The Senate was expected to vote on Jared Isaacman next week.
President Donald Trump on Friday claimed China violated its trade agreement with the U.S. and Treasury Secretary Scott Bessent said talks between the world's two largest economies stalled.
This week, Trump's global tariff policy hit a major roadblock as two federal courts ruled he does not have the power to unilaterally impose some levies. The tariffs can stay in place, for now, as the court considers the administration's appeal.
Meanwhile, Elon Musk is leaving his role as a "special government employee" but is expected to remain an unofficial adviser to Trump.
President Donald Trump on Friday touted a "blockbuster agreement" between U.S. Steel and Japanese company Nippon Steel that he said would keep the iconic U.S. steelmaker in Pittsburgh -- though he previously opposed such a merger and offered few details on the intricacies of the deal.
Trump discussed the deal during a rally at the Irvin Works plant in Allegheny County on Friday evening.
President Donald Trump said he will double the tariff imposed on imports of steel from 25% to 50%.
Trump made the announcement during a rally in Pennsylvania on Friday to discuss the "partnership" between U.S. Steel and Japan-based Nippon Steel.
Trump said the increase in steel tariffs "will even further secure the steel industry in the United States."
Trump imposed the 25% tariffs on steel and aluminum in March, about a month before he announced sweeping across-the-board tariffs on what he called "Liberation Day."
In a follow-up post on social media, Trump said the increased rate would go into effect June 4.
Elon Musk, wearing all black, had a visible bruise over his right eye while speaking at the Oval Office.
Asked what happened, Musk said his 5-year-old son punched him in the face.
"I said, 'Go ahead, punch me in the face.' And, he did," Musk said.
Asked if he would consider pardoning Sean "Diddy" Combs, if convicted, as the hip-hop mogul stands trial in Manhattan federal court, President Donald Trump said, "Nobody's asked, but I know people are thinking about it."
"I don't know. I would certainly look at the facts," Trump said. "If I think somebody was mistreated, whether they like me or don't like me, it wouldn't have any impact on me."
Trump said he believes "some people have been very close to asking" about a pardon.
"First of all, I look at what's happening, and I haven't been watching it too closely, although it's certainly getting a lot of coverage," he said.
Trump added that he hasn't spoken to Combs in years.
Combs has been accused of sex trafficking by force, transportation to engage in prostitution, and racketeering conspiracy. He has pleaded not guilty to all of the charges.
