In the latest phase of the Trump administration’s tariff strategy, Treasury Secretary Scott Bessent warned that the foreign nations without deals by August 1st would end up with the tariffs enacted in April. Sec. Bessent then announced that the administration will make “several” trade-related announcements within the next 48 hours, signaling imminent progress even as U.S. tariff deadlines remain in flux. Meanwhile, New York City Mayor Eric Adams discusses his independent bid in the city's mayoral race, including the politics of Andrew Cuomo and the campaign promises of the Democratic candidate, Zohran Mamdani. Plus, Elon Musk is forming his own political organization called the "America Party," and CNBC’s Phil LeBeau reports on the negative reaction from some Tesla stockholders.

Phil LeBeau - 7:37

Scott Bessent - 13:06

Eric Adams - 30:29

In this episode:

Sec. Scott Bessent, @SecScottBessent

Eric Adams, @NYCMayor

Becky Quick, @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Cameron Costa, @CameronCostaNY

Treasury Secretary Scott Bessent & New York City Mayor Eric Adams 7/7/25

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