Trump says Iran would 'like to talk' about dialing down Israel-Iran conflict
President Donald Trump said Monday that Iran would "like to talk" about dialing down the Israel-Iran conflict during a quick appearance in front of reporters alongside Canada's prime minister at this week's G7 conference.
The president made the comment after a reporter asked if Trump had seen or heard "any signals or seen any messages from intermediaries that Iran wishes to de-escalate the conflict."
"They'd like to talk, but they should have done that before," Trump responded. "But I'd say Iran is not winning this war. And they should talk, and they should talk immediately before it's too late."
Trump's comments come amid an ongoing exchange of missile barrages between Israel and Iran. The battle began last week when Israel launched attacks from inside Iran targeting many of Iran's top military commanders and the country's nuclear facilities.
Trump reiterated during his Monday comments from the G7 that he had provided Iran 60 days to strike a deal on a new nuclear deal that the president has suggested could have prevented the current fighting.
"They had 60 days, and on the 61st day, I said, 'We don't have a deal,'" Trump said while standing next to Canadian Prime Minister Mark Carney. "They have to make a deal. And it's painful for both parties."
When asked what it would take for the U.S. to get involved in the conflict militarily, Trump said, "I don't want to talk about that."
"We've always supported Israel," Trump added when asked what material support the United States was providing Israel amid the attacks. "We have, for a long period of time, strongly, and Israel is doing very well right now."
On Monday, the Wall Street Journal reported that, according to Middle Eastern and European officials, Iran has been sending messages to Israel and the U.S. – via Arab intermediaries – signaling they are open to returning to the negotiating table under the condition the U.S. does not join Israel in its attacks.
Fox News Digital reached out to the White House for comment on this story.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fox News
30 minutes ago
- Fox News
Suspect in Minnesota history's largest manhunt faces state and federal charges
All times eastern Legends & Lies: The Real West Legends & Lies: The Real West Legends & Lies: The Real West FOX News Radio Live Channel Coverage WATCH LIVE: President Trump participates in G7 session with world leaders
Yahoo
30 minutes ago
- Yahoo
Trump says US-UK deal ‘done' as steel tariffs still up in air
Donald Trump and Sir Keir Starmer have finalised a US-UK deal that will slash trade barriers on goods from both countries, but leaves the future of tariffs on British steel up in the air. The Prime Minister said the move marked a 'very important day' for both sides as the US president announced the agreement was 'done' in a joint appearance on the sidelines of the G7 summit in Canada. The deal will grant British carmakers a reprieve by the end of June as levies drop from 25% to 10%, while the aerospace sector will face no import taxes. But tariffs for the steel industry, which is of key economic importance to the UK, will stand at 25% for now rather than falling to zero as originally agreed. This is less than the US global rate of 50% for steel and aluminium. The Prime Minister described the pact as a 'sign of strength' in the transatlantic relationship, while Mr Trump praised Sir Keir as a 'friend' who had done a 'great job' securing the deal that eluded leaders before him. Following the hastily arranged meeting, the two leaders posed for pictures outside the G7 venue with the signed documents, which the US president dropped before Sir Keir picked them up. Mr Trump also mistakenly referred to the pact as a 'trade agreement with the European Union.' In an impromptu media spray, the US president was asked whether steel tariffs would be eliminated, to which he replied: 'We're gonna let you have that information in a little while.' The Department for Business and Trade said the two leaders had pledged to 'make progress towards 0% tariffs on core steel products as agreed'. Asked whether Britain would be shielded from future tariffs, Mr Trump said the UK was protected 'because I like them'. 'The UK is very well protected, you know why? Because I like them. That's their ultimate protection,' he said. The PM told the US President: 'Donald, thank you very much… A really important agreement. And so this is a very good day for both of our countries, a real sign of strength.' The terms of the deal were agreed in May, but neither Washington nor London had yet taken the necessary steps to reduce tariffs. Reports have since suggested the US could also push for the NHS to pay more for American drugs in exchange for softened tariffs, with White House sources telling the Telegraph the service would be expected to pay higher prices. Downing Street insisted the Government will 'only ever sign trade agreements that align with the UK's national interests' but did not rule out discussing the issue with Washington. The Prime Minister was also insistent that a nuclear submarine deal between the UK, US and Australia, called Aukus, is 'very important' to both the United States and Britain. He said it was proceeding despite Washington launching a review into the pact, which is worth around £176 billion and believed to be aimed at countering China. He said: 'We're proceeding with that, it's a really important deal to both of us. 