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Russia Announces Putin-Trump Summit Scheduled in Coming Days | The Pulse 8/07/2025
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August 7, 2025
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48:26Now PlayingPresidents 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.
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