1937.

-ABC News' Karen Travers and Justin Gomez

Jul 23, 2025, 9:04 PM EDT

Appeals Court rules against Trump admin's birthright citizenship EO

The Ninth Circuit Court of Appeals, in a 2-1 decision, upheld a lower court ruling that President Donald Trump's executive order ending birthright citizenship is very likely unconstitutional on its face and that a nationwide injunction precluding enforcement is the only way to provide complete relief to the state plaintiffs, pending litigation.

The states had brought the suit alleging that they would suffer irreparable harm from a redefinition of citizenship, including reduced population count for purposes of federal funding.

A federal judge in a separate case has already enjoined nationwide enforcement of the order against a certified class of individuals affected by the presidential action -- all newborns in the U.S. to noncitizens.

Practically speaking, the two decisions ensure Trump's redefinition of citizenship will not take effect on July 27 as litigation over the merits of the order continues.

The government is likely to appeal this decision back to the high court.

-ABC News' Devin Dwyer

Jul 23, 2025, 7:06 PM EDT

Obama to headline August redistricting fundraiser

Former President Barack Obama will headline a fundraiser next month in Martha’s Vineyard hosted by the National Democratic Redistricting Committee, a source confirmed to ABC News.

The group is chaired by former Attorney General Eric Holder, who will also attend the event, alongside Speaker Emerita Nancy Pelosi.

Former President Barack Obama speaks at the Obama Foundation Democracy Forum, Dec. 5, 2024, in Chicago.
Erin Hooley/AP

The fundraiser is scheduled for Aug. 19 and comes as Trump controversially encourages Republicans to take up redistricting mid-decade, particularly in Texas -- which has moved Democrats to suggest their states will hit back by redrawing their congressional districts.

This is Obama's second fundraiser since the 2024 presidential election following a recent event in New Jersey.

-ABC News’ Brittany Shepherd

Jul 23, 2025, 6:56 PM EDT

Trump touts $550B ‘signing bonus’ in Japan trade deal

Trump celebrated the Japan trade deal -- especially the $550 billion investment that the administration announced as part of the framework of the deal.

"But on the Japan deal, because it was literally just signed, letter was just signed, it gives us a sort of signing bonus. We'll bring it into sports talk -- a signing bonus like you have signing bonuses, too, I understand getting a lot of money 100, 100 million? That's not bad. But that's not as good as the signing bonus we got. We got a $550 billion signing bonus extension," Trump said.

President Donald Trump delivers remarks at the "Winning the AI Race" AI Summit at the Andrew W. Mellon Auditorium in Washington, D.C., on July 23, 2025.
Andrew Caballero-Reynolds/AFP via Getty Images

"But now, if some of the countries that pay 25% or more on orders complain, remember that Japan was willing to pay up front the $550 billion for that privilege of negotiating with the United States of America," Trump later added.

But as the number of deals that the U.S. has achieved falls far short of the 90 deals in 90 days that the White House once promised, Trump said that negotiating with 200 countries is "too much for anybody."

"It's always nice when everybody can be happy, but mostly we’ll be charging straight tariffs to most of the rest of the world because we have over 200 countries, people don't realize it's a lot of -- that's a lot of deals. Even if you’re like me, a deal junkie, that's a lot of deals. That would be too much for anybody. How did we deal with this country that I never heard of?" Trump said.

-ABC News’ Lalee Ibssa

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