Major US trading partners hurried over the weekend to secure trade deals or lobby for extra time, while Treasury Secretary Scott Bessent indicated that some countries lacking an agreement by the deadline Wednesday will have the option of a three-week extension to negotiate.

America is close to clinching several trade deals ahead of a July 9 deadline when higher tariffs were due to kick in, Treasury Secretary Scott Bessent said.

Treasury Secretary Scott Bessent said on Sunday that countries will see their respective tariff rates “boomerang back” on Aug. 1 to the higher levels announced three months ago, if they don’t strike a deal with the U.

"I believe that the boards of directors at his various companies wanted him to come back and run those companies, which he is better at than anyone," Bessent said of Musk's depart

A day after Elon Musk escalated his feud with Donald Trump and announced the formation of a new U.S. political party, the Republican president's Treasury secretary said Musk should stick to running his companies.