President Donald Trump said Monday he would punish Russia with 鈥渂iting鈥 tariffs if there isn鈥檛 a deal to end the war in Ukraine within 50 days. He made the announcement during an Oval Office meeting with NATO Secretary-General Mark Rutte. Trump also said NATO members will purchase 鈥渂illions and billions鈥 of dollars in U.S. weaponry including Patriot missiles and transfer the munitions to Ukraine under a new deal to support Kyiv in defending itself against Russia. And he said this should serve notice to Russian President Vladimir Putin that he is serious about ending the war.
Here鈥檚 the latest:
UN chief urges immediate ceasefire in Ukraine that paves the way for a political solution
Secretary-General Antonio Guterres was responding to a question asking his reaction to President Trump saying if there is no deal to end the war in Ukraine in 50 days he will impose biting sanctions on Russia.
He said 鈥渨e absolutely need鈥 an immediate ceasefire and a political solution must be based on the U.N. Charter, which guarantees the sovereignty and territorial integrity of all 193 U.N. member nations, as well as on international law and resolutions by the General Assembly and others.
鈥淲hatever can contribute to these objectives will, of course, be important, if it is done in line with international law,鈥 Guterres said.
More than 20 states sue Trump administration over frozen after-school and summer program funding
More than 20 states have sued President Donald Trump鈥檚 administration over billions of dollars in frozen funding for after-school and summer programs and other programs.
Aiden Cazares is one of 1.4 million children and teenagers around the country who have been attending at a Boys & Girls Club, the YMCA or a public school for free thanks to federal taxpayers. Congress set aside money for the programs to provide academic support, enrichment and child care to mostly low-income families, but President Donald Trump鈥檚 administration recently froze the funding.
The money for the 21st Century Community Learning Centers is among more than $6 billion in federal education grants Trump鈥檚 Republican administration has withheld, saying it wants to ensure recipients鈥 programs .
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Trump said he鈥檚 ended the 鈥榬adical left war on faith鈥
He also touted a recent decision allowing religious leaders to endorse candidates without their organizations losing tax exempt status.
Addressing religious leaders at a White House event, Trump said 鈥測ou have more power than anybody, but you鈥檙e not allowed to use your power.鈥
Russian commentators brush off Trump鈥檚 tariff threats
Russian commentators began to react to Trump鈥檚 announcement with NATO鈥檚 Mark Rutte late Monday Moscow time. There has not yet been an official statement from the Kremlin.
鈥淭rump鈥檚 dream is for war to be a business 鈥 to sell weapons to the EU,鈥 Pro-Kremlin military blogger Yuri Kotenok wrote in a post on Telegram.
Others made light of Trump鈥檚 threat of tariffs.
鈥淥h, how much can change both on the battlefield and with the mood of those leading the U.S. and NATO in 50 days,鈥 said senior lawmaker Konstantin Kosachev.
Trump talks money at faith lunch
Trump鈥檚 remarks quickly turned from religion to the economy. He called Federal Reserve Chair Jerome Powell 鈥渁 knucklehead, stupid guy鈥 who is costing the country hundreds of billions of dollars.
He continued by touting the billions taken in by U.S. tariffs so far.
鈥淚鈥檝e always made money,鈥 he said. 鈥淣ow I鈥檓 making it for you people.鈥
Trump says political opponents 鈥榳anted to take God and religion out of your lives鈥
The president began his remarks at an event hosted by the White House Faith Office by expressing his support for religion in public life.
鈥淎 nation that prays is a nation that prospers,鈥 he said.
Trump says economy doing fine despite Fed holding off on rate cuts
President Donald Trump appears to be blaming Federal Reserve Chair Jerome Powell for the high cost of housing in the U.S.
Trump on Monday repeated his attacks on Powell for not cutting the Fed鈥檚 benchmark interest rate, saying that the head of the U.S. central bank has been 鈥渢errible鈥 and 鈥渄oesn鈥檛 know what the hell he鈥檚 doing.鈥 Powell has held off on further reductions to the rate controlled by the Fed given Trump鈥檚 tariffs, saying that Fed officials want to see how the import taxes influence inflation and economic growth.
Trump said the economy was doing well despite Powell鈥檚 refusal to reduce rates to Trump鈥檚 liking, but it would be 鈥渘ice鈥 if there rate cuts 鈥渂ecause people would be able to buy housing a lot easier.鈥
The Fed鈥檚 concern is that rate cuts on the scale discussed by Trump could worsen inflation if, in fact, his tariffs result in higher prices across the U.S. economy. There is also the possibility that tariffs harm economic growth in ways that require rate cuts in order to limit job losses.
