Trump 2nd term updates: Trump attends the Super Bowl

President Donald Trump was asked about Elon Musk and representatives of his Department of Government Efficiency (DOGE) team having access to the vast Treasury Department payment system.

"Well, he's got access only to letting people go that he thinks are no good if we agree with him," Trump said. "And it's only if we agree with him. He's a very talented guy from the standpoint of management and costs. And we put him in charge of seeing what he can do with certain groups and certain numbers."

Trump went on to claim Musk's team is finding "tremendous waste."

"We're trying to shrink government and he can probably shrink it as well as anybody else, if not better," Trump said. "Where we think there's a conflict or there's a problem, we won't let him go near it. But he has some very good ideas."

When later asked directly if everything Musk's done recently had his support, Trump said: "For the most part, yeah. If there was something that didn't have my okay, I'd let you know about it right really fast."

"Elon can't do and won't do anything without our approval. And we'll give him the approval where appropriate. Where not appropriate. We won't," Trump said.

Ahead of another call with Canadian Prime Minister Justin Trudeau at 3 p.m. on tariffs, President Donald Trump criticized Canada as "very tough to do business with."

"And we can't let them take advantage of the U.S.," Trump said in the Oval Office on Monday.

The comments come after Trump pushed back tariffs on Mexico for at least a month after new agreements, including 10,000 Mexican soldiers being placed on the border to try to curb the flow of drugs into the United States.

President Donald Trump signed an executive order in the Oval Office charging the Department of Treasury and others in his administration to start working on the process to create an "American sovereign wealth fund."

Howard Lutnik, Trump's pick for commerce secretary, said the fund could be set up within the next 12 months.

"Other countries have, sovereign wealth funds and they're much smaller countries, and they're not the United States. We have tremendous potential in this country," Trump said.

Trump also signed five designations for special envoys -- including Steve Witkoff, Ric Grenell and Mark Burnett. He also signed appointments for 28 sub-Cabinet level officials, including department general counsels.

Secretary of State Marco Rubio confirmed he's the acting administrator at USAID and expressed his concerns with the agency on Monday.

"My frustration with USAID goes back to my time in Congress," Rubio, a former senator, told reporters during his diplomatic trip to Central America. "It's a completely unresponsive agency."

"It's supposed to respond to policy directives of the State Department, and it refuses to do so. So the functions of the USAID -- there are a lot of functions of USAID that are going to continue, that are going to be part of American foreign policy but it has to be aligned with American foreign policy."