'I think the president is doing a review, we did a review when we came into government, and that makes good sense to me.' Sir Keir and his fellow world leaders are locked in a week of intense diplomacy amid the spiralling conflict in the Middle East and the war in Ukraine. The Prime Minister joined Italian Premier Giorgia Meloni, French President Emmanuel Macron, Mr Carney and German Chancellor Friedrich Merz for a glass of wine and informal discussions on Sunday night. Downing Street dismissed suggestions that the get-together had been a 'Trump-handling' exercise to prove the summit against the US president's unpredictability as leaders seek to put on a united front in the face of heightened global instability. On Monday, splits opened up in the response to Russia, which Mr Trump suggested should not have been kicked out of the former G8 following its annexation of Crimea in 2014. The US leader also signalled his reluctance to impose further American sanctions on Moscow despite a European push to heap more pressure on Vladimir Putin as he resists calls for an unconditional ceasefire in Ukraine. Standing alongside Sir Keir, who had earlier said G7 allies would seek to ratchet up measures against the Kremlin, Mr Trump said sanctions were 'not that easy' and would cost Washington 'a tremendous amount of money'. Asked whether Washington supported European efforts to impose further measures, he told reporters ahead of a bilateral meeting with the UK Prime Minister: 'Well Europe is saying that, but they haven't done it yet. 'Let's see them do it first.' Asked why he wanted to wait to impose sanctions, Mr Trump said: 'Because I'm waiting to see whether or not a deal is done… and don't forget, you know, sanctions cost us a lot of money.'
Forbes
31 minutes ago
- Forbes
The Myth Of The Free Market: Chris Hughes' American Economic History
(Original Caption) High Officials Attend Funeral of William Woodin. Vice President John Nance ... More Garner, (left), and Jesse Jones, Chairman of the Reconstruction Finance Corporation, pictured leaving the Fifth Avenue Presbyterian Church, New York, after attending funeral services for William Woodin, for Secretary of the Treasury. Chris Hughes's Market Crafters: The 100‑Year Struggle to Shape the American Economy, published just a few weeks ago in the Spring of 2025, is a masterful, humanizing journey through a century of U.S. economic history. Hughes—economist, former English major, Harvard roommate of Mark Zuckerberg turned multimillionaire after selling his Facebook stock, and public intellectual—brings a storyteller's instinct to a traditionally arid subject. He can make Fed policy gripping. His background makes him uniquely compelling: he understands both language and markets, and he writes with clarity but does not condescend to the reader. He shatters the myth that free markets alone produced American prosperity. Instead, he chronicles a persistent, bipartisan tradition of 'market crafting': the deliberate use of government authority to shape markets—investing, regulating, and stabilizing—for public benefit. This narrative covers episodes ranging from Jesse H. Jones's Reconstruction Finance Corporation in the 1930s to modern semiconductor policy under Trump and Biden. Hughes's first book, Fair Shot: Rethinking Inequality and How We Earn, landed in February 2018. He began convinced that unconditional cash was the silver bullet for inequality. Over the course of his research, however, he shifted his position, recognizing the indispensability of public infrastructure—roads, schools, regulatory systems—that cash alone doesn't supply. It was an evolution worth noting, and in Market Crafters, that same curiosity drives a deeper exploration of institutional design. In 2019, Hughes authored a landmark essay in The New York Times calling for Facebook's breakup, the company he worked hard to build. That early and incisive stance on monopoly power foreshadows the themes that animate Market Crafters. Here, Hughes investigates the people and lawmakers – including it seems, Trump and Biden, who worry monopolies thrive when markets go uncrafted and how careful tariff, tax breaks, and direct investment can restore competition and innovation. The heart of the book is its cast of characters—detail-rich portraits of decision-makers whose lives shaped policy. These include Jesse H. Jones, William McChesney Martin, Arthur Burns, Nancy Teeters, Paul Volcker, Alan Greenspan, Lina Khan, Jake Sullivan, Brian Deese, Felicia Wong, and many others. Hughes's approach isn't ideological: he grants respect to pragmatic leaders—Republican and Democrat—who leveraged the tools of statecraft to stabilize and invigorate the economy. What is market craft? Chris Hughes writes 'it's the intentional use of state power to shape markets towards the political goal of stability. In the depression 'the alternative – – cascading bankruptcies in the banking, agricultural railroad sectors was out of the question.' Possibly the most satisfying lesson in marketcrafting comes early with Jesse H. Jones, who served as head of the RFC from 1932 until 1939. The RFC was not just a wartime lender—it was essentially a federal investment bank, channeling billions into faltering banks, railroads, and farms. Between 1932 and 1935, Jones authorized the distribution of about $74 billion in today's dollars. His vision of combining government money with private capital to prevent