Today was meant to be the president's big deadline for countries to reach trade deals with the US. But since he punted that date to next month, instead this morning, we have promises of more tariffs on the way. Now he's threatening 50% tariffs on copper imports and up to 200% on pharmaceuticals imported into the US.The president also posting on social media that more trade letters could go out to countries today after he sent 14 of them on Monday. NBC News business and data correspondent Brian Chung is here ...

“Negotiating is even harder when you don’t know what the other side wants.” On “The Intelligence” we ask why Donald Trump has closed so few trade deals https://t.co/jh4E6hVvqm ...

US trading partners scrambled to finalize trade deals or lobby for extra time as President Donald Trump said he’s notifying about a dozen countries on Monday of the new tariff levels https://t.co/YkSENuaKLs ...

Fiscal Policy & Legislation - Senate passed the Trump mega bill, heading to the House with potential votes as soon as tomorrow, aiming for the president's desk by July 4th [2] - Last-minute changes to the bill include the potential removal of the excise tax on solar and wind [3] - The combination of the deficit impact from the budget bill and tariffs appears to be neutral, according to the CBO [15][16] Bond Market & Interest Rates - The 10-year Treasury yield at 427 basis points is viewed positively, suggesting growth without hyperinflation or uncontrolled deficit [12][15] - Goldman Sachs raises its 2025 Fed rate cut forecast to three from one (September, October, and December) due to smaller-than-expected tariff effects [16] - A September 18th Fed rate cut is anticipated, driven by the expectation that inflation will not spike in June and July [20] Currency & International Markets - The weakness in the dollar is a significant trend, powering investor portfolios forward through international stock exposure [6] - International stocks have been outperforming US stocks, with a 126 percentage points gap through Friday, marking the widest gap in 24 years [8] - Even stripping out the effect of the weak US dollar, international stocks are still up 11% year-to-date, driven by earnings growth in regions like South Korea and Europe [9] Company Specific - General Motors (GM) is being re-evaluated due to potential adjustments to trade rules, with the market possibly anticipating higher earnings and a higher multiple [13]

We are now joined by U.S. Treasury Secretary Scott Betts. And just as the Senate has begun voting on what's known as the big, beautiful bill. You look at the latest version of the tax bill.The big question that remains is the GOP holdouts. What kind of deal can be cut with those holdouts. And what are you and the president prepared to offer for support.Well, I'm confident that the bill is going to progress, as is over the next few hours, and it'll be on the president's desk to sign on July 4th. So the Senat ...

US-China Trade Negotiations - Treasury Secretary suggests the Trump administration is willing to extend the deadline for trade negotiations if progress is being made [2][3][4] - The definition of "good faith" negotiations remains subjective and the specifics of any deadline extension are unclear [3][4] Semiconductor and Rare Earths - The Treasury Secretary denies any quid pro quo arrangement involving chips for rare earths [6] - The administration is not explicitly ruling out the possibility of lowering export standards for sophisticated chips [6] - There is no current deal in place to ease restrictions on selling chips to the Chinese government [7]