Next Steps in Russia-Ukraine Peace Process; Bessent Says China Tariff Status Quo 'Working Pretty Well'
Bloomberg Daybreak: US Edition20 Aug 2025

Next Steps in Russia-Ukraine Peace Process; Bessent Says China Tariff Status Quo 'Working Pretty Well'

On today's podcast:
1) After meeting with President Trump separately, Presidents Putin and Zelenskiy could be headed toward a pivotal face-to-face meeting to begin peace talks. But what each side is willing to give up to end the Russia-Ukraine war remains to be seen.
2)Treasury Secretary Scott Bessent indicated the US is satisfied with the current tariff set up with China, a signal the Trump administration is looking to maintain calm with its economic rival before a trade truce expires in November.
3) Wall Street’s selloff in tech heavyweights dragged down global markets on Wednesday, as investors cashed in gains from the leaders of the post-April rally.

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