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Donald Trump has said a deal for Ukraine’s rare earth metals is “pretty close” and the US is targeting “anything we can get” in exchange for the aid it’s provided.

Mr Trump told a conference he was determined to get payback for billions of dollars of military hardware and other assistance.

However, a source has told Sky News that President Zelenskyy is not ready to accept the agreement that’s been drafted.

U.S. President Donald Trump reacts onstage during the Conservative Political Action Conference (CPAC) annual meeting in National Harbor, Maryland, U.S., February 22, 2025. REUTERS/Nathan Howard
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President Trump was the star draw at the CPAC conference in Maryland

“I want them to give us something for all the money we put up,” Mr Trump told the CPAC conference. “So we’re asking for rare earth and oil – anything we can get!”

He claimed European countries had given their aid as a loan but the US had not – meaning they were due some compensation.

“We’re going to get our money back because it’s not fair,” Mr Trump told the event in Maryland.

“And we will see, but I think we’re pretty close to a deal. We better be close to a deal”.

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Mr Trump claimed the US had given $350bn in aid, but some international bodies – such as Kiel’s Institute for the World Economy – estimate it’s around $120bn.

Rare earth metals are elements used in high-tech goods such as mobile phones and electric vehicles. Demand is increasing but there are concerns over future availability.

Mr Trump’s national security adviser, Mike Waltz, told the same conference on Friday that he also believed a deal would be struck.

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You can email James, Martha and Mark on trump100@sky.uk

Despite US optimism, a Ukrainian source said an agreement was not yet close due to “a number of problematic issues”.

They said drafts did not “reflect a partnership in the agreement and contain only unilateral commitments by Ukraine“.

Kyiv is likely to be pressing for robust security guarantees from America in any future peace deal with Russia.

Mr Trump’s speech on Saturday evening spanned many subjects, taking numerous digs at opponents such as Joe Biden and heralding what he said were numerous achievements since he regained the White House.

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Meloni’s message to CPAC conference

He also shouted out visitors in the audience such as Reform leader Nigel Farage, calling him a “great guy”, and Argentinian President Javier Milei – who spoke to the conference in Spanish on Saturday.

Italian premier Giorgia Meloni, seen as a key Trump ally in Europe, also delivered a video message defending the political direction of the continent.

“I know you can perceive Europe as distant and lost, but I can tell you it’s not,” said Ms Meloni – who also reaffirmed support for Ukraine, saying it was resisting “a brutal aggression” from Russia.

President Trump repeated his optimism that a deal to end the war is possible under his watch, saying he was “dealing” with both the Ukrainian and Russian leaders.

“I’ve spoken to President Putin and I think that thing [the war] is going to end,” he told the conference.

Ukraine has insisted it won’t accept any deal agreed without its participation, after it was excluded from this week’s meeting between top US and Russian diplomats in Saudi Arabia.

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Ukrainian President Volodymyr Zelenskyy (L) meets U.S. Special Envoy for Ukraine and Russia Keith Kellogg in Kyiv on Feb. 20, 2025. (Kyodo via AP Images) ==Kyodo
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Mr Zelenskyy hosted US special envoy Keith Kellogg in Kyiv this week. Pic: AP


Tensions have been rising in recent days between President Trump and President Zelenskyy.

The US leader referred to Mr Zelesnkyy as a “dictator”, apparently in response to the Ukrainian president saying Mr Trump was living in a Russian “disinformation space”.

Sir Keir Starmer again lent his unwavering backing to Ukraine’s leader in a phone call on Saturday.

Downing Street said the prime minister “reiterated his ironclad support” and “commitment to securing a just and enduring peace to bring an end to Russia’s illegal war”.

It comes days before Sir Keir and French President Emmanuel Macron head to Washington for tricky talks in which they must press Ukraine’s case while keeping the US leader onside.

President Trump told a radio show on Friday that the two European leaders “haven’t done anything” to end the war.

