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U.S.-Ukraine Minerals Agreement and GDP Drop Amid Tariff Concerns: Morning Briefing


The U.S. has entered into a significant minerals deal with Ukraine, marking a crucial economic partnership following weeks of negotiations. Treasury Secretary Scott Bessent and Ukrainian Deputy Minister Yulia Svyrydenko signed the agreement on April 30, 2025, allowing the U.S. access to Ukraine’s essential minerals and resources. This joint initiative, named the United States-Ukraine Reconstruction Investment Fund, aims to facilitate investment in Ukraine’s recovery efforts, with both parties maintaining equal voting rights over the fund. Trump emphasized that this deal is an opportunity for the U.S. to recoup some of the $66.5 billion in military aid it has provided to Ukraine amid the ongoing conflict with Russia.

In domestic news, the U.S. economy contracted by 0.3% in the first quarter of the year, marking its first negative growth since 2022. This downturn is attributed to increased imports, while consumer spending demonstrated its weakest growth since mid-2023. President Trump quickly blamed the contraction on Joe Biden, arguing it reflects poor leadership since his administration took over. He remains optimistic about his tariff policies stimulating domestic production, even as signs suggest the economy is facing instability.

Additionally, a lighthearted debate about a hypothetical scenario involving 100 men versus a gorilla has gone viral on social media, capturing the interest of many. As this discourse evolves, it provides a timely and humorous diversion amidst the more serious political and economic narratives shaping current events.

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