Donald Trump has hinted at a more "pro-Ukraine stance" after using "Biden-era language" in his statement on his resources deal with Ukraine, it has been claimed.After months of tense negotiations, the Trump administration has signed a deal with Ukraine on the joint exploitation of energy and mineral resources.FULL STORY HERE.
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00:00economy contracting for the first time in three years. How much do you think this is down to
00:05President Trump's tariffs? And how much is it down to the legacy left by Joe Biden?
00:10Well, that's the question everyone's asking. I mean, Ellie, there's no doubt that we've seen
00:15this tariff chaos really playing out. We've had different announcements, backtracking on certain
00:23announcements, backtracking on certain tariffs. So there's a lot of uncertainty, a lot of
00:28volatility in the markets at the moment. And business owners that I've been speaking to across
00:33America, they're worried. They don't know what this will mean for their long-term business interests.
00:39So there is some merit in the argument where you heard President Trump saying there,
00:44look, give us some time. This is our first 100 days. We've made some of these big sweeping changes
00:51that I was elected on the platform to do. This is what people want. Interestingly, Ellie, some of the
00:58polls that have been coming out have been showing that, yeah, that there is some negativity. His
01:04ratings are down amongst parts of the American public and in large part due to this economic
01:10uncertainty. So we're really, I think, at this stage watching and pretty much every day at the moment,
01:17every week, certainly, there is a new development when it comes to the tariffs and these deals that
01:24are being made and announced. And we really don't have much detail at the moment yet on exactly
01:30what these include. We just have what the White House is saying, which is that it's all going ahead
01:36successfully. And so, you know, that's not enough to calm the markets right now. We're already seeing
01:41the impact on the economy here in the US. I mean, one positive headline in the last day, Sarah, has been
01:48the rare minerals deal, which has finally been signed with Ukraine. Yes, this is Washington
01:55quite literally turning its investment in Ukraine material. They've signed this landmark deal
02:01for joint access to some of Ukraine's rare minerals. So things like graphite, titanium and lithium,
02:09amongst many other things. Look, Ellie, this is resource diplomacy, right? The US are trying to counter
02:15China's dominance in this area when it comes to rare earth minerals. And Ukraine for its part
02:22is seeing this as potential security with the US having business interests in Ukraine whilst Russia
02:30is attacking, but also hoping that it will secure longer term US military assistance. You had the US
02:38Treasury Secretary calling it a commitment to lasting peace and prosperity. But of course, you know,
02:45behind the scenes, Ellie, you will know, this was supposed to be done back in February. I can't
02:51let this moment pass to shout out to your very eloquent reporting from Vatican City for Pope Francis's
02:58funeral. I mean, a lot of people here in the US were watching that coverage, watched GB news,
03:02including the administration. So you will know that it was that moment where you had Zelensky and
03:08Trump face to face that was really the breakthrough that was needed. And if you look at the statement,
03:14if you look at the language being used now by the Trump administration, they are saying things like
03:20using Biden era language, essentially condemning Russia's full scale invasion. This is hinting at a more
03:29pro Ukraine stance. So an interesting moment. This now has been inked in Washington,
03:35it goes back to Kiev to be ratified by Ukrainian lawmakers there.