Russia is the glaring omission from Donald Trump's tariffs list. Along with Cuba, Belarus and North Korea, it has been spared the sweeping measures, with America's foes apparently treated better than many of its friends.
Elon Musk has called reports that he will leave his government role in the coming months "fake news".
A senior White House official previously told NBC News, Sky's US partner network, that Donald Trump had discussed the Tesla and X boss transitioning back to the private sector at a cabinet meeting last month.
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After reports emerged of the meeting, White House press secretary Karoline Leavitt said it was "garbage" and added: "Elon Musk and President Trump have both publicly stated that Elon will depart from public service as a special government employee when his incredible work at DOGE is complete."
Mr Musk added in response on X: "Yeah, fake news."
NBC News reported that the official said Mr Musk would leave at the end of his 130 days as a special government employee.
That would be 30 May, but it is unclear if the billionaire businessman will indeed leave on that date.
Previously, the White House said that as a temporary organisation, the Department of Government Efficiency (DOGE) would be terminated on 4 July next year - the 250th anniversary of the US.
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It comes days after Mr Musk said some members of his DOGE team were getting death threats on a daily basis.
Mr Musk had drawn criticism over his efforts to downsize the US federal government.
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In just weeks, entire agencies were dismantled, and tens of thousands of workers from the 2.3 million federal workforce have been fired or have agreed to leave their jobs.
A number of lawsuits were filed in state and federal courts over cuts recommended by DOGE.
