Since taking office on January 20, 2025, President Donald Trump's stance on the conflict in Ukraine has changed. Trump first claimed he could put a stop to the war quickly, even claiming during his campaign that he could do so within 24 hours of assuming office. This quick resolution hasn't happened, though.

President Trump has announced a major policy shift, unveiling plans to impose 25% tariffs on all steel and aluminum imports into the U.S. This series of trade measures would significantly affect global markets, particularly targeting steel and aluminum imports. He revealed plans to impose a 25% tariff on all steel and aluminum entering the U.S., with the most significant impact on its largest trading partners, including Canada and Mexico. Trump also signaled future actions involving reciprocal tariffs, meaning countries that impose tariffs on U.S. products could face U.S.