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.

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Here's how the news is developing.
Jul 24, 2025, 11:08 AM EDT

Lara Trump announces she won't run for Senate in North Carolina

Lara Trump, President Donald Trump's daughter-in-law, announced Thursday she will not run for Senate in North Carolina.

"After much consideration and heartfelt discussions with my family, friends, and supporters, I have decided not to pursue the United States Senate seat in North Carolina at this time," she said in a statement. "I am deeply grateful for the encouragement and support I have received from the people of my home state whom I love so much. While I am not running in this election, my passion for Making America Great Again burns brightly, and I look forward to the future, wherever that leads."

Lara Trump looks on before President Trump signs the "Genius Act", which will develop regulatory framework for stablecoin cryptocurrencies and expand oversight of the industry, at the White House in Washington, D.C., July 18, 2025.
Nathan Howard/Reuters

Lara Trump, who previously served as co-chair of the Republican National Committee, will instead support current RNC chair Michael Whatley, two sources confirmed to ABC News.

A GOP consultant confirmed to ABC News that Whatley will run for Senate in the battleground state. Whatley's formal announcement is expected to take place in North Carolina within the next week to 10 days, the consultant said. Another source familiar with the matter told ABC News that President Trump called Whatley earlier this week to ask him to run.

-ABC News' John Santucci, Hannah Demissie and Oren Oppenheim

Jul 24, 2025, 11:06 AM EDT

DHS says undocumented immigrants could be shackled with GPS monitors

Tricia McLaughlin, the assistant secretary for the Department of Homeland Security, confirmed a report by the Washington Post that ICE ordered staff to place ankle monitors on all people enrolled in the agency's Alternatives to Detention program "whenever possible."

McLaughlin reposted the Post reporter's X post about the article with a stock photo of an ankle monitor.

"If you are in America illegally, you may be 'shackled' with a GPS ankle monitor. If you don't want to wear one, you should leave the country now through the @CBP Home app!" she posted on X.

Jul 24, 2025, 11:02 AM EDT

Trump denies wanting to cut subsidies for Elon Musk

President Donald Trump is denying claims that he intends to harm Elon Musk's companies by removing government subsidies.

"Everyone is stating that I will destroy Elon's companies by taking away some, if not all, of the large-scale subsidies he receives from the U.S. Government. This is not so!" Trump wrote in a post to his conservative social media platform.

President Donald Trump delivers remarks at the "Winning the AI Race" AI Summit at the Andrew W. Mellon Auditorium in Washington, July 23, 2025.
Julia Demaree Nikhinson/AP

Trump expressed his support for Musk and all U.S. businesses, highlighting his administration's achievements.

"I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before!" he continued.

Trump previously threatened Musk's government contracts during their public feud in June. White House press secretary Karoline Leavitt on Wednesday was asked if Trump supported federal agencies contracting with Musk's AI company. Leavitt responded, "I don't think so, no" and said she would speak to the president about it.

-ABC News' Kelsey Walsh

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

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