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Most advanced US aircraft carrier arrives close to Venezuela as Donald Trump administration builds-up forces

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Most advanced US aircraft carrier arrives close to Venezuela as Donald Trump administration builds-up forces

The most advanced US aircraft carrier has travelled to the Caribbean Sea in what has been interpreted as a show of military power and a possible threat to Venezuela’s Nicolas Maduro regime.

The USS Gerald R Ford and other warships arrived in the area with a new influx of troops and weaponry on Sunday.

It is the latest step in a military build-up that the Donald Trump administration claims is aimed at preventing criminal cartels from smuggling drugs to America.

Since early September, US strikes have killed at least 80 people in 20 attacks on small boats accused of transporting narcotics in the Caribbean and eastern Pacific Ocean.

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Trump takes questions on MTG, Epstein and Venezuela

Mr Trump has indicated that military action would expand beyond strikes by sea, saying the US would “stop the drugs coming in by land”.

The US government has released no evidence to support its assertions that those killed in the boats were “narcoterrorists”, however.

The arrival of the USS Gerald R Ford now rounds off the largest increase in US firepower in the region in generations.

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With its arrival, the “Operation Southern Spear” mission includes nearly a dozen navy ships and about 12,000 sailors and marines.

Rear Admiral Paul Lanzilotta, who commands the strike group, said it will bolster an already large force of American warships to “protect our nation’s security and prosperity against narco-terrorism in the Western Hemisphere”.

Donald Trump said the US would 'stop the drugs coming in by land'. Pic: Reuters
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Donald Trump said the US would ‘stop the drugs coming in by land’. Pic: Reuters

Admiral Alvin Holsey, the US commander who oversees the Caribbean and Latin America, said in a statement that the American forces “stand ready to combat the transnational threats that seek to destabilise our region”.

Government officials in Trinidad and Tobago have announced that they have already begun “training exercises” with the US military that are due to run over the next week.

The island is just seven miles from Venezuela at its closest point.

The country’s minister of foreign affairs, Sean Sobers, said the exercises were aimed at tackling violent crime in Trinidad and Tobago, which is frequently used by drug traffickers as a stopover on their journey to Europe or North America.

Venezuela’s government has described the training exercises as an act of aggression.

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Venezuelan president breaks into song during speech

They had no immediate comment on Sunday regarding the arrival of the USS Gerald R Ford.

The US has long used aircraft carriers to pressure and deter aggression by other nations because its warplanes can strike targets deep inside another country.

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Some experts say the Ford is ill-suited to fighting cartels, but it could be an effective instrument of intimidation to push Mr Maduro, who faces charges of narcoterrorism in the US, to step down.

Mr Maduro has said the US government is “fabricating” a war against him.

The US president has justified the attacks on drug boats by saying the country is in “armed conflict” with drug cartels, while claiming the boats are operated by foreign terrorist organisations.

US politicians have pressed Mr Trump for more information on who is being targeted and the legal justification for the boat strikes.

Elizabeth Dickinson, the International Crisis Group’s senior analyst for the Andes region, said: “This is the anchor of what it means to have US military power once again in Latin America.

“And it has raised a lot of anxieties in Venezuela but also throughout the region. I think everyone is watching this with sort of bated breath to see just how willing the US is to really use military force.”

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Marjorie Taylor Greene ‘open to moving forward’ after row with Donald Trump

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Marjorie Taylor Greene 'open to moving forward' after row with Donald Trump

Republican congresswoman Marjorie Taylor Greene has said she is ready to mend relations with Donald Trump after a high-profile row between the pair.

The former MAGA ally had accused the president of “coming after me hard” over her efforts to get more Jeffrey Epstein files released.

But writing on X on Sunday, she said forgiveness was a “major part” of her Christian faith.

“I’m here to show how it’s possible to settle our differences and move forward as Americans,” she wrote. “That’s why I’m always willing to go on shows with different viewpoints.

“I truly believe in forgiveness and I am open to moving forward with the President.”

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Trump takes questions on MTG, Epstein and Venezuela

A day earlier, Ms Greene said she was facing threats after a barrage of criticism from Mr Trump who has called her “wacky”, a “traitor” and a “ranting lunatic”.

