Trump still angling to broker Russian ceasefire and cuts deals with chipmakers

Joshua Gibson FXStreet

United States (US) President Donald Trump hit the wires on Monday, announcing his intention to continue trying to broker a ceasefire between Russia and Ukraine in the coming days. This follows on the heels of Trump's previous threats against Russian President Vladimir Putin to accept a ceasefire immediately or face new economic sanctions from the US, up to and including further restrictions on Russian Crude Oil sales and steep tariffs on any country that trades in Russian oil products.

Donald Trump also revealed that he has personally brokered trade arrangements with the three largest chipmakers in the US, asking for 15% of their foreign revenue in exchange for permission to export some of their previously-restricted chipsets to the Chinese market.

Earlier on Monday, Donald Trump also announced that he would be solving the homelessness and crime epidemic in Washington, DC. Trump's solution to solving the housing and crime crisis within the US capital zone includes mobilizing the National Guard and federalizing the Washington, DC, police force. President Trump declared he would be invoking Section 740 of the District of Columbia Home Rule Act, but failed to go into specifics on how his actions would solve the issues at hand.

Key highlights

On Russia:

I'm going to tell Putin to end the war.
Think will have constructive conversation.
Will speak with Zelenskiy.
Next meeting will be with Zelenskiy, or Putin and Zelenskiy.
There will be some swapping, changes in land.
Going to try to get some territory back for Ukraine.
Will see the parameters, may leave and say good luck.
Will also call European leaders after meeting.
I'd like to see a ceasefire.
Zelenskiy could go to meeting.
Can see increased trade with Russia following Ukraine deal.
Think it will be good but it might be bad.

On chip exports:

Involves an old chip that China already has.
China already has H20 chipset in a different form.
Would not make a deal with Nvidia's new advanced chips.
Won't make deal for sale of Nvidia's Blackwell GPU.
Think there will be another meeting about Blackwell GPU.
Trump sought payments from chipmakers on some sales.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD faces the next support around 1.1600

EUR/USD comes under pressure and retreats for the fourth day in a row on Tuesday, coming closer to the key 1.1600 neighbourhood amid a decent rebound in the US Dollar ahead of the largely expected 25 basis point rate cut by the Federal Reserve on Wednesday.

GBP/USD extends mean reversion as investors brace for Fed

GBP/USD eased back toward the midrange on Tuesday, shedding around one-fifth of one percent after facing an intraday technical rejection from the 1.3350 level. Price action has slumped back into the 1.3300 handle and is holding just north of the long-term 200-day Exponential Moving Average near 1.3250 as markets hunker down for the last Federal Reserve (Fed) interest rate decision of 2025.

Gold defends $4,200 in Asia as traders gear up for the Fed

Gold price bounces off $4,200 in the Asian session on Wednesday. The precious metal finds fresh demand as traders seek safety ahead of the Fed verdict, with a 25 bps rate cut fully priced in. However, a hawkish stance on future monetary policy outlook cannot be ruled out.