Prime Minister Anthony Albanese says the government is still in talks with the United States over its plans to slap a 25 per cent tariff on Australian steel and aluminium imports.

French President Emmanuel Macron on Tuesday called on military chiefs from across Europe and beyond to draw up a plan "to define credible security guarantees" for Ukraine in the event of a ceasefire,

The closed-door gathering of 34 army chiefs, including NATO alliance and EU members as well as Japan and Australia, was a rare - and possibly unprecedented - convening without the U.S.

The ASX is set to follow Wall Street lower this morning as the White House confirms there will be no tariff exemptions for Australian steel and aluminium. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

The Australian Prime Minister has made a promise about Ukraine to Sir Keir Starmer - while Donald Trump is threatening new sanctions to secure a ceasefire. World leaders are continuing to discuss plans to potentially end Russia's war in Ukraine, following uncertainty over the United States' relationship with the two countries.

President Donald Trump and Ukrainian President Volodymyr Zelennskyy are set to sign a framework for the U.S. and Ukraine to cooperate in developing Ukrainian rare earth minerals.