Bloomberg News Now December 28, 2025: Trump on Ukraine Plan, China Military Drills Around Taiwan, More
Dec 29, 2025
Major progress might be on the horizon as Trump and Zelensky discuss a peace framework for Ukraine. Plans are underway for further talks, with a potential meeting in Washington next January. Meanwhile, tensions rise as China conducts military drills around Taiwan following a significant U.S. arms package. On the trade front, Bank of America’s CEO anticipates easing tariffs. Also, a surge in copper and metals is linked to the demand for energy transition and AI infrastructure. The box office is buzzing with solid ticket sales for 'Avatar Fire and Ash'.
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Ukraine Peace Talks Near Agreement
- President Trump and Volodymyr Zelensky report substantial progress toward a Ukraine peace framework with some remaining tough issues.
- Zelensky says the framework is 90% agreed and U.S.-Ukraine security guarantees are 100% agreed.
China Holds Drills Around Taiwan
- China will conduct military maneuvers, including live-fire drills, around Taiwan after U.S. arms sales approval.
- The drills follow U.S.-approved arms sales to Taiwan worth up to $11 billion earlier this month.
Expect Trade Tension De-Escalation
- Bank of America CEO Brian Moynihan expects the Trump administration to de-escalate trade tensions next year.
- He notes tariffs caused shockwaves through the U.S. economy in 2025 and predicts moves toward lower broad-base rates around 15%.