
Trump says he's shortening the 50-day deadline for Russia to end the war in Ukraine
Russia fired an overnight barrage of more than 300 drones, four cruise missiles and three ballistic missiles, the Ukrainian air force said, as the Russian bombardment of Ukrainian cities continued despite Trump's pressure for it to end. U.S.-led peace efforts have also failed to gain momentum.
Trump had said on July 14 that he would implement "severe tariffs" on Russia unless a peace deal is reached by early September. On Monday, Trump said he would now give Putin 10 to 12 days, meaning he wants peace efforts to make progress by Aug. 7-9.
The plan includes possible sanctions and secondary tariffs targeting Russia's trading partners. The formal announcement would come later Monday or on Tuesday, Trump said.
"No reason in waiting," Trump said of the shorter timeline. "We just don't see any progress being made."
Putin has "got to make a deal. Too many people are dying," Trump said during a visit to Scotland.
There was no immediate response from Russia.
Trump repeated his criticism of Putin for talking about ending the war but continuing to bombard Ukrainian civilians.
"And I say, that's not the way to do it," Trump said. He added, "I'm disappointed in President Putin."
Asked at a news conference about a potential meeting with the Russian leader, Trump said: "I'm not so interested in talking anymore."
Still, he voiced some reluctance about imposing penalties on the Kremlin, saying that he loves the Russian people. "I don't want to do that to Russia," he said, but he noted how many Russians, along with Ukrainians, are dying in the war.
Ukraine has urged Western countries to take a tougher line with Putin. Andrii Yermak, the head of Ukraine's presidential office, thanked Trump for shortening the deadline.
"Putin understands only strength -- and that has been conveyed clearly and loudly," Yermak said on Telegram, adding that Ukrainian President Volodymyr Zelenskyy shared the sentiment.
Latest attacks in Ukraine
A Russian drone blew out the windows of a 25-story residential building in the Darnytskyi district of Kyiv, the head of the city's military administration, Tymur Tkachenko, wrote on Telegram. Eight people were injured, including a 4-year-old girl, he said.
The attack also started a fire in Kropyvnytskyi, in central Ukraine, local officials said, but no injuries were reported.
The main target of the Russian attack was Starokostiantyniv, in the Khmelnytskyi region of western Ukraine, the air force said. Regional authorities reported no damage or casualties.
Western Ukraine is on the other side of the country from the front line, and the Ukrainian military is believed to have significant airfields as well as arsenals and depots there.
The Russian Defense Ministry said its forces carried out an overnight strike with long-range, air-launched weapons, hitting a Ukrainian air base along with an ammunition depot containing stockpiles of missiles and components for drone production.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Mainichi
3 hours ago
- The Mainichi
Sony Group lifts FY 2025 net profit outlook on eased tariff concerns
TOKYO (Kyodo) -- Sony Group Corp. said Thursday it has raised its net profit forecast for the fiscal year through March to 970 billion yen ($6.57 billion), up 4 percent from an earlier projection, after reassessing the impact of higher U.S. tariffs. The Japanese tech and entertainment conglomerate lifted its operating profit forecast to 1.33 trillion yen, up 4 percent from the previous estimate in May, while leaving its sales outlook unchanged at 11.7 trillion yen. Sony Group revised the projected impact of the U.S. trade measures, imposed under U.S. President Donald Trump, on its operating profit to 70 billion yen, down from 100 billion yen forecast in mid-May. After Trump implemented "reciprocal" tariffs with a baseline duty of 10 percent for nearly all countries in April, fears had been growing that Japan could face the imposition of additional duties that would more than double the level. But last month, the Japanese government said it had agreed with the United States to set the rate at 15 percent. "The situation surrounding the additional U.S. tariffs is still fluid, and we intend to continue to monitor it and take action to minimize its impact," the Tokyo-based company said in a release. For the three months ended June, Sony Group's net profit rose 23.3 percent from a year earlier to 259.03 billion yen. Operating profit climbed 36.5 percent to 339.96 billion yen, while sales increased 2.2 percent to 2.62 trillion yen. The earnings report excludes the group's financial services business, which is set to be spun off in October.


