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Elon Musk admitted Tuesday night on X that he went too far in his recent posts about President Donald Trump. “I regret some of my posts about President @realDonaldTrump last week. They went too far,” he said in a brief update.

That line landed after nearly a week of public shots between the two men that started with Elon claiming Trump appeared in the Jeffrey Epstein files and ended with threats from the White House.

The comments Elon referred to were two deleted posts from earlier that week. In the first, he claimed Trump was part of the sealed Epstein documents. In the second, he wrote that Trump wouldn’t have a shot at re-election if not for his support.

Both posts were taken down, replaced with standard error pages on X that now read: “Hmm…this page doesn’t exist. Try searching for something else.” Elon didn’t say why he deleted the posts. But the consequences were instant.

Trump responds with warning over Democrat support

The fallout hit fast. On Thursday, Elon replied “yes” to a post that called for Trump to be impeached and replaced with Vice President JD Vance. That post was also deleted. As of Saturday, nothing remained from Elon’s week-long rant but the regret post.

In a phone interview with NBC News, Donald Trump threatened Elon with consequences if he chooses to back Democrats in upcoming races. “If he does, he’ll have to pay the consequences for that,” Trump told Kristen Welker. “He’ll have to pay very serious consequences if he does that,” he added. He didn’t explain what those consequences would be.

Trump also said he’s done with Elon. “I gave him a lot of breaks, long before this happened,” Trump said. “I gave him breaks in my first administration and saved his life in my first administration.” He added, “I have no intention of speaking to him.”

When asked if the relationship was over, Trump said, “I would assume so.” He also accused Elon of being “disrespectful to the office of the president.”

JD vance calls Musk ’emotional’ during podcast

On Friday, JD Vance responded to Elon’s attacks during an interview on the This Past Weekend podcast with comedian Theo Von. “I think Elon’s making a huge mistake,” Vance said, attempting to cool tensions by describing Elon as “an emotional guy” who got frustrated. The tone was more forgiving, but the message was clear: Elon went too far.

Less than two weeks earlier, Trump and Elon had publicly praised each other. Elon had just finished leading the Department of Government Efficiency, a Trump-created agency focused on cutting federal spending. Their partnership was strong enough to draw attention from investors tracking Elon’s businesses. Now, that alliance looks completely dead.

According to CNBC, the fight escalated after Elon opposed Trump’s new legislative effort, widely known as the “big, beautiful bill.” Elon criticized the bill for ignoring policies he supported. The White House hit back through Karoline Leavitt, Trump’s press secretary. “This is an unfortunate episode from Elon, who is unhappy with the One Big Beautiful Bill because it does not include the policies he wanted,” she told CNN.

The week of chaos triggered speculation about how the feud could affect Elon’s companies, especially Tesla and SpaceX, both of which benefitted from Trump’s first term. Elon’s role in the government helped shape federal policy around tech and budgeting. With that gone and public attacks stacking up, investors are watching closely.

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Trade officials in Brussels no longer believe negotiations with the United States will be done by Trump’s July 9 deadline, even though both sides have picked up the pace in the past week.

According to Bloomberg, the European Union sees the most likely outcome as reaching just a basic agreement on general principles by the deadline — not a finished deal. That would leave a lot of important details still unresolved, and the White House hasn’t even responded yet to the EU’s latest proposal.

Talks have turned urgent because Washington plans to hit almost all EU exports with a 50% tariff if there’s no agreement by the deadline. That covers around €380 billion, or about $434 billion, in trade — roughly 70% of European exports to the US.

Trump’s move is designed to increase pressure. But on the EU side, officials are already getting ready for retaliation if the deal falls through.

Sefcovic pushes negotiations while prepping EU countermeasures

Maros Sefcovic, the EU’s trade chief, has been in constant contact with Howard Lutnick, the US Commerce Secretary, and Jamieson Greer, the US Trade Representative.

They’ve been speaking regularly on the phone and even held an in-person meeting recently to speed things up. These conversations started after both sides agreed two weeks ago to fast-track the process. Despite this, there’s been no official reply yet from the US on the EU’s latest suggestions, and time is almost up.

The European Commission gave an update to member states earlier this week. Right now, both sides are locked in detailed talks on specific sectors including steel, aluminum, civilian aircraft, automobiles, pharmaceuticals, and semiconductors.

They’re also talking about problems with tariff and non-tariff barriers. But officials involved say it’s still tough. The EU thinks the US is pushing for terms that mostly benefit Washington and don’t offer much back.

Because of that, Brussels is getting its backup plans ready. Officials are reviewing potential countermeasures in case talks collapse completely. These would include more than just tariffs.

The commission is asking member countries to help find strategic areas where the US depends on the EU — areas that could be used to apply pressure. The EU is trying to make it clear that if Trump triggers a tariff war, they’ll respond immediately.

The bloc already approved tariffs on €21 billion worth of American goods, mostly targeting politically sensitive states. That includes soybeans from Louisiana, where House Speaker Mike Johnson is based. It also covers US poultry, motorcycles, and other agricultural products.

A second round is also ready — it would slap tariffs on €95 billion worth of US exports, including Boeing aircraft, US-made cars, and bourbon. That second list is directly tied to Trump’s new “reciprocal” tariffs and auto duties.

Lagarde warns against more economic damage as EU draws red lines

The EU is still trying to address some of Washington’s complaints, especially about non-tariff barriers. Officials say they’re simplifying rules internally, but they won’t agree to anything that touches the bloc’s autonomy over tax or regulation. Those areas are “red lines,” and the commission won’t cross them under any pressure, even with the July 9 threat looming.

While the EU keeps trying to talk, they’re also preparing for failure. Separate from these talks, the bloc is having bilateral discussions with the US on critical minerals. That issue may also show up at the Group of Seven summit in Canada later this month, though it’s not clear if anything concrete will come out of it.

On Wednesday, Christine Lagarde, President of the European Central Bank, said the world is heading toward bigger economic problems if countries keep using trade as a weapon. Speaking in Beijing, Lagarde said: “We have witnessed a sharp rise in the use of industrial policies aimed at boosting domestic capacity. Since 2014, subsidy-related interventions that distort global trade have more than tripled globally.”

Lagarde added that China isn’t alone — governments in emerging markets and advanced economies are all doing the same thing. She pointed out that America’s share of global demand has jumped in recent years, driven partly by high public sector spending. “Coercive trade policies fail to resolve financial imbalances,” she said. “They just bring economic damage.”

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Iurii Gugnin, a Russian citizen living in New York, is accused of laundering over 530 million USD from Russia to the U.S. through the cryptocurrency company Evita, violating sanctions.

The U.S. Department of Justice (DOJ) has just announced an indictment of 22 charges against Iurii Gugnin, a 38-year-old Russian citizen residing in New York, with serious allegations of electronic fraud, bank fraud, and money laundering through cryptocurrency operations. The case is believed to be one of the largest money laundering schemes related to violations of sanctions against Russia.