Secretary of State Marco Rubio and White House envoy Steve Witkoff will not attend high-level meetings in London aimed at bringing a pause to the war in Ukraine.

"This statement is very harmful to the Peace Negotiations with Russia," Trump said in a social media post. He said Crimea was lost years ago "and is not even a point of discussion." Zelenskiy on Tuesday reiterated that Ukraine will not recognize Russia's occupation of the Crimea.

By Doina Chiacu, Elizabeth Piper and John Irish WASHINGTON/LONDON/PARIS (Reuters) -U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy clashed again on Wednesday on efforts to end the three-year-old war in Ukraine,

President Trump vowed his administration will reach a "fair deal" with China on trade as he floats substantially reducing tariffs on Beijing.

The White House would look at lowering tariffs on imported Chinese goods pending talks with Beijing, a source familiar with the matter said on Wednesday, adding that any action would be in conjunction with negotiations and not made unilaterally.

Chief executives of Walmart, Target and Home Depot reportedly warned Trump that supply chain disruptions were already underway and would lead to empty shelves at U.S. stores in a matter of weeks.

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, senior editor Joe Sobczyk looks at the president’s shift in tone on China and the Federal Reserve.

Stocks opened higher in early trading Wednesday. The surge comes after Donald Trump backed off threats to fire the chairman of the Federal Reserve and showed a willingness to lower tariffs on China. Stocks continued to rally early Wednesday after Donald Trump backed off of threats to remove the chairman of the Federal Reserve and signals that tariffs on Chinese imports could be lowered in the weeks to come.