Talks between President Trump, Vice President Vance, and Ukrainian President Zelensky today ended in disarray, with Zelensky walking out and a joint press conference canceled. The meeting was reportedly acrimonious, with Trump accusing Ukraine of ingratitude for US aid. Trump also stated his desire for a deal, warning Zelensky he could leave if an agreement was not reached.
In a subsequent statement, Trump asserted that Zelensky was "not ready for peace" and that US support was giving him an advantage. He hinted at a possible reduction in US involvement, while also indicating that Zelensky could return to negotiations if he was "ready for peace." Zelensky was likely seeking a raw materials agreement while also expecting US military support, rather than a path towards a disadvantageous peace with Russia.
The breakdown in talks has triggered sharp declines in EURUSD and US stock indices.
Source: xStation5
US100 is seeing the biggest decline since September 2024. Source: xStation5
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