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Wall Street Steadies as Trump Softens China Rhetoric, Banks Rebound

U.S. stocks swung between losses and gains on Friday before finding some footing, as President Donald Trump dialed back threats of steep new tariffs on Chinese imports. His remarks helped ease investor concerns over an escalating trade conflict that had rattled markets earlier in the week. The Dow Jones Industrial Average edged higher, while the S&P 500 hovered near the flatline. The Nasdaq Composite pared earlier declines, supported by a rebound in technology shares. Futures trading showed modest gains for the Dow and S&P 500, while Nasdaq contracts remained slightly negative. Regional bank stocks, which had been under pressure amid worries about loan quality and credit risks, also staged a recovery. Analysts noted that while investor sentiment remains fragile, Trump’s comments signaled a willingness to avoid measures that could further destabilize the global economy. Market watchers say volatility is likely to persist as Wall Street weighs trade policy uncertainty agai...
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Hungary Prepares to Host Controversial Trump–Putin Summit in Budapest

The choice of Budapest has raised attention. Putin faces an arrest warrant from the International Criminal Court, which Hungary is in the process of leaving.

Hungary has confirmed it will guarantee Russian President Vladimir Putin’s entry into the country for an upcoming summit with U.S. President Donald Trump in Budapest. Foreign Minister Péter Szijjártó stated that Hungary would ensure Putin’s safe arrival, participation in talks, and return home, despite the International Criminal Court’s arrest warrant against the Russian leader.

The meeting, expected within the next two weeks, will focus on the war in Ukraine. Prime Minister Viktor Orbán, who has maintained close ties with both Trump and Putin, described preparations as moving “full steam ahead.” He has positioned Hungary as a neutral ground, calling it an “island of peace” amid Europe’s divisions.

The choice of Budapest has drawn sharp attention. Hungary is in the process of withdrawing from the ICC, which critics say allows Orbán to sidestep obligations to detain Putin. Analysts suggest the summit could bolster Orbán’s international profile while straining Hungary’s already tense relationship with the European Union.

If held, the Budapest summit would mark the second Trump–Putin meeting this year, following their August talks in Alaska.


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