Despite the optimism from Bessent, U.S. equity markets edged lower in Monday morning trade after a likely delay in the enforcement of President Donald Trump’s July 9 tariff deadline.
U.K. Prime Minister Keir Starmer’s spokesperson, Tom Wells, told reporters that the country is working with the Trump administration to avoid higher tariffs on steel “as soon as possible.”
The Southeast Asian nation has offered greater market access for U.S. farm and industrial goods, as well as increased purchases of energy and Boeing jets.
In a statement issued on Sunday, the bloc's leaders voiced "serious concerns about the rise of unilateral tariff and non-tariff measures which distort trade and are inconsistent with WTO rules.”
The billionaire appeared to endorse a suggestion generated by Grok (the AI chatbot from his artificial intelligence venture) to host an inaugural congress in Austin, Texas, in late August 2025.
Trump said Musk had previously suggested that he had no issues with the cancellation of the EV mandate when he had brought it up in “every speech I made, and in every conversation I had.”
Delving into what would happen over the next couple of days, Bessent said, “I'm not going to give away the playbook because we're going to be very busy over the next 72 hours.