Trump says Biden 鈥榢new nothing about what he was signing鈥
Trump is repeating his assertions that his predecessor鈥檚 use of the autopen is a major scandal.
He was asked for his reaction to Biden鈥檚 comments to The New York Times that he approved a series of pardons at the end of his term, then directed the use of the autopen to make them official. Trump responded of his predecessor, 鈥溾淚 guarantee he knew nothing about what he was singing.鈥
Trump added that it was unfortunate that Biden got to use the Resolute Desk in the Oval Office just like he does.
And he noted that, while the use of the autopen is legal, it is 鈥渘ot supposed to be for signing major legislation鈥 and things like presidential pardons.
Trump likens Gaza to a real estate deal
Trump derided the Gaza Strip as 鈥渙ne of the worst real estate deals ever made鈥 and suggested that its formation involved giving up 鈥渙ceanfront property.鈥
The president has for months suggested that Israel could seize control of Gaza amid its war with Hamas there, and then cede it to the U.S.
Trump has said repeatedly that U.S. authorities could then transform the area into a Riviera-like resort.
Trump said one of his administration鈥檚 chief foreign envoys, Steve Witkoff, would be working on Gaza and that there could be something 鈥渇airly soon to talk about鈥 on that front.
German defense minister t
o meet Monday with US defense secretary on missiles
Trump and Rutte say Germany is going to supply Ukraine with a massive amount of weaponry, including Patriot missile defense systems, as part of the broader initiative by the U.S. and the alliance to shore up Ukrainian defenses.
German Defense Minister Boris Pistorius is due to meet later Monday with Pete Hegseth to discuss the Patriot transfers, which Trump and Rutte said could occur within days.
Trump urges Putin to make a deal with Ukraine
Trump repeated his frustration that Putin has resisted making a deal with Ukraine to end the war.
He said his conversations with the Russian president 鈥渁re always very pleasant,鈥 but 鈥渢hen missiles go off that night.鈥
Putin 鈥渒nows what a fair deal is,鈥 Trump said.
Trump changes his tune on Europe and defense spending
Trump seems increasingly sanguine about European nations playing a larger role in opposing Russia鈥檚 war with Ukraine and spending more to help increase military security on the continent.
Trump says he鈥檚 pleased with Europe spending more on defense 鈥 after many NATO members at a recent summit in The Hague agreed to increase spending to 5% of their GDP 鈥 and reiterated his complaints that the U.S. still spends heavily to defend Ukraine.
鈥淭he spirit they have is amazing,鈥 Trump said. 鈥淯ltimately, having a very strong Europe is a good thing,鈥 Trump said.
Trump says Russia sanctions bill could be necessary, or very useful
Trump says of a GOP-championed sanctions package against Russia, 鈥淚鈥檓 not sure we need it.鈥
The president noted shortly thereafter, however, that some top Republicans in the Senate were working hard on the matter. He added that he didn鈥檛 want them to 鈥渨aste their time.鈥
鈥淚t could be very useful, we鈥檒l have to see,鈥 Trump said.
The president also talked about how the finished legislative sanctions package could eventually punish Russia with tariffs exceeding 100%. But he said he plans to impose 100% tariffs unilaterally soon if Russia鈥檚 war in Ukraine isn鈥檛 concluded.
Trump: NATO members will buy 鈥榖illions and billions鈥 of dollars in US weaponry
Trump says the European governments will then transfer the munitions to Ukraine under a new deal to support Kyiv in defending itself against Russia.
Trump said in the Oval Office on Monday with Rutte that those transfers 鈥 combined with a threat to impose 100% tariffs on all Russian exports if a peace deal isn鈥檛 reached within 50 days 鈥 should serve as notice to Putin that he鈥檚 serious about ending the war.
Trump did not provide details but said the weapons would include Patriot missile defense batteries.
NATO Secretary-General: Weapons deal with US should cause Russia to consider peace with Ukraine
Mark Rutte said Europeans will buy weapons from the U.S. to equip Ukraine, and that the armaments and equipment should cause Russian President Vladimir Putin to 鈥渞econsider鈥 peace negotiations.
Rutte said Ukraine would get 鈥渕assive numbers of military equipment鈥 such as missiles, air defense systems and ammunition.
鈥淪peed is of the essence here,鈥 said Rutte. He said Germany, Finland, Canada, Norway, Sweden, the United Kingdom and Denmark would be among the buyers to supply Ukraine.
Trump threatens Russia with tariffs if war on Ukraine isn鈥檛 resolved
The president promised 鈥渂iting鈥 tariffs if the war doesn鈥檛 end. He described them as secondary tariffs, meaning they would target Russia鈥檚 trading partners. If implemented, it would be an attempt to isolate Moscow in the global economy.
鈥淲e鈥檙e going to be doing very severe tariffs if we don鈥檛 have a deal in 50 days,鈥 Trump said during a meeting with NATO鈥檚 secretary general.
The president suggested such levies could feature 100% tariffs. It wasn鈥檛 immediately clear what products could be targeted.
Trump: NATO members will buy 鈥榖illions and billions鈥 of dollars in US weaponry
Trump says the European governments will then transfer the munitions to Ukraine under a new deal to support Kyiv in defending itself against Russia.
Trump said in the Oval Office on Monday with Rutte that those transfers 鈥 combined with a threat to impose 100% tariffs on all Russian exports if a peace deal isn鈥檛 reached within 50 days 鈥 should serve as notice to Putin that he鈥檚 serious about ending the war.
Trump did not provide details but said the weapons would include Patriot missile defense batteries.
Senate Democrats raise concerns that the US retreat benefits China
Trump鈥檚 cuts to international programs, tariffs on allies and partners, and unfriendly moves against international students have 鈥渄eeply鈥 undermined U.S. competitiveness in its rivalry against China, warned the Democrats on the Senate Foreign Relations Committee in a report released today.
The report calls for action by Congress to rebuild tools to restore the U.S. global reputation and influence so that U.S. won鈥檛 be unseated by China as the world鈥檚 leading power.
鈥淎merica鈥檚 retreat from the world will have real and lasting consequences for the American people,鈥 it says. 鈥淎 retreat from the system that we helped build following the Second World War 鈥 based on democracy, economic interdependence and American values 鈥 means China is increasingly able to set the global agenda at the expense of U.S. interests.鈥
Bitcoin hits another all-time high as Congress begins 鈥榗rypto week鈥
Data from CoinMarketCap showed climbed above $123,000 early Monday, up from about $108,000 only a week ago. The cryptocurrency is now the fifth most valuable asset class in the world at $2.4 trillion, with a higher market cap than Amazon.
The House is under pressure from Trump and the big-spending crypto lobby to quickly pass including a bill last month by the Senate to regulate so-called stablecoins. The House is considering far more sweeping cryptocurrency market structure legislation.
Trump, once a skeptic, vowed to make the U.S. He and his family have moved into mining operations, billion-dollar bitcoin purchases, a newly minted stablecoin and a Trump-branded meme coin.
Wall Street hangs near its record, betting Trump will back down on tariffs
The S&P 500 was edging down early Monday, still within 0.5% of its all-time high set on Thursday. The Dow Jones Industrial Average and Nasdaq composite were holding steady in their first trading after Trump said he plans on goods from Mexico and the European Union starting Aug. 1, the same deadline he announced for .
The latest postponements allow time for more dealmaking to mitigate economic damage. Enacting all his import taxes on U.S. consumers would raise the risk of a recession and raise U.S. debt pressure as big tax cuts add to the deficit.
Ulrike Hoffmann-Burchardi, global head of equities at UBS Global Wealth Management, predicts the Trump administration 鈥渨ill ultimately de-escalate, especially if there is a new bout of heightened bond and stock market volatility.鈥
Trump the dealmaker: more ultimatum than compromise
As Trump slaps with rather than slog through prolonged negotiations, pressures to cut interest rates and aimed at reshaping higher education, it鈥檚 clear that threats are a permanent feature of his presidency.
He鈥檚 tightening his grip on independent institutions, with fewer checks on his power. Republicans in Congress fear primary challenges, and the Supreme Court is stocked with his appointees.
Trump鈥檚 allies believe his aggression is required in a political ecosystem where he鈥檚 under siege from Democrats, the court system and the media. Critics fear he鈥檚 eroding the country鈥檚 democratic foundations with an authoritarian style.
鈥淧luralism and a diversity of institutions operating with autonomy 鈥 companies, the judiciary, nonprofit institutions that are important elements of society 鈥 are much of what defines real democracy,鈥 said Larry Summers, a former Treasury secretary and former president of Harvard University. 鈥淭hat is threatened by heavy handed, extortionist approaches.鈥
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Trump鈥檚 envoy to Ukraine and Russia meets with Volodymyr Zelenskyy
They met in Kyiv on Monday as anticipation grew over a possible shift in the Trump administration鈥檚 policy on the .
Zelenskyy said he and had 鈥渁 productive conversation鈥 about strengthening Ukrainian air defenses, joint arms production, purchasing U.S. weapons in conjunction with European countries and the possibility of tighter sanctions on the Kremlin.
Trump has about Russian President Vladimir on U.S-led peace efforts. 鈥淚 am very disappointed with President Putin, I thought he was somebody that meant what he said,鈥 Trump said late Sunday.
鈥淲e hope for the leadership of the United States, because it is clear that Moscow will not stop unless its ... ambitions are stopped by force,鈥 Zelenskyy said on Telegram.
Summer and after-school programming for 1.4 million students at risk
These children attend at a Boys & Girls Club, YMCA or public school for free thanks to funding set Congress set aside for academic support, enrichment and child care to mostly low-income families. Many now face closure as the Trump administration withholds more than $6 billion in federal education grants to .
Ninety-one of the 100 school districts receiving the most money from four frozen grant programs are in Republican congressional districts, according to , a left-leaning think tank.
鈥淚 deeply believe in fiscal responsibility, which means evaluating the use of funds and seeking out efficiencies, but also means being responsible 鈥 releasing funds already approved by Congress and signed by President Trump,鈥 said Georgia schools superintendent Richard Woods, an elected Republican.
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How Republicans are getting around a filibuster
Spending bills almost always need some bipartisan buy-in to get 60 votes to avoid in the 100-member Senate. This week鈥檚 effort is different.
Congress set up a process under President Richard Nixon to speedily claw back previously approved spending authority with only a simple Senate majority. It鈥檚 a rarely employed maneuver. Trump in 2018, but that package stalled.
鈥淗ow Republicans answer this question on rescissions and other forthcoming issues will have grave implications for the Congress, the very role of the legislative branch, and, more importantly, our country,鈥 Senate Democratic leader Chuck Schumer warned in a letter to colleagues.
Senate Majority Leader John Thune said he鈥檚 disappointed to see Schumer 鈥渋mplicitly threaten to shut down the government.鈥
The Trump administration is likening this as a test case and says more could come if Congress goes along.
White House says public media system is politically biased and unnecessary
Trump has asked lawmakers to rescind nearly $1.1 billion from 鈥 the full amount it鈥檚 due to receive during the next two budget years.
The corporation distributes more than two-thirds of the money to more than 1,500 locally operated public television and radio stations. Much of the rest supports national programming through 好色tv Public Radio and the Public Broadcasting System.
The potential fallout has generated concerns among Republicans. Sen. Mike Rounds of South Dakota says these radio stations 鈥渁re the only way of really communicating in the very rural areas of our state, and a lot of other states as well.鈥
In , Office of Management and Budget Director Russ Vought criticized a 鈥淪esame Street鈥 town hall on CNN about combatting racism.
A Senate vote will test the popularity of DOGE spending cuts
Senate Republicans will test the popularity of spending cuts this week by aiming to pass Trump鈥檚 request to claw back $9.4 billion in public media and foreign aid spending.
Senate Democrats are trying to kill the measure, but they need help from a few Republicans.
A rarely used tool allows the president to the cancellation of previously approved funding authority, triggering a 45-day clock under which the funds are frozen. If Congress fails to act before that clock expires Friday, the spending stands.
The House has already on a mostly party line 214-212 vote. The Senate has little time to spare. Another House vote will be needed if senators amend the legislation, adding more uncertainty.
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Europe forges response to Trump鈥檚 surprise tariffs threat
European trade ministers are meeting in Brussels following Trump鈥檚 surprise announcement of
鈥淲e should prepare to be ready to use all the tools in the toolbox,鈥 said Denmark鈥檚 foreign minister, Lars L酶kke Rasmussen, told reporters ahead of the meeting. 鈥淪o we want a deal, but there鈥檚 an old saying: 鈥橧f you want peace, you have to prepare for war.鈥欌
If Trump makes good on his against dozens of countries, it could have ramifications for nearly every aspect of the global economy.
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The European Union is suspending Monday's retaliatory tariffs
鈥砊his is now the time for negotiations,鈥欌 European Commission President Ursula von der Leyen told reporters in Brussels on Sunday after Trump sent a letter announcing new 30% tariffs on all EU goods starting Aug. 1.
The America鈥檚 biggest trading partner and the world鈥檚 largest trading bloc had been scheduled to impose 鈥砪ountermeasures鈥欌 starting Monday at midnight.
鈥砏e have always been clear that we prefer a negotiated solution,鈥欌 she said. If they can鈥檛 reach a deal, she said that 鈥硍e will continue to prepare countermeasures so we are fully prepared.鈥欌
Trump to meet with NATO leader
Mark Rutte, the NATO secretary general, is visiting to meet with Trump. Their meeting is scheduled for 10 a.m. ET in the Oval Office.
Trump is expected to move forward with a plan to sell weapons to European allies who can then transfer the weapons to Ukraine.
The president has grown frustrated with Russia鈥檚 Vladimir Putin and has promised a 鈥渕ajor statement鈥 on Monday.
