President Trump said 145% tariffs on Chinese imports will "come down substantially" as his administration expressed optimism about a trade deal.

Mr Trump’s decision to consider backing down in his trade war comes as the harm it has caused America’s economy becomes clearer. Trade shipments between China and the US are collapsing and a critical survey of American businesses shows growth in activity slumped to a 16-month low.

Ukrainian President Volodymyr Zelensky reiterated that he cannot go against his country's constitution on Crimea, after U.S. President Donald Trump accused him of damaging the peace process with Russia over the issue.