Russia’s stalling contrasted with Trump’s rush for a valuable breakthrough as his trade policies set off stock market slumps and cast a cloud over the economy. “I think we’re going to be in very good shape to get it done. We want to get it over with,” Trump said at the Oval Office on Thursday, in an outburst of optimism that jarred with reality.

Russian President Vladimir Putin said Thursday that Russia agrees in principle with the U.S. ceasefire proposal, but the terms need to be worked out. He emphasized that it should pave the way to lasting peace.