Trump gives Putin 50-day Ukraine deadline, threatens new Russia sanctions
US President Donald Trump has said he is 'very unhappy' with Russian President Vladimir Putin and has set a 50-day deadline for a ceasefire,
He added the US will send more weapons and has flagged huge tariffs on Russia to try and bring the conflict to an end.
On Monday, US time, Mr Trump met with NATO secretary-general Mark Rutte in Washington DC.
He seems particularly perturbed by Moscow's habit, as he sees it, of talking peace to him and then bombing Ukraine shortly afterwards.
On the weekend, the US president flagged he would be sending more air defence missiles to Kyiv. He has now said Russia could face 'secondary tariffs' of 100 per cent. However that's still far less than the 500 per cent tariffs some in his party favour of Moscow.
The Royal Family has meanwhile announce that Mr Trump's state visit to the UK will occur in September.
But in a curious move, it will take place when the UK parliament is in recess meaning Mr Trump will not get the opportunity to address parliament.
Read on for more updates.
Originally published as US politics live: Furious Trump flags huge tariffs on Russia
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Market reaction to the tariff uncertainty has been benign, making earnings in the United States this week all the more important for cues. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.8 per cent on Tuesday, while Europe's STOXX benchmark rose 0.2 per cent and Nasdaq futures gained after Nvidia said it would resume sales of its H20 chips to China. The EU accused the US of resisting efforts to strike a trade deal and warned of countermeasures if no agreement is reached. Trump said he was open to talks with the EU and other trading partners. Japan's Prime Minister Shigeru Ishiba is arranging to meet US Treasury Secretary Scott Bessent in Tokyo on Friday, the Yomiuri newspaper reported, before an August 1 deadline before 25 per cent tariffs are due to take effect. Ishiba also has an election to contend with on Sunday, with polls showing his ruling coalition might lose their majority in the upper house to political opponents who are advocating for expansive spending. Japanese government bonds plunged, with the benchmark 10-year yield rising to 1.595 per cent, its highest since October 2008. Data showed China's economy slowed less than expected in the second quarter in a show of resilience against US tariffs. Nvidia CEO Jensen Huang is scheduled to visit the country on Wednesday, with his company now planning to resume sales of its H20 artificial intelligence chips in the market. The US earnings season is set to begin on Tuesday, with second-quarter reports from major banks. S&P 500 profits are expected to rise 5.8 per cent year-over-year, according to LSEG data. The outlook has dimmed sharply since the early April forecast of 10.2 per cent growth, before Trump launched his trade war. Trump's renewed verbal attacks on Federal Reserve chair Jerome Powell in recent weeks also offered markets a reminder of the turmoil that his sometimes abrupt decision-making can unleash, analysts said. Investors are also waiting for US consumer price data for June, due on Tuesday, and will monitor for any upward pressure on prices from tariffs. The dollar was little changed at 147.62 yen after touching a three-week high. The euro edged up 0.1 per cent to $US1.1680 after four days of losses. US crude dipped 0.6 per cent to $US66.56 a barrel. Trump announced new weapons shipments for Ukraine on Monday, and threatened sanctions on buyers of Russian exports unless Moscow agrees to a peace deal in 50 days. Gold strengthened 0.5 per cent at $US3,358 per ounce, while spot silver gained 0.3 per cent to $US38.25 an ounce after hitting its highest level since September 2011 in the previous session. Shares have climbed worldwide and the dollar has held gains as market participants enter a key week for US earnings, inflation data and trade talks in a relatively optimistic mood. Oil prices edged lower after US President Donald Trump issued a 50-day deadline for Russia to end the war in Ukraine to avoid energy sanctions. Trump signalled he was open to discussions on tariffs after his weekend threat to impose 30 per cent duties on the European Union and Mexico from August 1. Japan is reportedly trying to schedule high-level talks with the US on Friday. Market reaction to the tariff uncertainty has been benign, making earnings in the United States this week all the more important for cues. