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Trump’s week of whiplash rattles markets, allies and his own administration

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Washington
CNN
 — 

Unpredictability has long been one of President Donald Trump’s strongest assets. The uncertainty that follows is one of his most confounding.

From the financial markets to foreign capitals, a fresh sense of Trump-inspired whiplash reverberated across the globe this week, raising questions about whether his decisions on trade, Ukraine aid or the federal workforce are rooted in strategy or impulse.

“Look, our country’s been ripped off by everybody,” Trump said Friday. “That stops now.”

The seventh week of his presidency was scripted to be something of a triumphant one, with a prime-time address to a joint session of Congress intended to rally Republicans around his agenda. But the week was instead dominated by what Trump did, not simply what he said, particularly in reversing course on tariffs.

A day after imposing them on Canada and Mexico, he pulled back, acquiescing to the nation’s top automakers by granting a one-month reprieve.

A day later, his decision to backtrack again by delaying even more Mexico-Canada tariffs sent the financial markets into a downward state of confusion.

“I’m not even looking at the market,” Trump said Thursday in the Oval Office, an assertion that drew eye rolls from his advisers and admirers alike.

Whether or not Trump was looking at the stock market, the market was looking at him – wiping out most of the gains made since the November election.

For all the planning that Trump and his advisers engaged in during their four years out of power – preparing a raft of executive orders, writing detailed plans to dramatically reshape the federal workforce and more – the first week of March also presented a fresh reminder that all presidents rise or fall on how they respond to challenges outside of their immediate control.

For Trump, that appears most evident when it comes to the economy and the war in Ukraine, where his efforts to bring an end to the war begun with Russia’s invasion have come with the US softening support for Kyiv and warming up to Moscow.

If the on-again, off-again action on tariffs sent stocks tumbling and executives scrambling, it did not appear to bother Trump.

Indeed, by Friday, the president had veered yet again, threatening a new 250% tariff on Canadian dairy that had gone unmentioned by himself or anyone else in their hours of interviews and press conferences on tariffs over the previous week.

The dairy issue is one the president raised directly with Canadian Prime Minister Justin Trudeau in a telephone call this week that, in his words on Truth Social, ended “in a ‘somewhat’ friendly manner.”

Canada's Prime Minister Justin Trudeau speaks during a news conference about the US tariffs against Canada on March 4, 2025 on Parliament Hill in Ottawa, as Foreign Minister Melanie Joly (L) and Minister of Finance and Intergovernmental Affairs Dominic LeBlanc look on.

As it turns out, the quotation marks around “somewhat” were doing a lot of work. The call, at moments, became highly contentious, officials told CNN, as the leaders exchanged profanity and raised voices to make their points.

There may have been some pent-up anger involved. Trudeau had been trying to get ahold of Trump for days before new 25% tariffs were set to go into effect, but his calls were not being returned.

By the time Trudeau emerged to directly inform “Donald” that his tariffs were a “very dumb thing to do,” it was clear the relationship between the men was toxic and generally irreparable.

White House officials took umbrage at the casual reference to the president by one of his counterparts and already began looking to a time in the near future when Trudeau will no longer be prime minister.

Trump’s call with Trudeau did not immediately result in a reprieve on tariffs, but by the following day he had relented, signing an extension until April on the new duties.

Fresh tensions emerged this week at the White House over Elon Musk and his work at the Department of Government Efficiency as agencies scramble to finalize their reorganization plans before March 13, the next phase of its effort to layoff federal employees and shrink government.

Several members of the Cabinet have complained about a lack of autonomy inside their agencies as they grapple with Musk’s efforts to reshape the bureaucracy. Republicans on Capitol Hill, responding to outrage from their constituents, also voiced concern about deep cuts in their communities and the chaotic fallout.

Secretary of State Marco Rubio has been among the Cabinet members who have bristled at some of the actions taken by DOGE, officials told CNN, in concerns he has shared with his former colleagues in the Senate.

The State Department was among the agencies that instructed its workforce to disregard Musk’s demand for employees to justify their jobs by replying to a government-wide email detailing five things they accomplished during the week.

