The White House has expressed support for a European-led effort to bring an end to the war in Ukraine. However, officials have not yet provided details on the role the United States will play in these peace efforts.
Trump Criticizes Zelenskyy Over Peace Talks
President Donald Trump has again criticized Ukrainian President Volodymyr Zelenskyy for refusing to negotiate a peace deal with Russia. During a press conference announcing a $100 billion (€95.3 billion) investment by Taiwan’s TSMC, Trump claimed a resolution to the war could be reached quickly if Zelenskyy was willing to cooperate.
Trump also warned that Zelenskyy’s reluctance to engage in talks with Russia could put his leadership at risk. “If someone doesn’t want to make a deal, they won’t be around very long,” Trump said.
Despite Trump’s remarks, Zelenskyy remains firm in his stance. He has emphasized that any ceasefire must include security guarantees from the U.S. and Europe. He also recently stated that the war’s end remains “very, very far away,” a comment Trump later called the “worst” possible statement in a Truth Social post.
Relations between Trump and Zelenskyy have been strained since their tense White House meeting, where Trump and Vice President JD Vance reportedly scolded Zelenskyy for not showing enough gratitude for U.S. aid. The friction between the two leaders has raised concerns about the future of American support for Ukraine.
Future of US-Ukraine Relations Remains Uncertain
Trump is set to deliver a congressional speech addressing the future of a rare earth minerals deal with Ukraine. He had previously refused to sign the agreement, citing Zelenskyy’s perceived lack of appreciation. However, he continues to call it a “great deal” and plans to share further details on Tuesday.
Meanwhile, U.S. Secretary of State Marco Rubio has reassured Britain that Washington remains committed to helping end the war. In a call with British Foreign Secretary David Lammy, Rubio praised the UK’s efforts to strengthen Europe’s defense measures.
Trump Announces New Tariffs on Canada and Mexico
In a move that could strain trade relations, Trump has announced a 25% tariff on imports from Canada and Mexico, set to take effect on Tuesday. The decision has sparked fears of a North American trade war, which economists warn could worsen inflation and slow economic growth.
During an address in the White House’s Roosevelt Room, Trump declared: “Tomorrow—tariffs 25% on Canada and 25% on Mexico. And that’ll start.” He defended the decision by citing the need to pressure both countries into taking stronger actions against fentanyl trafficking and illegal immigration.
Trump also announced plans to increase tariffs on all Chinese imports from 10% to 20%, accusing China of fueling the U.S. fentanyl crisis. He blamed Beijing for failing to prevent the export of illicit drugs into the United States.
Market Reactions and Economic Concerns
The announcement of the tariffs immediately affected financial markets, with the S&P 500 index dropping by 2% during Monday’s afternoon trading. Experts warn that these tariffs could drive up costs for American consumers and escalate tensions with key trade partners.
Trump has long argued that tariffs are necessary to correct trade imbalances and bring manufacturing jobs back to the U.S. However, critics worry that these measures could lead to higher inflation and disrupt supply chains.
Canada and Mexico Respond to Tariff Threats
Canada and Mexico have reacted strongly to Trump’s decision. Canadian Foreign Minister Mélanie Joly announced that Canada is prepared to impose counter-tariffs worth $155 billion (€148 billion) if the U.S. moves forward with its plan. She also revealed that an initial $30 billion (€28.6 billion) in tariffs would be implemented immediately in retaliation.
Mexico has taken a more cautious approach. President Claudia Sheinbaum stated that Mexico is waiting for Trump’s final decision before responding. “It’s a decision that depends on the U.S. government, on the U.S. president,” she said. “Whatever his decision is, we will make ours. We have a plan, and there is unity in Mexico.”
In an effort to address some of Trump’s concerns, Mexico has already deployed 10,000 National Guard troops to combat drug trafficking and illegal immigration. Canada has also taken steps to mitigate U.S. pressure, appointing a fentanyl czar to oversee efforts in controlling the drug crisis.
Growing Global Trade Tensions
Trump’s latest actions signal a more aggressive approach to trade policy as he seeks to fulfill his campaign promises. His administration’s stance has already created uncertainty in global markets, and tensions between the U.S. and its trading partners continue to rise.
With the war in Ukraine ongoing and economic disputes escalating, the coming months will be crucial in determining the direction of U.S. foreign policy. Many analysts believe that Trump’s decisions could have long-term implications for America’s relationships with its allies and adversaries alike.
For more updates on this developing story, visit Euro News 24.