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.8 per cent on Tuesday, while Europe's STOXX benchmark rose 0.2 per cent and Nasdaq futures gained after Nvidia said it would resume sales of its H20 chips to China. The EU accused the US of resisting efforts to strike a trade deal and warned of countermeasures if no agreement is reached. Trump said he was open to talks with the EU and other trading partners. Japan's Prime Minister Shigeru Ishiba is arranging to meet US Treasury Secretary Scott Bessent in Tokyo on Friday, the Yomiuri newspaper reported, before an August 1 deadline before 25 per cent tariffs are due to take effect. Ishiba also has an election to contend with on Sunday, with polls showing his ruling coalition might lose their majority in the upper house to political opponents who are advocating for expansive spending. Japanese government bonds plunged, with the benchmark 10-year yield rising to 1.595 per cent, its highest since October 2008. Data showed China's economy slowed less than expected in the second quarter in a show of resilience against US tariffs. Nvidia CEO Jensen Huang is scheduled to visit the country on Wednesday, with his company now planning to resume sales of its H20 artificial intelligence chips in the market. The US earnings season is set to begin on Tuesday, with second-quarter reports from major banks. S&P 500 profits are expected to rise 5.8 per cent year-over-year, according to LSEG data. The outlook has dimmed sharply since the early April forecast of 10.2 per cent growth, before Trump launched his trade war. Trump's renewed verbal attacks on Federal Reserve chair Jerome Powell in recent weeks also offered markets a reminder of the turmoil that his sometimes abrupt decision-making can unleash, analysts said. Investors are also waiting for US consumer price data for June, due on Tuesday, and will monitor for any upward pressure on prices from tariffs. The dollar was little changed at 147.62 yen after touching a three-week high. The euro edged up 0.1 per cent to $US1.1680 after four days of losses. US crude dipped 0.6 per cent to $US66.56 a barrel. Trump announced new weapons shipments for Ukraine on Monday, and threatened sanctions on buyers of Russian exports unless Moscow agrees to a peace deal in 50 days. Gold strengthened 0.5 per cent at $US3,358 per ounce, while spot silver gained 0.3 per cent to $US38.25 an ounce after hitting its highest level since September 2011 in the previous session. Shares have climbed worldwide and the dollar has held gains as market participants enter a key week for US earnings, inflation data and trade talks in a relatively optimistic mood. Oil prices edged lower after US President Donald Trump issued a 50-day deadline for Russia to end the war in Ukraine to avoid energy sanctions. Trump signalled he was open to discussions on tariffs after his weekend threat to impose 30 per cent duties on the European Union and Mexico from August 1. Japan is reportedly trying to schedule high-level talks with the US on Friday. Market reaction to the tariff uncertainty has been benign, making earnings in the United States this week all the more important for cues. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.8 per cent on Tuesday, while Europe's STOXX benchmark rose 0.2 per cent and Nasdaq futures gained after Nvidia said it would resume sales of its H20 chips to China. The EU accused the US of resisting efforts to strike a trade deal and warned of countermeasures if no agreement is reached. Trump said he was open to talks with the EU and other trading partners. Japan's Prime Minister Shigeru Ishiba is arranging to meet US Treasury Secretary Scott Bessent in Tokyo on Friday, the Yomiuri newspaper reported, before an August 1 deadline before 25 per cent tariffs are due to take effect. Ishiba also has an election to contend with on Sunday, with polls showing his ruling coalition might lose their majority in the upper house to political opponents who are advocating for expansive spending. Japanese government bonds plunged, with the benchmark 10-year yield rising to 1.595 per cent, its highest since October 2008. Data showed China's economy slowed less than expected in the second quarter in a show of resilience against US tariffs. Nvidia CEO Jensen Huang is scheduled to visit the country on Wednesday, with his company now planning to resume sales of its H20 artificial intelligence chips in the market. The US earnings season is set to begin on Tuesday, with second-quarter reports from major banks. S&P 500 profits are expected to rise 5.8 per cent year-over-year, according to LSEG data. The outlook has dimmed sharply since the early April forecast of 10.2 per cent growth, before Trump launched his trade war. Trump's renewed verbal attacks on Federal Reserve chair Jerome Powell in recent weeks also offered markets a reminder of the turmoil that his sometimes abrupt decision-making can unleash, analysts said. Investors are also waiting for US consumer price data for June, due on Tuesday, and will monitor for any upward pressure on prices from tariffs. The dollar was little changed at 147.62 yen after touching a three-week high. The euro edged up 0.1 per cent to $US1.1680 after four days of losses. US crude dipped 0.6 per cent to $US66.56 a barrel. Trump announced new weapons shipments for Ukraine on Monday, and threatened sanctions on buyers of Russian exports unless Moscow agrees to a peace deal in 50 days. Gold strengthened 0.5 per cent at $US3,358 per ounce, while spot silver gained 0.3 per cent to $US38.25 an ounce after hitting its highest level since September 2011 in the previous session.
