For Ukrainians and their supporters abroad, the attacks symbolized the hypocrisy of Russia’s position. Putin is making extreme demands while still prosecuting the three-year-long war.

US President Donald Trump is planning to spare carmakers from some of his most onerous tariffs, in another trade war climbdown following intense lobbying by industry executives over recent weeks. The move would exempt car parts from the tariffs that Trump is imposing on imports from China to counter fentanyl production,

US President Donald Trump has signaled a major U-turn on his trade war with China, saying the high tariffs on Chinese goods will “come down substantially, but it won’t be zero.”

President Donald Trump said final tariffs on goods from China would "not be anywhere near" the current rate of 145%, and would "come down substantially." During a press conference in the Oval Office on Tuesday,

President Donald Trump rejected the possibility of raising taxes on millionaires, arguing the policy could prompt them to leave the country.

The vice president and budget director are viewed internally as open to the idea, but some conservatives warn of “Bernie Sanders economics.”

The president’s comments come as Republicans flirt with the possibility of higher taxes on top incomes.

The U.S. dollar jumped broadly against major currencies on Wednesday as investors heaved a sigh of relief after President Donald Trump backed away from threats of firing Federal Reserve Chair Jerome Powell following his recent attacks.

Donald Trump has said he has “no intention” of firing the Federal Reserve chair Jay Powell, after indications that he could sack him sparked a sell-off in markets. The president has repeatedly hit out against the Fed chair’s refusal to cut interest rates and last week signalled he believed he could dismiss Powell before his term as central bank head comes to an end in May 2026.