Trump makes new Gaza comments - as raft of steep tariffs could affect UK

Russia has said it is waiting for more details after Donald Trump floated the idea of buying and owning Gaza. 

The idea has sparked condemnation from many countries, but the Kremlin said it would want to hear more about the plans before commenting. 

"It's worth waiting for some details here if we're talking about a coherent plan of action," spokesperson Dmitry Peskov said. 

"We are talking about almost 1.2 million Palestinians who live there, and this is probably the main issue." 

Speaking on a conference call, he continued: "These are the people who were promised a two-state solution to the Middle East problem by the relevant Security Council resolutions, and so on and so forth. 

"There are a lot of questions like that. We don't know the details yet, so we have to be patient."

For context, the two-state solution would see an independent Palestinian state established alongside the existing one of Israel, giving both peoples their own territory.

You can read more on that in our explainer below.

By Nicole Johnston, Asia correspondent in Beijing

On the day China's retaliatory tariffs on the United States were due to take effect, the world has been blindsided by the latest Donald Trump pronouncement – a blanket 25% tariff on steel and aluminium exports to the US.

There are no exceptions. This is an across-the-board tariff. Canada, Mexico and Brazil will be hit hard as major steel exporting countries.

In Asia the news will rattle South Korea, Vietnam, Australia and Japan, who are significant steel exporters to the US.

Australia has already said it will try to negotiate a carve-out deal, an exemption from the tariffs. It won't be the only one.

Talking directly to the US and presenting a case that these tariffs are not in America's national interest is the only way to get Trump to back down.

Until now the Trump tariffs have targeted specific countries, with 10% on China and initially 25% for Canada and Mexico.

China has retaliated with 10-15% tariffs on crude oil, liquified natural gas, coal, farm machinery and pick-up trucks.

However, it's also chosen other levers to pull, restricting access to 25 critical minerals and sanctioning several US companies.

Trump and China's President Xi Jinping are due to speak on the phone. Trump has said he's in no rush to have the call. It's not known when it will happen.

What could China offer Trump in return? He may want their help to pressure Russia to end the war in Ukraine. It's unclear whether President Xi would be prepared to do that.

While the West is bogged down and distracted by a war in Ukraine and a global trade war, China can focus on its national priorities without interference.

There is also another opportunity for China here. It wants to present itself as a stable and reliable trading partner to 'Global South' countries.

These are developing countries that have been hedging their foreign policy by having a strong relationship with both the US and China.

If Trump's predilection for protectionism and isolationism sees the US turn inward, who will be ready to step into the void?

China.

With the stroke of his pen, Donald Trump rewrote the map and changed geography - in his orbit anyway.

Then came a flurry of real news that our US correspondent Mark Stone has unpacked in this two-minute video.

The penny has dropped in the US - it's time for the US to stop making the one cent coin, Donald Trump has said.

"For far too long the United States has minted pennies which literally cost us more than 2 cents," he wrote in a post on his Truth Social site, describing it as "so wasteful".

"I have instructed my Secretary of the US Treasury to stop producing new pennies."

His administration has been focused on cutting costs, targeting entire agencies and parts of the federal workforce for dismissal.

"Let's rip the waste out of our great nation's budget, even if it's a penny at a time," he wrote.

Keeping or ditching pennies has been a debate for years in the US, and even formed part of a plot in former hit political show The West Wing. 

Donald Trump believes "progress" has been made in talks to end the war in Ukraine.

He told reporters last night he has spoken with his Russian counterpart - the first officially acknowledged conversation between Vladimir Putin and a US president in around three years - but wouldn't say when or how many times.

"Let's just say I've had it... and I expect to have many more conversations, we have to get that war ended," he said.

"I do believe we're making progress. We want to stop the Ukraine-Russia war."

Trump has promised to end the war, but hasn't ever set out in public how he would do so.

The Kremlin, however, disputed Trump's optimism.

Deputy foreign minister Mikhail Galuzin told the RIA state news agency: "It is important that words be backed up by practical steps that take into account Russia's legitimate interests, demonstrating a readiness to eradicate the root causes of the crisis and recognise the new realities." 

"Concrete proposals of this nature have not yet been received," he added.

Follow the latest Ukraine developments here...

As Donald Trump becomes the first sitting president to attend the Super Bowl, US correspondents Mark Stone and Martha Kelner dissect the impact of his continued media blitz.

Plus, as President Trump makes an unexpected announcement on steel tariffs, what will it mean for US manufacturing?

You can email James, Martha and Mark on [email protected]

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The pilot on Air Force One made an announcement as it flew over the Gulf of Mexico on its way from Florida to the Superbowl in Louisiana.

"Air Force One is currently in international waters, for the first time in history flying over the recently-renamed Gulf of America," he said, as Donald Trump listened with reporters and staff.

"Wow, he did that well, isn't that nice... you know, making America great again - that's what we care about," he said.

As he spoke, he signed a proclamation declaring 9 February "the first ever Gulf of America Day".

"So, this is a famous pen now," he added, as he finished signing.

Mexico's president asked Google last month not to use Trump's new name for the Gulf of Mexico.

Google had previously said it would change the name on Google Maps once it is officially updated in the US Geographic Names System.

According to Mexico, the US cannot legally change the Gulf's name because under the UN Convention on the Law of the Sea, a country's sovereign territory only extends up to 12 nautical miles from the coastline.

Donald Trump made history last night by becoming the first sitting US president to attend a Super Bowl - and he used the opportunity to take a swipe at pop icon Taylor Swift.

Trump entered the stadium to a mix of cheers and boos from the crowd.

He watched Super Bowl 59 from a box with his daughter Ivanka, son Eric and several politicians who accompanied him on Air Force One to New Orleans. First Lady Melania Trump did not attend.

Spat with Swift

Singer Swift endorsed Kamala Harris for president in last year's election, "because she fights for the rights and causes I believe need a warrior to champion them". 

Trump lashed out in response at the time...

Swift was there to cheer on her boyfriend Travis Kelce, who plays for the Kansas City Chiefs - the losing team last night. 

But when the singer's face appeared on the big screen, some Eagles fans started booing her.

Later Trump trolled her, writing on his Truth Social platform:

You can catch up on everything to do with the Super Bowl right here:

Reaction is now coming in to Donald Trump's overnight warning for more tariffs, with details expected later today.

He said he will introduce new 25% tariffs on all steel and aluminium imports into the US - and the European Commission has responded.

"The EU sees no justification for the imposition of tariffs on its exports," it said, adding it would not respond until it had detailed or written clarification of the measures.

"We will react to protect the interests of European businesses, workers and consumers from unjustified measures."

Jean-Noel Barrot, the French foreign minister, said his country and its European partners should not hesitate to defend their interests.

By James Sillars, business and economics reporter

Concerns about a trade war knocking the global economy have taken the heat out of oil prices for three weeks on the trot.

Brent crude's trading was up this morning though, at $75 a barrel, despite the prospect of more Trump tariffs.

He's expected to reveal 25% tariffs on all steel and aluminium imports into the US later today.

But the financial markets are generally overlooking this latest threat, perhaps a consequence of Trump's temporary truce with Canada and Mexico and the chances of further U-turns before tonight.

While Brent was 0.7% up, stock markets in Asia were largely positive as well, despite hits to some metals-focused shares.

In London, the FTSE 100 was down fractionally at the open - led lower by airline stocks.

It was all fairly directionless, given the lack of corporate results and economic data.