In a closed-door meeting this week, where Trump instructed his Cabinet to “keep all the people you want, everybody that you need,” Rubio and other Cabinet members tangled with Musk over competing visions to cut government, officials told CNN. On Friday, Trump downplayed any disagreements, which were first reported by The New York Times.

“No clash, I was there, you’re just a troublemaker,” Trump said, referring to a reporter in the Oval Office who asked about the meeting. “Elon gets along great with Marco, and they’re both doing a fantastic job. There is no clash.”

Tesla and SpaceX CEO Elon Musk, head of the Department of Government Efficiency (DOGE), delivers remarks during a Cabinet meeting held by President Donald Trump at the White House on February 26, 2025, in Washington, DC.

Trump has made clear that he endorses the broader vision embraced by Musk, who was among the small clutch of advisers who boarded Air Force One on Friday evening to join the president at his Mar-a-Lago resort in Florida.

The raging conflict in Ukraine has frustrated the president after his self-imposed deadline of ending it within a day of taking office came and went.

He has mostly vented his resentment at Ukraine, including during last week’s fracas in the Oval Office that resulted in President Volodymyr Zelensky being asked to leave the West Wing.

After the dust-up with Zelensky last week, some Trump officials privately doubted there was any way to repair the leaders’ relationship. Many of Trump’s top supporters publicly suggested Zelensky should step down. And on Monday, the White House said it was pausing military assistance to Kyiv, with it later emerging that intelligence sharing had been partially paused too.

But behind the scenes, American officials had been back-channeling with Zelensky and his team, stressing the importance of stabilizing relations with the White House sooner rather than later, urging the Ukrainians to get talks back on track before the president’s speech to Congress.

President Donald Trump and Ukrainian President Volodymyr Zelensky meet in the Oval Office at the White House on February 28, 2025 in Washington, DC.

Among those who reached out to Zelensky was Trump’s Ukraine envoy, Keith Kellogg, a source familiar with the discussion said. The warning was quickly followed by a conciliatory post from Zelensky on X Tuesday morning in which he called the Oval Office meeting “regrettable.”

The efforts seemed to work.

By Tuesday evening, Trump sounded open to reconciliation. He happily read aloud that morning’s message from Zelensky during an address to Congress. By Thursday, talks had been arranged between American and Ukrainian officials for next week in Saudi Arabia.

“He felt that Zelensky’s letter was a very positive first step,” Trump’s Middle East envoy Steve Witkoff said Thursday. “There was an apology, there was an acknowledgement that the United States has done so much for the country of Ukraine, and a sense of gratitude.”

On Friday, Trump also flashed anger at Russia, however briefly, writing on Truth Social that he was ready to impose new sanctions if Moscow continued “pounding” Ukraine.

But the moment seemed fleeting. Hours later in the Oval Office, he asserted Russian President Vladimir Putin held “all the cards” in the conflict, and said it was understandable why he was hitting Ukraine so hard.

That was more in line with Trump’s typical rhetoric, at least over the past month, which has heavily favored Moscow and sometimes even mirrored the Kremlin’s talking points, all while disparaging Ukraine and its leader.



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Europe

Putin declares brief ‘Easter truce’ in war, but Ukraine says it is still under attack

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CNN
 — 

Russian President Vladimir Putin declared a brief Easter ceasefire in his war with Ukraine, a declaration met with skepticism in Kyiv as the war enters a crucial phase and US-led negotiations stall.

Putin said “all hostilities” would halt between 6 p.m. Moscow time on Saturday (11 a.m. ET) and midnight on Monday (5 p.m. Sunday ET).

“We assume that the Ukrainian side will follow our example,” he said, adding that the truce would help Russia determine how sincere Kyiv is about wanting to reach a ceasefire.

However, just hours after the announcement, Ukrainian officials accused Russian forces of continuing to fight. “According to the report of the commander-in-chief, Russian assault operations continue in some parts of the frontline and Russian artillery continues to fire,” Ukrainian President Volodymyr Zelensky said in an address on Saturday night.

