US President Trump said he does not want to negotiate now, saying "we are not negotiating."

Federal Reserve Chair Kevin Warsh said he is committed to the Fed's dual mandate.

The European Commission on Tuesday approved €659 million (about $751 million) in German state aid to support construction of four semiconductor facilities, saying the projects will bolster EU competitiveness and strategic autonomy in chips. Executive Vice-President Teresa Ribera said the approval of German support for four new projects along the semiconductor value chain shows Europe is turning the EU Chips Act's ambition into concrete action.