Russia and Ukraine hold fast to their demands ahead of a planned Putin-Trump summit
The maximalist demands reflect Putin's determination to reach the goals he set when he launched the full-scale invasion of Ukraine on Feb. 24, 2022.
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Zelensky thanks European allies for support ahead of Trump-Putin meeting
Ukrainian President Volodymyr Zelensky has thanked European nations who have rallied behind his country ahead of a planned meeting between US President Donald Trump and Russia's Vladimir Putin. Mr Trump has said Friday's meeting in Alaska with his Russian counterpart was to discuss ending the more than three-year war. Mr Zelensky responded by thanking European allies and wrote on X on Sunday: 'The end of the war must be fair, and I am grateful to everyone who stands with Ukraine and our people.' Saturday's statement by top European leaders emphasising that peace cannot be achieved without Kyiv's involvement came after the White House confirmed the US president was willing to grant Mr Putin the one-on-one meeting Russia has long pushed for, and suggestions from Mr Trump that a peace deal could include 'some swapping of territories'. This raised fears Kyiv may be pressured into giving up land or accepting other curbs on its sovereignty. A White House official, who spoke on condition of anonymity as they are not allowed to speak publicly, told The Associated Press that Mr Trump remained open to a trilateral summit with both the Russian and Ukrainian leaders, but for now, he will have a bilateral meeting requested by Mr Putin. Meanwhile, US Vice President JD Vance on Saturday met top European and Ukrainian officials at the UK Foreign Secretary David Lammy's weekend residence to discuss how to end the war. Mr Trump had earlier said he would meet Mr Putin even if the Russian leader would not meet with Mr Zelensky. The Trump-Putin meeting may prove pivotal in a war that began when Russia invaded its western neighbour and has led to tens of thousands of deaths, although there is no guarantee it will stop the fighting since Moscow and Kyiv remain far apart on their conditions for peace. Saturday's statement, signed by the president of the European Union and leaders of the UK, France, Germany, Italy, Poland and Finland, stressed the need for a 'just and lasting peace' for Kyiv, including 'robust and credible' security guarantees. 'Ukraine has the freedom of choice over its own destiny. Meaningful negotiations can only take place in the context of a ceasefire or reduction of hostilities,' the statement said. 'The path to peace in Ukraine cannot be decided without Ukraine. We remain committed to the principle that international borders must not be changed by force,' the Europeans added. A month-long US-led push to achieve a truce in Ukraine has so far proved fruitless, with Kyiv agreeing in principle while the Kremlin has held out for terms more to its liking. Mr Trump had also moved up an ultimatum to impose additional sanctions on Russia and introduce secondary tariffs targeting countries that buy Russian oil if the Kremlin did not move toward a settlement. The deadline was Friday. The White House did not answer questions on Saturday about possible sanctions. The Kremlin earlier this week reiterated demands that Ukraine gives up territory, abandons its bid to join Nato, and accepts limits on its military, in exchange for a withdrawal of Russian troops from the rest of the country. Mr Zelensky said on Saturday that Ukraine 'will not give Russia any awards for what it has done' and that 'Ukrainians will not give their land to the occupier'. Ukrainian officials previously told the AP privately that Kyiv would be amenable to a peace deal that would de facto recognise Ukraine's inability to regain lost territories militarily. But Mr Zelensky on Saturday insisted that formally ceding land was out of the question.
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Have Trump's Tariffs Slowed the Stock Market?
President Donald Trump signed Executive Order 14257 on April 2, a move that he called 'Liberation Day.' Why? Because that executive order, along with Trump using the International Emergency Economic Powers Act (IEEPA), implemented a series of tariffs upon nearly all of America's trading partners, an act Trump defended as liberating the United States from what he called unfair trade deals of the past. Be Aware: Read Next: The signing of that executive order has created a summer of economic uncertainty both for America as well as its many trade partners. Trump instituted a baseline 10% on those trade partners, followed by a series of additional tariffs for some countries, while decreasing tariffs for others, or even pausing tariffs for certain countries to allow for further negotiation. In America, the looming threat of tariffs has created a fair amount of buyer concern — tariffs mean higher consumer prices here at home, and both shoppers and businesses alike have spent the summer waiting for the near-inevitable price-hikes. So it comes as no surprise that Trump's somewhat shocking Liberation Day announcement immediately caused global markets to crash in response to such a bold move. The markets eventually absorbed the news and righted themselves. That said, has the continued yo-yoing of tariff threats slowed the stock market? The Impact of Tariffs on the Stock Market The answer is yes. First, there was the initial market crashes in response to the news. Trump's announced tariffs were far more extreme than what experts and analysts predicted, and the April announcement was seen was a 'worse than the worst case scenario' by economists — the Dow Jones fell 3.98%, the Nasdaq Composite dropped 5.97% and the broad market index collapsed by 4.84%, the worst showing for each since the summer of 2020 when COVID ravaged the country and its economy. That isn't the only time Trump's tariffs have torpedoed the stock market, though. With almost every newly-announced increase in tariffs against a certain country, the markets tend to dive in response. Check Out: For example, August 2025 began with markets across the planet dropping in response to Trump's newest tariffs against America's partners, with S&P falling 1.6%, the Dow dropping by 1.23% and the Nasdaq Composite slipping by 2.24%, per CNN. This was Nasdaq's biggest single-day dip since April, and the S&P 500's biggest fall since May. All markets had been on a two-week rise prior to this most recent announcement. That April to August rollercoaster has been the pattern of the stock market for the summer — markets will be on the climb, Trump will announce a new flurry of tariffs, and stocks will drop in panic regarding the news, slowing whatever progress the market had accumulated. Trump's tariffs may ultimately lead to more equitable trade deals for America, but they've definitely come at a cost, frequently slowing the stock market with each new tariff. Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates 5 Old Navy Items Retirees Need To Buy Ahead of Fall 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth This article originally appeared on Have Trump's Tariffs Slowed the Stock Market? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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26 minutes ago
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Airdrops continue over Gaza Strip as Israel faces growing condemnation over military expansion plan
Foreign nations continued airdropping aid in Gaza on Sunday following Israel's announcement of its plan to retake Gaza City in another escalation of the war.
