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Trump admin live updates: Trump says Hamas will release hostage Edan Alexander

Trump did not provide any timing on when Alexander is expected to be released.

ByDavid Brennan, Alexandra Hutzler, and Ivan Pereira
Last Updated: May 11, 2025, 7:01 PM EDT

The White House said on Sunday that it reached a trade deal with China as the two countries negotiated for a second day in Switzerland. China has yet to comment on Sunday's talks.

"We’re confident that the deal we struck with our Chinese partners will help us to work toward resolving that national emergency,” U.S. Trade Representative Jamieson Greer told reporters in Geneva. But Treasury Secretary Scott Bessent said "substantial progress" had been made but stopped short of touting a full deal.

On Thursday, President Donald Trump announced a trade deal with the United Kingdom -- the first in what the White House said it hopes will be a flurry of agreements while the reciprocal tariff pause is in effect. With UK Prime Minister Keir Starmer on speaker phone in the Oval Office, the leaders conceded that they are still working out the details of the agreement.

Latest headlines:

Here's how the news is developing.
May 08, 2025, 7:16 AM EDT

Trump criticizes Powell over rate decision

President Donald Trump criticized Fed Chair Jerome Powell on Thursday, calling him a "FOOL, who doesn’t have a clue," for yesterday's decision not to lower rates.

Trump argued that it was the right time to lower interest rates.

"Oil and Energy way down, almost all costs (groceries and “eggs”) down, virtually NO INFLATION, Tariff Money Pouring Into the U.S. — THE EXACT OPPOSITE OF “TOO LATE!” Trump added in the post on his Truth Social media platform.

Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting at the Federal Reserve in Washington, DC, on May 7, 2025.
Brendan Smialowski/AFP via Getty Images

The post comes as Trump has waged a pressure campaign on the Fed chair to lower rates. The Fed on Wednesday attributed its decision to leave rates unchanged in part to “uncertainty” about the economic outlook.

-ABC News’ Michelle Stoddart

May 08, 2025, 7:16 AM EDT

Donald Trump says 'full and comprehensive' trade deal with UK will 'cement relationship'

Donald Trump posted about a trade deal with the United Kingdom on Truth Social Thursday morning, saying "the agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come."

President Donald Trump holds a letter from Britain's King Charles as he meets with British Prime Minister Keir Starmer in the Oval Office at the White House in Washington, D.C., February 27, 2025.
Kevin Lamarque/Reuters

"Because of our long time history and allegiance together, it is a great honor to have the United Kingdom as our FIRST announcement," Trump said. "Many other deals, which are in serious stages of negotiation, to follow!"

No details were given on the trade deal, which is expected to be announced in a news conference at 10 a.m. in the Oval Office.

May 07, 2025, 11:02 PM EDT

Trump expected to announce trade deal with UK

President Donald Trump is expected to announce a trade deal with the United Kingdom on Thursday morning, according to sources familiar with the matter.

The details of the agreement were not immediately clear. This will mark the first agreement after Trump imposed steep tariffs on dozens of trading partners.

It comes as Trump said on social media he would announce a "MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY."

The White House didn't immediately respond to ABC's request for comment.

-ABC News' Rachel Scott and Katherine Faulders

May 07, 2025, 9:46 PM EDT

Trump says he will announce 'MAJOR TRADE DEAL' on Thursday

President Donald Trump in a post on Truth Social said he would be hosting a "big news conference" on Thursday to announce a "MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY."

The news conference is set for 10 a.m. from the Oval Office.

President Donald Trump participates in a swearing-in ceremony for the Assistant to the President, Senior Advisor and Special Envoy Steve Witkoff in the Oval Office of the White House, in Washington, D.C., on May 6, 2025.
Jim Watson/AFP via Getty Images

Trump said the announcement would be "THE FIRST OF MANY."

In an interview with Time magazine last month, Trump claimed to have already "made 200 deals" with other countries on tariffs but did not elaborate on which countries or what the terms were.

-ABC News' Kelsey Walsh

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