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The Latest Breaking News from Scott Bessent

5 Times the Trump Team Told Americans To Accept Being Poorer

Trump's comment about how "dolls" will "cost a couple of bucks more" is the latest in a long trend of nationalist conservatives disparaging affordable stuff.

Reason

UK preparing to ban consumers from buying crypto with borrowed funds

Soaring cryptocurrency values after Trump election has put pressure on financial regulator to take tougher line

The Guardian - UK

China says it is ‘evaluating’ US offer for talks on Trump tariffs

Beijing warns Washington that any attempt to use talks as pretext to engage in coercion and extortion won’t work

The Independent UK

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Ukraine-Russia war latest: Putin and Trump ‘exchange WW2 anniversary greetings’ as Moscow marks Victory Day

Moscow event is taking place under tight security amid fears Ukraine could carry out drone strikes

The Independent UK

The minerals deal is advantageous for Ukraine – but also for the United States

THE INDEPENDENT VIEW: Editorial: The ‘Art of the Deal’ may have been Donald Trump’s abiding contribution to literature but it is Volodymyr Zelensky, it now seems, who used his personal diplomacy with the US president during the funeral for Pope Francis to excellent effect

The Independent UK

Trump administration readies first sale of military equipment to Ukraine

State department certifies licence for ‘$50m or more’ in defence hardware and services after minerals deal signed

The Guardian - UK

Downing Street welcomes US Ukraine economic deal

The two countries signed off on an agreement on Wednesday that is expected to give the US access to Ukraine’s mineral resources.

Evening Standard

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Cautious optimism in Ukraine over minerals deal with Trump

While details remain to be finalised, Zelenskyy may have have secured a better agreement than first seemed likely

The Guardian - UK

UK support for Ukraine ‘steadfast’, says Lammy as he welcomes US deal

Ukraine and the US signed off on an economic agreement on Wednesday.

Evening Standard

Ukraine has prised Trump away from the Kremlin with minerals deal in triumph of diplomacy

ANALYSIS: The US-Ukraine mineral deal is good for both countries and the first sign that Trump may turn away from Putin, world affairs editor Sam Kiley writes

The Independent UK

US-Ukraine minerals deal text revealed as Donald Trump makes key concession

White House Press Secretary Karoline Leavitt describe the agreement as a ‘first of its kind, historic’ partnership, which will ensure the ‘long-term economic success of Ukraine’

Evening Standard

Trump approves first weapons shipment to Ukraine since becoming president, report says, after minerals deal agreed – as it happened

Trump administration suspended delivery of US military aid to Ukraine in March but is now set to restore exports

The Guardian - AU

Ukraine, US Sign Minerals Deal, Tying Trump To Kyiv

The United States and Ukraine on Wednesday signed a minerals deal after a two-month delay, in what President Donald Trump's administration called a new form of US commitment to Kyiv after the end of military aid.

International Business Times

What is in the US-Ukraine minerals deal?

A new investment fund is to be established to help with post-war reconstruction of Ukraine.

Al Jazeera

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The Guardian - US

US and Ukraine sign minerals deal that solidifies investment in Kyiv’s defense against Russia

Move seals a deal to create a fund the Trump administration says will begin to repay roughly $175bn provided to Ukraine

Fortune

An architect of Trump’s tariff policy doesn’t see ‘immediate change’ to China tariffs

Chair of the Council of Economic Advisers Stephen Miran said tariffs on China would remain in place.

Radio France Internationale

Ukraine, US sign minerals deal, marking shift from military to economic support

The United States and Ukraine have signed a minerals deal after a two-month delay, in what President Donald Trump's administration called a new form of US commitment to Kyiv after the end of military aid.

The Independent UK

Elon Musk is leaving Trump. Or is he? What’s next for Doge’s ‘authoritarian’ wrecking ball?

The world’s wealthiest man is ‘significantly’ stepping back from the White House, but the cost-cutting force isn’t going anywhere, Alex Woodward reports

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The Independent UK

Commerce Secretary says US is close to first tariff deal, days after Trump bragged he already had 200 deals

Commerce Secretarty Howard Lutnick says he has a deal done but won’t name the country

Euronews

Donald Trump to offer automakers some relief on his 25% tariffs

President Donald Trump signed executive orders on Tuesday to relax some of his 25% tariffs on automobiles and auto parts, the White House said, a significant reversal as the import taxes threatened to hurt domestic manufacturers.

The Guardian - UK

Trump reveals plans to ease tariff impact on US carmakers

US president will curb some duties on foreign parts in domestically manufactured cars, administration says

Latin Times

Federal Minimum Wage Officially Falls Below Poverty Line. Trump Admin Has No Plans to Increase It

The federal minimum wage of $7.25 has not changed since 2009 despite a 37% increase in the cost of living.

Fortune

Port of L.A. executive director says retailers will soon have only about 7 weeks of full inventories left amid U.S.-China trade war

“Nobody wins,” Gene Seroka said. “China is America’s factory.”

The Independent UK

White House scales back auto tariffs after industry panic: ‘It’s a little bit of help’

Trump signed a new set of executive orders, which will provide some relief for US automakers who feared the toll of stacking tariffs on prices

The Independent UK

White House gets defensive when asked if Xi and Trump have talked about the future of tariffs

Trump has claimed to have spoken with the Chinese leader in recent weeks. The Chinese government says it hasn’t happened

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