Presidents Vladimir Putin and Donald Trump will meet for summit talks within the next few days, the Kremlin said Thursday.
Russia and the US have agreed on a venue for the meeting and “together with our American colleagues, we are starting to work on specific issues,” with a goal for the talks to take place next week, Kremlin foreign policy aide Yuri Ushakov told reporters, according to the Interfax news service. He didn’t identify where the summit will be held. The announcement came a day after Putin met with Trump’s envoy Steve Witkoff in the Kremlin for nearly three hours of talks as the US pushed for an end to Russia’s war in Ukraine. Trump has threatened to hit purchasers of Russian oil with secondary tariffs unless Putin agreed to a truce by Friday in the war that’s now in its fourth year.
In trade news, President Donald Trump’s sweeping new tariffs officially took hold Thursday, as he barrels forward with his turbulent push to reshape global trade. After months of chaotic threats and reversals, higher rates for almost all US trading partners began just after midnight in New York. Trump signed the directive a week ago, but had to allow time for US Customs and Border Protection to make necessary changes to collect the levies.
Taken together, Trump’s actions will push the average US tariff rate to 15.2%, according to Bloomberg Economics estimates, well above 2.3% last year and the highest level since the World War II era.
Today's guests: Jari Stehn, Goldman Sachs Chief European Economist, Mario Greco, Zurich Insurance Group CEO, Thomas Borer, Dr. Borer & Partner Founder and Managing Partner and former Swiss Ambassador to Germany, Richard Bloxam, JLL Capital Markets CEO
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 - The Pulse With Francine Lacqua
00:00:47 - Trump Says 100% Tariffs on Chips
00:05:50 - Trump: Could Put Tariffs on China for Buying Russian Oil
00:07:45 - Stocks Gain as Hopes Rise for Russia-Ukraine Truce
00:14:07 - Jari Stehn, Goldman Sachs Chief European Economist
00:19:26 - Mario Greco, Zurich Insurance Group CEO
00:20:46 - Swiss Cabinet Holds Emergency Session as US Tariffs Kick In
00:25:52 - Thomas Borer, Dr. Borer & Partner Founder and Managing Partner and former Swiss Ambassador to Germany
00:30:59 - Kremlin: Trump-Putin Meeting in Next Few Days Agreed: IFX
00:32:50 - Russia Says Putin-Trump Summit to Take Place Within Days
00:42:11 - Richard Bloxam, JLL Capital Markets CEO
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Russia and the US have agreed on a venue for the meeting and “together with our American colleagues, we are starting to work on specific issues,” with a goal for the talks to take place next week, Kremlin foreign policy aide Yuri Ushakov told reporters, according to the Interfax news service. He didn’t identify where the summit will be held. The announcement came a day after Putin met with Trump’s envoy Steve Witkoff in the Kremlin for nearly three hours of talks as the US pushed for an end to Russia’s war in Ukraine. Trump has threatened to hit purchasers of Russian oil with secondary tariffs unless Putin agreed to a truce by Friday in the war that’s now in its fourth year.
In trade news, President Donald Trump’s sweeping new tariffs officially took hold Thursday, as he barrels forward with his turbulent push to reshape global trade. After months of chaotic threats and reversals, higher rates for almost all US trading partners began just after midnight in New York. Trump signed the directive a week ago, but had to allow time for US Customs and Border Protection to make necessary changes to collect the levies.
Taken together, Trump’s actions will push the average US tariff rate to 15.2%, according to Bloomberg Economics estimates, well above 2.3% last year and the highest level since the World War II era.
Today's guests: Jari Stehn, Goldman Sachs Chief European Economist, Mario Greco, Zurich Insurance Group CEO, Thomas Borer, Dr. Borer & Partner Founder and Managing Partner and former Swiss Ambassador to Germany, Richard Bloxam, JLL Capital Markets CEO
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 - The Pulse With Francine Lacqua
00:00:47 - Trump Says 100% Tariffs on Chips
00:05:50 - Trump: Could Put Tariffs on China for Buying Russian Oil
00:07:45 - Stocks Gain as Hopes Rise for Russia-Ukraine Truce
00:14:07 - Jari Stehn, Goldman Sachs Chief European Economist
00:19:26 - Mario Greco, Zurich Insurance Group CEO
00:20:46 - Swiss Cabinet Holds Emergency Session as US Tariffs Kick In
00:25:52 - Thomas Borer, Dr. Borer & Partner Founder and Managing Partner and former Swiss Ambassador to Germany
00:30:59 - Kremlin: Trump-Putin Meeting in Next Few Days Agreed: IFX
00:32:50 - Russia Says Putin-Trump Summit to Take Place Within Days
00:42:11 - Richard Bloxam, JLL Capital Markets CEO
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts