Trump has repeatedly pressed Federal Reserve chair Jay Powell to lower interest rates in an attack on the central bank’s independence. Meanwhile, Congress has passed the president’s flagship budget bill, which is forecast by independent analysts to add trillions of dollars in public debt in coming years.

European Union negotiators are closing in on a trade deal with U.S. President Donald Trump that would cement higher tariffs than those granted to the UK, the Financial Times reported on Wednesday.

U.S. President Donald Trump's latest tariff delay provided some hope to major trade partners Japan, South Korea and the European Union that deals to ease duties could still be reached, while bewildering some smaller exporters such as South Africa and leaving companies with no clarity on the path forward.

Donald Trump has said he plans to make a “major statement” on Russia next week, as he signalled the US would sell more weapons to allies to send to Ukraine, including Patriot missile systems.