“He is performing exceptionally well,” Trump mentioned. “Narendra: I appreciate your assistance in resolving the conflict between Russia and Ukraine!”
In another development, Trump's trip to the UK has commenced, bringing with it numerous agreements and statements. According to a Bloomberg report, the UK has decided to postpone discussions with the US regarding the elimination of tariffs on British steel, meaning that the existing duties will remain unchanged.
On Wednesday, British pharmaceutical company GSK (GSK) announced its intention to invest $30 billion in research and development within the US. GSK has become the foremost pharmaceutical entity looking to expand its presence in the US as Trump considers imposing tariffs on imports in the sector while pushing for increased local production.
At the same time, Treasury Secretary Scott Bessent, who is heading the US delegation in current negotiations with Chinese trade representatives in Spain, expressed in an interview on Tuesday his belief that a trade agreement with China is imminent.
With mutual tariffs scheduled to be implemented in November, Bessent indicated to journalists that he anticipates additional discussions will take place before that date.
Bessent also confirmed that he expects an announcement regarding the finalized TikTok deal to occur following a conversation between President Trump and Xi Jinping on Friday.
TikTok is poised to cease operations on September 17 unless its parent company ByteDance sells a majority stake in the social media platform or if Trump decides to prolong the deadline once more.
On Monday, China accused the US of engaging in "unilateral bullying" after the US urged G7 and NATO partners to impose tariffs on China due to its purchase of Russian oil.
Simultaneously, the Supreme Court is examining a significant legal challenge regarding President Trump's tariffs, with a resolution potentially coming as early as this fall.
The Supreme Court has set the case for oral arguments in early November, which is an unusually rapid progression toward a decision.
The tariffs in question are the extensive "reciprocal," country-specific duties that Trump has specified in various measures this year (as illustrated in the graphic below). These tariffs vary between 10% and 50%. Trump has cited a 1977 statute known as "IEEPA" — the International Emergency Economic Powers Act — to substantiate these tariffs.
The appeals court has permitted the tariffs to remain in effect while the case is examined through the judicial system.