Kyiv has responded to the truce declaration with skepticism, with Zelensky pointing out that Putin still has not agreed to a US-led proposal for 30 days of ceasefire.

“If Russia is now suddenly ready to actually join the format of complete and unconditional silence, Ukraine will act in a mirror image, as it will on the Russian side. Silence in response to silence, strikes in defense of strikes,” Zelensky said, calling for the Easter truce to be extended to 30 days.

“This will show Russia’s true intentions, because 30 hours is enough for headlines, but not for real confidence-building measures. Thirty days can give peace a chance,” he said.

The timing of the announcement also sparked some questions – coming one day after the Trump administration indicated it was running out of patience with Russia and Ukraine, and just hours after Russia’s Defense Ministry announced its forces had pushed Ukrainian troops from one of their last remaining footholds in Russia’s Kursk region, where the Ukrainians staged a surprise incursion last year.

“Unfortunately, we have had a long history of (Putin’s) statements not matching his actions… Russia can agree at any time to the proposal for a full and unconditional 30-day ceasefire, which has been on the table since March,” Ukraine’s Foreign Minister Andrii Sybiha said on X.

The head of Kherson’s regional military administration, Oleksandr Prokudin, said on Saturday evening local time that a high-rise building in the Dniprovskyi district of Kherson had caught fire after being struck by drones. Russian drones also attacked the villages of Urozhayne and Stanislav, he said.

“Unfortunately, we do not observe any ceasefire. The shelling continues and civilians are under attack again,” Prokudin said. “This is another confirmation that Russia has nothing sacred.”

CNN has reached out to the Russian Ministry of Foreign Affairs for comment.

Air raid sirens sounded in Kyiv and several other regions soon after Putin’s announcement, with the city’s military administration warning of a Russian drone attack. Officials urged people not to leave shelters until the alert was over.

Andrii Kovalenko, who heads the Ukrainian Center for Countering Disinformation, a government body, said on Telegram at 7 p.m. local time that “the Russians continue to fire in all directions.” Moscow and Kyiv are currently on the same time.

Ukrainian troops at three separate locations along the front lines told CNN that as of 8 p.m. Saturday, there was no sign of fighting easing.

There have been no pauses in the conflict since Russia’s launched its unprovoked full-scale invasion in February 2022.

The sudden nature of Putin’s announcement and the short duration of the proposed truce gave Kyiv little room to prepare or maneuver. Many Ukrainian troops participating in ongoing assaults or reconnaissance missions would have been in position already, as any moves are typically made during the night due to the threat from Russian troops.

Ukraine has previously been skeptical about such temporary pauses in conflict, having rejected a temporary ceasefire in January 2023 believing that Russia had ulterior motives in calling for a stop to the fighting, such as using the pause to bring in more troops.

The 2023 truce was similarly announced by Putin to coincide with a holiday – this time with Orthodox Easter, back then with Orthodox Christmas.

Putin’s announcement comes at a pivotal time for the war.

As well as in Kursk, fighting continues along the eastern front line, which has barely moved in the past three years as neither side has been able to make significant gains.

While Ukraine has recently managed to push Russian troops back from areas around Toretsk, Russia has been inching forward near Kupyansk, Lyman and Kurakhove, according to the Institute for the Study of War, a US-based conflict monitor.

Separately, the two sides conducted one of the largest prisoner exchanges of the conflict on Saturday.

According to Zelensky, 277 captured Ukrainian soldiers were returned home. The Russian Defense Ministry said it had swapped 246 captured Ukrainian soldiers for the same number of Russian troops, and that as a “gesture of good will” Russia also exchanged 31 wounded Ukrainian troops for 15 wounded Russian servicemen.

As with previous exchanges, the swap was mediated by the United Arab Emirates.

At the same time, US-led peace efforts are stuttering as Moscow continues to stall, having previously rejected the US proposal for a 30-day ceasefire.

On Friday, US Secretary of State Marco Rubio warned that the US was ready to “move on” within days from efforts to bring peace to Ukraine, if there were no tangible signs of progress.

