The Trump administration is more concerned with the quality of trade agreements rather than their timing, U.S. Treasury Secretary Scott Bessent said on Monday ahead of an Aug. 1 deadline for securing a trade deal or facing steep tariffs. "We're not going to rush for the sake of doing deals," Bessent told CNBC in an interview. On China, Bessent said there would be "talks in the very near future."

An off-duty border patrol agent is recovering in the hospital after being shot in New York City on Saturday. Authorities say one of the suspects is an illegal immigrant with a criminal history. Homeland Security Secretary Kristi Noem and Border Czar Tom Homan were among the officials who provided more details on Monday morning.