Back to today’s briefing

Story perspectives

Trump Urges Peace Talks as EU Sanctions Loom

5/13/2025

36 5

Summary

Trump Advocates Peace

On May 12, President Trump voiced hope for peace talks between Ukraine and Russia set for May 15 in Istanbul. Ukraine's Foreign Minister stressed the critical need for a ceasefire, while Germany warned of sanctions if Russia fails to comply. The EU is poised to announce additional sanctions against Russia on May 14, as the conflict rages on.

Summary

US-China Tariff Agreement

In a significant move to ease trade tensions, the US and China have struck a 90-day deal to slash tariffs on each other's goods. US tariffs on Chinese imports will plummet from 145% to 30%, while China will reduce its tariffs on US products from 125% to 10%. This agreement seeks to avert a looming global recession.

1 of 2

Trump Advocates Peace

On May 12, President Trump voiced hope for peace talks between Ukraine and Russia set for May 15 in Istanbul. Ukraine's Foreign Minister stressed the critical need for a ceasefire, while Germany warned of sanctions if Russia fails to comply. The EU is poised to announce additional sanctions against Russia on May 14, as the conflict rages on.

1 / 2