Asahi Shimbun
3 hours ago
- Asahi Shimbun
Asian stocks climb, dollar droops on Fed easing bets
Asian equities rose on Thursday, with Japanese shares hitting a record high, as tech-led gains on Wall Street, upbeat earnings and growing expectations for U.S. rate cuts boosted sentiment. The prospect of a meeting between U.S. President Donald Trump and Russian President Vladimir Putin over the war in Ukraine also underpinned sentiment, benefitting the euro. Sterling held its ground at a one-week high going into the Bank of England's policy announcement later in the day, with a quarter-point cut widely expected, and the focus falling on a possible three-way split within the board. Chinese stocks and the yuan were supported by upbeat trade data, which helped ease U.S. tariff concerns. Markets largely shook off Trump's latest tariff volleys, including an additional 25% tariff on India over purchases of Russian oil and a threatened 100% duty on chips. 'While a 100% tariff rate looks devastating, exemptions for firms investing in the U.S. 'even though you're building and you're not producing yet' could in fact significantly reduce economic exposures,' Barclays analysts wrote in a note. However, the extent of the exemptions remains unclear because, 'of course, there are no details,' they said. Japan's broad Topix index rose 0.9% to reach an all-time high, with the more tech-focused Nikkei also gaining by about the same margin at its highest point. Taiwan's stock benchmark surged as much as 2.6% to a more than one-year peak. Shares in TSMC, which this year announced additional investment in its U.S. production facilities, soared 4.9% to a record high. The KOSPI added 0.6%, with South Korea's top trade envoy saying Samsung Electronics and SK Hynix will not be subject to 100% tariffs. Hong Kong's Hang Seng rose 0.5%, although mainland Chinese blue chips were only slightly higher on the day. The yuan firmed slightly to 7.1819 per dollar in offshore trading. Pan-European STOXX 50 futures pointed 0.3% higher. U.S. S&P 500 futures rose 0.2%. On Wednesday, the cash index climbed 0.7%. 'Wall Street seems to have gotten its mojo back,' analyst Kyle Rodda wrote in a note. 'However, there are persistent risks to the downside. Downside surprises in official data are increasing,' he said. 'Valuations are also stretched, with forward price to earnings hovering around the highest in four years. And trade uncertainty persists.' The U.S. dollar remained lower against major peers on Thursday, with expectations of easier policy from the Federal Reserve stoked both by some disappointing macroeconomic indicators - not least Friday's payrolls report - and Trump's move to install new picks on the Fed board that are likely to share the U.S. President's dovish views on monetary policy. Focus is centering on Trump's nomination to fill a coming vacancy on the Fed's Board of Governors and candidates for the next chair of the central bank, with current Chair Jerome Powell's tenure due to end in May. The dollar index, which gauges the currency against the euro, sterling and four other counterparts, eased slightly to 98.133, extending a 0.6% drop from Wednesday. The euro added 0.1% to $1.1672, following the previous session's 0.7% jump. Sterling rose 0.2% to $1.3371. The BoE looks poised to cut interest rates for the fifth time in 12 months later on Thursday, but nagging worries about inflation are likely to split its policymakers and cloud the outlook for its next moves. Two Monetary Policy Committee members may push for a half-point rate cut, and two may lobby for no change.


Yomiuri Shimbun
4 hours ago
- Yomiuri Shimbun
Newly Imposed U.S. ‘Reciprocal' Tariffs May Be at Odds with Japan Deal; Proposed Pharma Levy Sparks Concerns
The United States imposed new 'reciprocal' tariffs on Japan and about 70 other countries and regions at 12:01 a.m. on Thursday (1:01 p.m. in Japan). Economic revitalization minister Ryosei Akazawa held a 90-minute meeting with U.S. Commerce Secretary Howard Lutnick on Wednesday in Washington, during which he urged the United States to swiftly implement the terms of a bilateral trade deal. During the talks, Akazawa reaffirmed the details of the trade agreement between Japan and the United States, including special measures for reciprocal tariffs and a reduction in automobile tariffs. This was Akazawa's ninth visit to the United States for tariff negotiations and the first since the two countries reached an agreement on July 22. The administration of U.S. President Donald Trump published a document on its reciprocal tariffs in the U.S. Federal Register on Wednesday and explained that new special provisions would apply only to the European Union, not to Japan or any other country. According to the Japanese government, it had agreed with the U.S. government on the following special provisions: For items with tariff rates of less than 15%, the total rate including the reciprocal tariff would be set at 15%; for items with tariff rates of 15% or more, the reciprocal tariff would not be applied. However, neither the executive order signed by Trump nor the Federal Register document dated Aug. 6 mentioned these special provisions for Japan. As it stands, 15% may be being added to existing tariffs, as for other countries and regions aside from the EU. For example, the tariff rate for textiles exported from Japan was 7.5%, but now could be 22.5%. There should not have been any change to the tariff for beef, which was 26.4%, but there are concerns that the tariff has been increased to 41.4%. Because of this issue, Akazawa requested a swift correction to the document. Akazawa also discussed the auto tariff, requesting that the rate is reduced from the current 27.5% to 15%, as agreed, at an early date. The implementation period is still uncertain. He did not disclose the U.S. side's reaction. Akazawa will stay until Friday to continue coordinating with the United States. Under the new tariffs, Japan, the EU and South Korea face a 15% levy; the United Kingdom and others face the lowest rate of 10%; and Syria faces the highest rate of 41%. In an interview with CNBC on Tuesday, Trump said he would announce sector-specific tariff rates on pharmaceuticals and semiconductors next week. He said that tariffs on pharmaceuticals would be raised in stages and could reach as much as 250%. The United States imports many, mainly generic, drugs from India and China, and some have pointed out potential security concerns. Pharmaceutical exports from Japan to the United States amounted to about ¥440 billion yen in 2023, and if these tariffs are actually implemented, the industry could be hit hard just like the auto industry. Hayashi: No discrepancy Chief Cabinet Secretary Yoshimasa Hayashi told reporters on Thursday, 'We have been confirming with the United States that there is no discrepancy regarding the recognition [of the contents of the agreement].' He added that Japan and the United States would 'communicate at various levels and work for the agreement's steady implementation.'