Trump, drones and Ukraine
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The US Commerce Department launched investigations into imports of drones, parts for unmanned aerial vehicles and for polysilicon, a key material for solar power, setting the stage for possible tariffs on those goods.
Oil prices rose $1 on Thursday after drones struck Iraqi Kurdistan oil fields for a fourth day, pointing to continued risk in the volatile region.
US President Donald Trump has responded to remarks of a senior Iranian figure suggesting a drone strike on him could be possible. The comments have drawn renewed attention to ongoing tensions between Washington and Tehran.
Key House lawmakers are pressing the Trump administration to accelerate a congressionally mandated review of Chinese-made drones ahead of a potential US ban of the technologies later this year. Three House Republicans influential on national security matters requested Director of National Intelligence Tulsi Gabbard complete the review within 30 days.
President Donald Trump said Wednesday that he was “highly unlikely” to fire Federal Reserve Chair Jerome Powell.
Ukraine’s capacity to strike Russia’s major cities has come under the spotlight since President Trump asked if Kyiv could do so.
The latest bombardment came ahead of a Sept. 2 deadline set by President Donald Trump for the Kremlin to reach a peace deal.