President Donald Trump has announced that he is reducing the 50-day deadline he set for Russian President Vladimir Putin to agree to a deal on Ukraine to 10-12 days.
Trump made this remark during his meeting with UK Prime Minister Keir Starmer at his golf course in Turnberry, Scotland, Monday.
Earlier this month, Trump threatened to impose "very severe tariffs" on Russia's trading partners if a deal is not reached in 50 days.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.