This is a developing story and will be updated.



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Russia Ukraine truce: The real strategy behind Russia’s sudden truce announcement

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CNN
 — 

The timing, the brevity, the sudden, unilateral nature of it all. If Ukraine’s allies needed proof of Moscow’s wild cynicism when it comes to peace, the announcement of an immediate truce for Easter provided just that.

It came mere hours after US Secretary of State Marco Rubio, and his boss president Donald Trump said they would need in the coming days an urgent sign that the Kremlin was serious about peace.

For Russia’s proponents, Russian President Vladimir Putin’s announcement on Saturday looked like a nod to Trump – but the sudden declaration is so riddled with practical flaws, before it even gets out of the box, that it is likely to be simply used by Putin to support his false notion Kyiv does not want his war to stop.

It will be a logistical nightmare for Ukraine‘s forces to suddenly, immediately stop fighting at Putin’s behest. Some front line positions may be in the middle of fierce clashes when this order comes through, and a cessation of this nature likely requires days of preparation and readiness.

Misinformation is bound to confuse troops about the truce’s implementation, how to report or respond to violations, and even what to do when it comes to an end.

It is possible this moment will prove a rare sign that both sides can stop violence for short period. But it is significantly more likely they will both use violations and confusion to show their opponent cannot be trusted. As of Saturday evening local time, Ukrainian officials said Russian strikes had continued in frontline areas.

The ongoing 30-day truce limited to energy infrastructure was born in conditions of complete chaos. The White House announced that “energy and infrastructure” were covered, the Kremlin said they’d immediately stopped attacks on “energy infrastructure”, and Ukraine said the truce started a week later than the Kremlin did. Its execution has been equally mired in mistrust and accusations of breaches.

Moscow made a similar unilateral declaration in January 2023, calling for a day of peace to allow Orthodox Christians to observe Christmas – a move that Kyiv and Western leaders dismissed at the time as a strategic pause for military purposes.

A genuine truce requires negotiation with your opponent, and preparations for it to take hold. The sudden rush of this seems designed entirely to placate the White House demands for some sign that Russia is willing to stop fighting. It will likely feed Trump’s at times pro-Moscow framing of the conflict. It may also cause complexities for Ukraine when they are inevitably accused of violating what Washington may consider to be a goodwill gesture by Moscow.

Ultimately, this brief, likely theoretical, probably rhetorical and entirely unilateral stop to a three-year war, is likely to do more damage to the role of diplomacy in the coming months than it does to support it.



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Live updates: Trump news on Iran and Ukraine talks, immigration crackdown, tariffs

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Middle East envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi.

Delegations from the United States and Iran are holding their second round of high-stakes nuclear talks today.

Officials from both countries met in Oman last weekend for talks mediated by the Gulf Arab nation. This round is being held in Rome, with Oman once again serving as mediator between the US team — led by special envoy Steve Witkoff — and the Iranian one, headed by Foreign Minister Abbas Araghchi.

How we got here: A nuclear deal was reached in 2015 between Iran and world powers, including the US. Under the deal, Iran had agreed to limit its nuclear program in exchange for the lifting of sanctions.

Trump abandoned that deal in 2018, during his first presidential term. Iran retaliated by resuming its nuclear activities and has so far advanced its program of uranium enrichment up to 60% purity, closer to the roughly 90% level that is weapons grade.

Back in the White House, Trump has given Tehran a two-month deadline to reach a new agreement.

What the US is saying: Trump has vowed a “stronger” deal than the original struck in 2015, and has threatened to bomb Iran if it does not come to an agreement with the US.

Since reporting that last weekend’s initial talks were “constructive,” Trump administration officials oscilated this week between a conciliatory approach and more hawkish demands to fully dismantle Tehran’s nuclear capabilities.

What Iran is saying: Iran this week doubled down on its right to enrich uranium and accused the Trump administration of sending mixed signals.

Iranian media has reported that Tehran had set strict terms ahead of the talks with the US, saying that “red lines” include “threatening language” by the Trump administration and “excessive demands regarding Iran’s nuclear program.”



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