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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.
Authorities say a 27-year-old man was killed after opening fire at a U.S. Border Patrol facility in McAllen, Texas. McAllen Police Chief Victor Rodriguez identified the suspect as Ryan Louis Mosqueda and told reporters Monday morning that federal agents returned fire at Mosqueda, who had an assault rifle and was carrying a utility vest. Rodriguez said the man’s motive was currently unknown. One officer was injured in the shooting after being hit in the knee, but Rodriguez said it was unclear if the injury was from shrapnel or a bullet. The shooting took place at a facility across the street from McAllen International Airport.
Crews trudged through debris and waded into swollen rivers in the search for victims of catastrophic flooding that has killed close to 90 people in Texas, including more than two dozen campers and counselors from an all-girls Christian camp. With additional rain on the way, the risk of more flooding was still high Monday in saturated parts of central Texas. Authorities said the death toll was sure to rise as crews looked for the many people who were still missing. Operators of Camp Mystic, a century-old summer camp in the Texas Hill Country, said they lost 27 campers and counselors.
A July Fourth weekend deluge in Texas caused catastrophic flash flooding that has killed at least 85 people. Camp Mystic in Kerr County says Monday morning that it is “grieving the loss” of 27 campers and counselors as the search continues for victims of the disaster. The flooding sent a wall of water through the century-old summer camp Friday. The risk of life-threatening flooding is still high in central Texas with more rain on the way. The Texas Hill Country is home to several summer camps. Searchers there have found the bodies of 75 people, including 27 children. Ten other deaths have been reported in other parts of Texas.
Mondays with Maguire (Erin Maguire) - At The White House on the 4th; Mike Johnson - the most significant Speaker in modern history; Framing the Medicare conversation properly
China said that BRICS was not seeking "confrontation" after US President Donald Trump vowed to impose an extra 10 percent tariff on countries aligning with the bloc. In a joint statement the leaders of the BRICS grouping of nations that includes Brazil, Russia, India, China and South Africa voiced concerns about the rise of unilateral tariff measures. Donald Trump accused the bloc of "anti-Americanism."
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