US President Donald Trump cancels signing ceremony with Ukraine
A meeting between United States (US) President Donald Trump and Ukrainian leader Volodymyr Zelenskyy devolved into an argument on Friday. According to President Zelenskyy, the terms of the deal are either too ambiguous or missing key components but it is otherwise a good first step.
President Donald Trump, who was operating on the understanding that the deal was finished and President Zelenskyy was visiting simply to finalize the deal, was beyond irate during the public meeting, accusing the Ukranian President of being "disrespectful".
Ukrainian President Volodymyr Zelenskyy opted to reject US President Donald Trump's "rare earths deal" with Ukraine, sparking an irate tirade from President Trump and Vice President JD Vance in the White House on Friday.
Although President Zelenskyy acknowledged that the defense pact in exchange for ambiguous terms surrounding rare minerals access within Ukraine, the deal on the table was ultimately poorly-worded and didn't clearly identify how the US was going to secure Ukraine's borders and achieve an end to Russia's invasion.
President Trump responded with an outburst, canceling his planned signing ceremony with President Zelenskyy, with a White House official declaring that President Trump "felt disrespected by Zelenskyy's rhetoric and demeanor", but was quick to add that the Ukrainian entourage is still welcome to reschedule a signing while they're in the country.
With a better, well-structured defense offer already on the table from the European Union in exchange for industrial access to Ukrainian rare earths sources, Ukraine is unlikely to capitulate to US demands.
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.
