Trump escalates trade war and addresses Ukraine conflict
This week, President Trump announced a 25% tariff on all steel and aluminum imports but reversed plans to double tariffs on Canadian products after diplomatic talks. Concerns about the economy grew as the S&P 500 index fell nearly 3%. In Ukraine, the U.S. proposed a 30-day ceasefire and resumed military aid after talks with Ukrainian officials. Meanwhile, a U.S. envoy met with Russian leaders to discuss terms, but progress remains uncertain. The administration also cut $20 billion in climate grants and announced layoffs at the Department of Education. A legal battle began over the attempted deportation of a green card holder involved in protests, while Trump withdrew a candidate for the CDC director position.