{"id":136669,"date":"2025-05-08T15:07:54","date_gmt":"2025-05-08T15:07:54","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/trump-administration-live-updates-president-announces-first-post-tariffs-trade-deal-house-passes-gulf-of-america-bill-nbc-news\/"},"modified":"2025-05-08T15:07:54","modified_gmt":"2025-05-08T15:07:54","slug":"trump-administration-live-updates-president-announces-first-post-tariffs-trade-deal-house-passes-gulf-of-america-bill-nbc-news","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/trump-administration-live-updates-president-announces-first-post-tariffs-trade-deal-house-passes-gulf-of-america-bill-nbc-news\/","title":{"rendered":"Trump administration live updates: President announces first post-tariffs trade deal; House passes 'Gulf of America' bill – NBC News"},"content":{"rendered":"

BREAKING: House votes to rename the Gulf of Mexico in an attempt to codify Trump\u2019s executive order<\/a><\/span><\/span><\/a><\/p>\n

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Steve Kopack<\/span><\/span><\/span>
U.S. stocks fell to their session low as Trump spoke in the Oval Office, describing the trade agreement with the United Kingdom.
The S&P was about flat, the Nasdaq was up only about 0.3%, and the Dow was higher by around 100 points.
Megan Lebowitz<\/span><\/span><\/span>
British Prime Minister Keir Starmer praised the deal with the U.S., calling it “truly historic” and touting the two countries’ close alliance.
“We’ve always had a fair and balanced arrangement between our countries. This builds on that,” he said.
Starmer, who called into Trump’s news conference, also drew parallels to the deal being announced 80 years after the allied troops achieved victory in Europe during World War II.
Steve Kopack<\/span><\/span><\/span>
Trump says the U.S. has reached a “historic agreement” with the United Kingdom on trade that will reduce nontariff barriers for U.S. exports.
Trump added that the agreement, which will be written up in the coming weeks, increases U.S. access to markets for selling beef and ethanol fuel.
Trump says the U.K. will fast-track goods through its customs processes as the U.S. receives new market access for machinery and chemicals.
Gabriel Vasconcellos<\/span><\/span><\/span>
Reporting from Washington
Senators are expressing concerns about an escalating standoff after a\u00a0terrorist attack<\/a>\u00a0in the Indian-administered part of Kashmir last month, which prompted India to retaliate with strikes on the Pakistan-administered areas of Kashmir and Pakistan itself.
Sens. Elissa Slotkin, D-Mich., and Ted Cruz, R-Texas, both emphasized to NBC News the necessity for both countries to de-escalate, and senators from both parties pointed to India’s and Pakistan\u2019s nuclear status as reason for concern.
Other senators took a more definitive position criticizing Pakistan.
Sen. Tim Sheehy, R-Mont., a veteran of the war in Afghanistan and member of the Armed Services Committee, called Pakistan a \u201cknown harbor of terrorist organizations,\u201d pointing to Osama bin Laden\u2019s compound and assassination in the country. Sheehy also said the escalation tensions between the two countries are \u201cnot our problem.\u201d
Sen. Kevin Cramer, R-N.D., similarly said “our hands are full, the world is on fire, you know?\u201d But Cramer clarified there would be nothing to gain with two nuclear powers getting involved in a potential war.
Upon hearing the first reports of the strikes, Trump called them \u201ca shame\u201d and said he hoped the fighting \u201cends very quickly.\u201d
Scott Wong<\/span><\/span><\/span>
Sahil Kapur<\/span><\/span><\/span>
Two important House committees overseeing contentious policy issues are eyeing markups of their portions of the massive bill for Trump’s agenda Tuesday.
According to two sources familiar with the matter, the tax-writing\u00a0Ways and Means Committee\u00a0is planning to meet at 2 p.m. ET Tuesday to consider its part of the legislation, which will include an extension of the 2017 Trump tax cuts, as well as other politically difficult issues like the\u00a0state and local tax deduction<\/a>\u00a0(SALT).
And the\u00a0Energy and Commerce Committee, which\u00a0oversees Medicaid<\/a>\u00a0and is tasked with finding $880 billion in savings, is planning to begin its markup Tuesday, though it\u2019s unclear when it will finish, according to two lawmakers.
Neither committee has released its bill text yet, and depending on the status of negotiations, the timing could be fluid.\u00a0
Ryan Nobles<\/span><\/span><\/span>
Former Rep. Jennifer Wexton, D-Va., has thrown her support behind Fairfax County Supervisor James Walkinshaw in the race to replace retiring Rep. Gerry Connolly in Virginia\u2019s 11th district.
Connolly, who has esophageal cancer, announced last month that he would not seek re-election. He then endorsed Walkinshaw, his former chief of staff.\u00a0
In a statement first obtained by NBC News, Wexton said Walkinshaw first encouraged her to run for Congress in 2018, when she flipped a Republican-held district. Wexton said she believes Walkinshaw is ready to take on the fight against Trump.\u00a0
\u201cGiven Donald Trump\u2019s and his minions\u2019 relentless attacks on federal workers and our values of justice, equity, and fundamental fairness, we need a champion in Congress who can hit the ground running and fight back on Day One, and I can think of no one better able to do that than James. I enthusiastically endorse him,\u201d Wexton said.\u00a0
Wexton retired from Congress last year due to health issues. Wexton, who represented the neighboring 10th district in Virginia, has an aggressive form of Parkinson\u2019s disease, which has limited her mobility and speech. She delivered the first House floor speech in history with the assistance of an artificial intelligence program that replicated the sound of her voice.\u00a0