Ms Greene claimed “a hotbed of threats” were “being fuelled and egged on by the most powerful man in the world”.

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However, her attempt to build bridges appears to have fallen flat.

Mr Trump said on Truth Social on Sunday night that she was trying to portray herself as a victim and “nobody cares about this Traitor to our Country!”

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The new Epstein files: The key takeaways

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Trump goes to war with the BBC

The row began when a petition to vote on the full release of the Epstein files received enough signatures – including Ms Greene’s – to bring it to a vote in the House of Representatives.

Despite his attacks, Trump said on social media on Sunday that “House Republicans should vote to release the Epstein files, because we have nothing to hide…”

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March 2025: Greene clashes with Sky correspondent

High-profile figures, including Mr Trump, have been referenced in some of the documents.

The president has called the Epstein files a “hoax” by the Democrats and has consistently denied any involvement or knowledge about Epstein’s sex trafficking operation.

The White House has said the “selectively leaked emails” are an attempt to “create a fake narrative” to smear Mr Trump.

Epstein took his own life in prison in 2019 while awaiting trial for sex trafficking charges.

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Donald Trump confirms he will sue the BBC over Panorama edit – despite broadcaster’s apology

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Donald Trump confirms he will sue the BBC over Panorama edit - despite broadcaster's apology

Donald Trump has said he will sue the BBC for between $1bn and $5bn over the editing of his speech on Panorama.

The US president confirmed he would be taking legal action against the broadcaster while on Air Force One overnight on Saturday.

“We’ll sue them. We’ll sue them for anywhere between a billion (£792m) and five billion dollars (£3.79bn), probably sometime next week,” he told reporters.

“We have to do it, they’ve even admitted that they cheated. Not that they couldn’t have not done that. They cheated. They changed the words coming out of my mouth.”

Mr Trump then told reporters he would discuss the matter with Prime Minister Sir Keir Starmer over the weekend, and claimed “the people of the UK are very angry about what happened… because it shows the BBC is fake news”.

Separately, Mr Trump told GB News: “I’m not looking to get into lawsuits, but I think I have an obligation to do it.

“This was so egregious. If you don’t do it, you don’t stop it from happening again with other people.”

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BBC crisis: How did it happen?

The Daily Telegraph reported earlier this month that an internal memo raised concerns about the BBC’s editing of a speech made by Mr Trump on 6 January 2021, just before a mob rioted at the US Capitol building, on the news programme.

The concerns regard clips spliced together from sections of the president’s speech to make it appear he told supporters he was going to walk to the US Capitol with them to “fight like hell” in the documentary Trump: A Second Chance?, which was broadcast by the BBC the week before last year’s US election.

Following a backlash, both BBC director-general Tim Davie and BBC News chief executive Deborah Turness resigned from their roles.

‘No basis for defamation claim’

On Thursday, the broadcaster officially apologised to the president and added that it was an “error of judgement” and the programme will “not be broadcast again in this form on any BBC platforms”.

A spokesperson said that “the BBC sincerely regrets the manner in which the video clip was edited,” but they also added that “we strongly disagree there is a basis for a defamation claim”.

Earlier this week, Mr Trump’s lawyers threatened to sue the BBC for $1bn unless it apologised, retracted the clip, and compensated him.

The US president said he would sue the broadcaster for between $1bn and $5bn. File pic: PA
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The US president said he would sue the broadcaster for between $1bn and $5bn. File pic: PA

Legal challenges

But legal experts have said that Mr Trump would face challenges taking the case to court in the UK or the US.

The deadline to bring the case to UK courts, where defamation damages rarely exceed £100,000 ($132,000), has already expired because the documentary aired in October 2024, which is more than one year.

Also because the documentary was not shown in the US, it would be hard to show that Americans thought less of the president because of a programme they could not watch.

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Newsnight allegations

The BBC has said it was looking into fresh allegations, published in The Telegraph, that its Newsnight show also selectively edited footage of the same speech in a report broadcast in June 2022.

A BBC spokesperson said: “The BBC holds itself to the highest editorial standards. This matter has been brought to our attention and we are now looking into it.”

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