The United States will make several trade announcements in the next 48 hours, Treasury Secretary Scott Bessent said on Monday, ahead of a U.S. deadline on Wednesday to finalize trade pacts.
"We've had a lot of people change their tune in terms of negotiations. So my mailbox was full last night with a lot of new offers, a lot of new proposals," Bessent said in an interview with CNBC. "So it's going to be a busy couple of days."
President Donald Trump said the United States would start delivering tariff letters from 12:00 pm ET (1600 GMT) on Monday.
The letters would not necessarily provide an ultimatum, according to Bessent.
"It's just 'thank you for wanting to trade with the United States of America. We welcome you as a trading partner, and here's the rate, unless you want to come back and try to negotiate,'" he said.
Bessent declined to comment on whether negotiations on new ownership of the TikTok short video app, which President Donald Trump said would start this week, would be linked to trade talks.
He said he would meet with his Chinese counterpart in the next couple of weeks.
"I think there are things for us to do together if the Chinese want to do it, so we will discuss whether we are able to move beyond trade into other areas," he told CNBC.
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Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 7th of July, covering the latest developments you need to know.
United States striker Folarin Balogun will be eligible to face Belgium in the World Cup round of 16 after FIFA suspended the implementation of his one-match ban following an intervention by U.S. President Donald Trump, according to a Reuters report.
U.S. President Donald Trump will meet Ukrainian President Volodymyr Zelenskyy during this week's NATO summit in Türkiye as Washington renews efforts to bring an end to the war in Ukraine, a senior U.S. official said on Sunday.
A march by hundreds of masked members of the white nationalist group Patriot Front through Washington on Independence Day has reignited debate over the limits of free speech protections in the United States.
Mourners are paying their respects to the late Iranian Supreme Leader Ali Khamenei, as his funeral ceremonies move to Qom in north-central Iran.
The death toll from Venezuela's devastating twin earthquakes has risen to 3,342, according to the country's information ministry, as rescue teams continue searching affected areas and survivors face an uncertain recovery.
Mexico's national football team has returned luxury Rolex watches gifted by American content creator Stevewilldoit after concerns that they could conflict with FIFA's ethics rules.
Christian Dior has secured one of fashion's most coveted celebrity endorsements after both Taylor Swift and Travis Kelce wore custom haute couture designs by creative director Jonathan Anderson for their wedding in New York.
NATO leaders will unveil multi-billion-dollar arms deals in Ankara before President Donald Trump joins the summit, highlighting European defence spending increases amid tensions over Russia, Iran, and past U.S. criticism of the alliance.
European carmakers have urged the European Union to make sure new “Made in EU” rules do not put existing investments in Türkiye and Morocco at risk.
Microsoft is expected to announce a new round of job cuts as early as next week as the technology giant looks to reduce costs, according to reports.
A Swedish court has ordered Alphabet-owned Google to pay about $1.5 billion in antitrust damages to price comparison platform PriceRunner, in one of Europe's largest competition-related awards against a major technology company.
U.S. President Donald Trump earned more than $1bn from cryptocurrency-related business ventures last year, according to his mandatory 2025 financial disclosure.
Rocket Lab has agreed to acquire Iridium Communications in an $8 billion deal, giving the space company a global satellite communications network and accelerating its expansion beyond launch services. The acquisition marks a major step in its ambition to become a fully integrated space business.
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