cascading bankruptcies defines 'market crafting': the calculated, visionary use of public power to engineer stability. Hughes devotes a section to the Federal Reserve's transformation. William McChesney Martin—Fed Chair from 1951 to 1970—famously insisted that the Fed's job was 'to take away the punch bowl just as the party's getting started.' And Hughes quotes him saying something like 'Markets are nursed along as children are nursed along,' explaining that policymakers guide markets because unregulated forces would otherwise leave economies vulnerable. Hughes also recalls Martin's innovation known as 'Operation Twist' in the 1960s, whereby the Fed sold short-term Treasuries to buy long-term bonds—an early instance of yielding to market needs without monetary expansion. Nancy Teeters, appointed in 1978 as the first woman to serve on the Federal Reserve Board of Governors, is remembered not as a Chair but as a pathbreaker who often dissented during times of macroeconomic turbulence. Her role illustrates how even non‑chair governors can steer policy by holding the institution accountable for balance, not adherence to any dogma. Skipping ahead to the 2008 Hughes recounts the turbulent 2008 financial crisis. Bear Stearns was rescued on March 16, 2008, by JPMorgan Chase with a $30 billion-backed Fed loan—a classic move in the tradition of market crafting. By contrast, Lehman Brothers was left to fail when it filed for bankruptcy on September 15, 2008, triggering global financial panic. The about-face in policy reflects a tension between the ideological belief that NOT creating moral hazard was the most important policy goal. Hughes suggests the imperative of preventing systemic collapse was not in focus because the Treasury Secretary, Hank Paulson's, belief in the market's ability to discipline itself and snap back. Paulson insisted in public statements that he wasn't going to tolerate bailouts. Just a few weeks later the officials learned a different lesson and bailed out AIG. The final chapters examine how both President Trump and President Biden departed from neoliberal economic policies to embrace market crafting to boost investment in key industries. Trump's Operation Warp Speed is framed not only as a public-health success but also as a market-crafting intervention: the federal government intervened directly in private pharmaceutical markets to ensure vaccine development and distribution. Biden led bold market crafting and perhaps his boldness came from years of experience as Vice President and Senator. He knew government could shape markets. And he knew it was in the American tradition. He wanted to help the middle class and create jobs. During the campaign he said to potential donors,' My Lord, look at what is possible, looking at the institutional changes we can make, without us becoming a 'socialist country' or any of that malarkey.' Biden signed the CHIPS and Science Act on August 9, 2022, authorizing approximately $52.7 billion in direct semiconductor investments and research support, as part of a broader $280 billion science and technology initiative. What surprised many is how bipartisan the push became, with Republicans such as Senators Marco Rubio, Josh Hawley, and Todd Young. Hughes discusses their rethinking and departure from free market ideology on the same page as he describes Democrat Senator Elizabeth Warren's supporting for market crafting. Through these actions, Hughes suggests industrial policy is no longer a partisan liability but a pragmatic necessity. Both presidents, despite different rhetoric, drew from the same script: government can steer market outcomes for national stability and innovation. Hughes argues for a modern federal investment bank. t's hardly un-American—after all, the RFC came first. By tracing a narrative arc back to Jesse H. Jones and the Reconstruction Finance Corporation, Hughes suggests that a federal investment bank is not a radical departure, but a deeply American institution. The bank would have to be well – designed so it was evergreen, it could function across be swings in administrations, resist capture, and catalyze public‑interest investment. He writes, 'With smart design, a national investment bank could harness markets for social and political goals while building durable institutional expertise that outlasts any single administration. 'Market Crafters is not a partisan tract but an exploration of economic policymaking in action. It is, above all, a tribute to institutions that adapt and the people who create and recreate them -- RFCs, central banks, federal agencies. Readers get a renewed appreciation for American policymakers who navigated crises and steered the economy by not by retreating to free-market dogma – most of the time -- but crafting and shaping markets. Chris Hughes surprisingly readable economic history foregrounds the personalities behind policy while making a robust case for public policymaking as an art of market design. He makes the same argument in a recent New York Times article describing President Trump's conflict with Fed Chief Jerome Powell. Hughes book shows how, when governments act deliberately and skillfully, they can steady economies, spur innovation, and avert disaster. For anyone grappling with questions about tariffs, pandemic-era bailouts, industrial strategy, or Fed policy, Market Crafters provides both context and an invitation—to consider that markets are not self-executing, but human-crafted.
