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The White House has expressed support for a Europe-driven initiative aimed at ending the war in Ukraine, but has refrained from specifying what role the United States would play in the proposed plan.
ADVERTISEMENTUS President Donald Trump has once again taken aim at Zelenskyy, criticising the Ukrainian President’s reluctance to negotiate a peace deal with Russia.Speaking at a White House press conference, during which he announced a $100 billion (€95.3 billion) investment in the US by Taiwanese semiconductor giant TSMC, Trump stated that such a deal could be achieved quickly if Zelenskyy were willing. Trump also insinuated that the Ukrainian President’s refusal to engage in negotiations could ultimately lead to his downfall, adding that “if someone doesn’t want to make a deal, they won’t be around very long.” Meanwhile, Zelenskyy has expressed doubts about trusting Russian President Vladimir Putin and insists that any ceasefire must include security guarantees from the US and Europe.He has also suggested that the end of the conflict is still “very, very far away,” a statement that the US President described as the ‘worst’ possible in a post on Truth Social.The relationship between Trump and Zelenskyy has been strained following a contentious meeting at the White House, where Trump and Vice President JD Vance chastised Zelenskyy for not being sufficiently appreciative of US support for Ukraine.In his upcoming speech before Congress, Trump is set to discuss the future of a US-Ukraine agreement involving rare earth minerals, which has now been thrown into doubt. While he had previously refused to sign the deal with Ukraine, citing a lack of appreciation from President Zelenskyy, Trump has, however, continued to describe the deal as “great.” He is expected to reveal further details during his address on Tuesday.US Secretary of State Marco Rubio has also assured British officials that the US is committed to negotiating an end to the Russia-Ukraine conflict, expressing gratitude for the UK’s efforts to encourage Europe to bolster its defence in a phone call with British Foreign Secretary David Lammy.Escalating trade tensionsPresident Trump has also announced that the United States will begin imposing a 25% tariff on imports from both Canada and Mexico starting on Tuesday. The announcement has raised concerns about the potential for a renewed North American trade conflict, which could exacerbate inflation and slow down economic growth.Speaking to reporters in the White House’s Roosevelt Room, Trump said: “Tomorrow – tariffs 25% on Canada and 25% on Mexico. And that’ll start.” He added that these tariffs are necessary to pressure both nations into taking stronger action against fentanyl trafficking and illegal immigration. Trump also reiterated his plan to raise tariffs on all Chinese imports from 10% to 20% as a response to China’s ongoing exports of fentanyl to the US. Trump criticised China for failing to take sufficient action to address the ongoing illicit drug crisis.He has also indicated that the tariffs are part of his broader agenda to address trade imbalances and incentivise manufacturing to relocate to the US.The announcement quickly caused turbulence in the stock market, with the S&P 500 index falling by 2% on Monday afternoon trading. ADVERTISEMENTThe move underlines the political and economic risks Trump is willing to take in pursuit of his objectives, even as these tariffs could lead to higher inflation and a potential breakdown of long-standing trade relationships with Canada and Mexico.Trump had previously granted Mexico and Canada a one-month delay to allow them to make concessions, but has now declared that there is no further room for negotiation, signalling that the new tariffs on both countries would proceed. Canadian energy products such as oil and electricity will also face a 10% tariff.Canadian Foreign Minister Mélanie Joly responded by emphasising that Canada is prepared to retaliate with tariffs of its own, valued at $155 billion (€148 billion). ADVERTISEMENTShe outlined that the first round of Canadian tariffs, totalling $30 billion (€28.6 billion), would be implemented if the US moves forward with its plan. Meanwhile, Mexican President Claudia Sheinbaum says Mexico is still waiting for Trump’s decision. “It’s a decision that depends on the United States government, on the United States president,” Sheinbaum said. “Whatever his decision is, we will make our decisions, and there is a plan, there is unity in Mexico.” Mexico had already responded to Trump’s demands by deploying 10,000 National Guard troops to combat drug trafficking and illegal immigration. Canada, for its part, appointed a fentanyl czar, despite the relatively limited role of Canada in the US fentanyl crisis.ADVERTISEMENT
