Trump admin live updates: Trump, Schumer trade barbs over Senate nominations

The White House’s top economic adviser, Kevin Hassett, celebrated Wednesday's report that U.S. gross domestic product increased at a 3% annualized rate over three months ending in June.

“It's really one of the best GDP announcements or releases that you could imagine, because there's blockbuster growth way above expectation, and there's also a real, real, almost collapse in inflation,” Hassett said.

“It went down by about a percent and a half, all the way down to 2.1% which is the Fed's target. And so to have high growth with low inflation and also high income growth, personal income growth was 3% that's just like about a sweet spot for a GDP release," Hassett continued.

The GDP reading amounted to sturdy economic growth, suggesting the economy has continued to avert a significant tariff-induced cooldown. A boost in consumer spending helped propel the economic surge, the U.S. Commerce Department said. Read more about Wednesday's economic data here.

-ABC News' Hannah Demissie and Max Zahn

President Donald Trump announced on Wednesday morning that India will be paying a tariff of 25% starting on Aug. 1.

"Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country," Trump wrote on his conservative social media platform.

"Also, they have always bought a vast majority of their military equipment from Russia, and are Russia’s largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE — ALL THINGS NOT GOOD! INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST FIRST," Trump continued.

If Trump does follow through on his tariff plan for India, it would likely impact the generic drugs that Americans use. For drugs such as ibuprofen, aspirin, and antibiotics, the U.S. relies on producers in countries such as India, which is one of the largest producers and exporters of generic drugs.

-ABC News' Hannah Demissie

The Senate Tuesday night confirmed controversial nominee Emil Bove to a lifetime appointment on the powerful Third Circuit Court of Appeals, notching a win for President Donald Trump.

Bove was confirmed by a vote of 50-49. Republican Sens. Susan Collins and Lisa Murkowski voted with all Democrats to block his nomination, but Republicans were still able to put up the simple majority of votes needed to lock in his confirmation. Sen. Bill Hagerty was absent for the vote.

Bove is Trump’s former personal lawyer turned Justice Department official. He is known, in part, for his purge of career law enforcement officials across the DOJ and FBI prior to the arrival of Senate-confirmed leaders, as well as his role in the DOJ's decision to drop the criminal corruption prosecution of New York City Mayor Eric Adams.

Trump nominated Bove to the post in late May. Since that time, three separate whistleblowers came forward to raise concerns about Bove ahead of Tuesday’s vote.

In floor remarks on Tuesday ahead of the vote, Senate Judiciary Committee Chairman Chuck Grassley accused Democrats and the media of attempting an “11th hour smear campaign” against Bove.

-ABC News' Allison Pecorin, Katherine Faulders, Alexander Mallin and Isabella Murray

President Trump said on Air Force One that he will give Russia's Vladimir Putin "10 days from today" to reach a ceasefire agreement with Ukraine.

"And then you know we're going to put on tariffs and stuff. And I don't know if it's going to affect Russia because he wants to obviously probably keep the war going," Trump said. "But we're going to put on tariffs and the various things that you put on them, it may or may not affect them, but it could."

Later, Trump was asked if he's gotten any feedback that the new deadline prompted a response from Russia.

"I haven't had any response," Trump responded. "It's a shame."