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.

Tokyo and Seoul were staring down the threat of 24% and 25% tariffs, respectively, before the president fired off the letters Monday.

Stocks retreated at the start of a potentially volatile week, as U.S. trading partners rushed to finish trade deals ahead of a July 9th tariff deadline. President Trump said those aligning with the BRICS group of nations will face an additional 10% levy,