Walkinshaw is expected to be one of several Democrats to run for the deep-blue seat. State Sen. Stella Perkarsky also launched her campaign this week. No Republican has announced plans to run.
Gary Grumbach<\/span>Gary Grumbach is a NBC News Legal Affairs Reporter, based in Washington, D.C.<\/span><\/span><\/span>
Megan Lebowitz<\/span><\/span><\/span>
The full U.S. Circuit Court of Appeals for the District of Columbia ruled overnight that the Trump administration must return funds and staff to government-supported media outlets such as the Voice of America, Radio Free Asia and Radio Free Europe\/Radio Liberty while litigation continues.
A three-judge panel of the court previously ruled any re-funding and re-staffing should be paused while legal appeals are underway; the full court’s overnight order reversed that previous decision.
Three judges who were appointed by Trump and one appointed by George H.W. Bush dissented from the full court’s ruling, with one of the Trump appointees calling the decision a “gambit” that “is an abuse of the court\u2019s remedial discretion.”
Trump signed an executive order <\/a>in March to try to gut the U.S.-funded media outlets.
Matt Dixon<\/span><\/span><\/span>
Henry J. Gomez<\/span><\/span><\/span>
Allan Smith<\/span><\/span><\/span>
Trump tiptoed away this week from the idea that he might try to win\u00a0a third term<\/a>, opening the door to a fresh round of intrigue: Who does he see as his successor?
In practically the same breath\u00a0in an interview<\/a>\u00a0with NBC News\u2019 \u201cMeet the Press,\u201d Trump suggested national security adviser and Secretary of State\u00a0Marco Rubio<\/a>\u00a0and Vice President\u00a0JD Vance<\/a>\u00a0\u2014 in that order \u2014 as potential candidates.
Read the full story.<\/strong><\/a>
Steve Kopack<\/span><\/span><\/span>
Analysts at JPMorgan said the trade deal between the United States and the United Kingdom that Trump is announcing this morning would likely have a “limited” impact.
“It remains to be seen whether the UK can arrange an exemption from the baseline tariff following subsequent negotiations,” they wrote.
“If there is no further breakthrough on the US baseline tariff, that would significantly limit the economic upside from continued negotiations and further concessions,” the analysis said. “With the UK having broadly balanced goods trade with the US, a reasonably good political relationship, no real threat of retaliation from Westminster and extensive bilateral negotiations having taken place, it is not clear where the UK can go from here.”
The U.K. was the top buyer of U.S. services in recent years, but ranked fifth behind Canada, Mexico, China and Japan as a buyer of actual goods. While Britain is a key ally, the country does not even rank in the top five sources of imports for the U.S.
Katherine Doyle<\/span><\/span><\/span>
Trump will return to familiar ground in Saudi Arabia next week, choosing the kingdom as the destination for his first major foreign trip of his second term, just as he did in 2017 \u2014 once again bypassing the traditional allies who have usually hosted presidents.
The decision underscores a broader Trump White House strategy, prioritizing the Middle East\u2019s economic and strategic influence over North America\u2019s deep-rooted trade and security ties.
With an eye on blockbuster deals, a Nobel-worthy diplomatic breakthrough<\/a> and the Middle East\u2019s role as a geopolitical fulcrum, Trump is chasing defining moments in a region that he has treated as a diplomatic and economic cornerstone. Meanwhile, his unpredictable tariffs and diplomatic approach has cast a shadow over partnerships with Canada and Mexico.
Read the full story here.<\/em><\/strong><\/a>
Nnamdi Egwuonwu<\/span><\/span><\/span>
Reporting from Washington
The Republican-led House is expected to vote today on legislation that would make Trump<\/a>\u2019s renaming of the Gulf of Mexico to the Gulf of America<\/a> federal law.
The GOP bill, authored by Rep. Majorie Taylor Greene, follows an executive order<\/a> signed by Trump in January that ordered Interior Secretary Doug Burgum to \u201ctake all appropriate actions to rename the Gulf\u201d and update a database<\/a> of the \u201cofficial names for geographic features in the 50 states.\u201d
While Trump does not need congressional approval to ensure the name change is reflected across the federal government, the bill would prevent a future president from easily reversing the move through executive action.
\u201cAs the previous administration made it painfully clear, executive orders can be undone and overwritten, and that\u2019s why we have to move it through the legislative process \u2014 and we are,\u201d House Speaker Mike Johnson, R-La., told reporters Tuesday. \u201cWe\u2019re going to pass Marjorie Taylor Greene\u2019s bill to permanently rename the Gulf of Mexico, the Gulf of America.\u201d
Read the full story here.<\/em><\/strong><\/a>
Zo\u00eb Richards<\/span><\/span><\/span>
Nnamdi Egwuonwu<\/span><\/span><\/span>
Trump said this morning that he will sign a\u00a0trade deal<\/a>\u00a0with Britain that will be America\u2019s first since he announced sweeping global\u00a0tariffs<\/a>\u00a0that hammered markets and threaten to upend the global economy.
In a post on Truth Social, the president wrote: \u201cThis should be a very big and exciting day for the United States of America and the United Kingdom. Press Conference at The Oval Office, 10A.M. Thank you!\u201d
Read the full story.<\/em><\/strong><\/a>
© 2025 NBCUniversal Media, LLC<\/p>\n

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