

PDB Afternoon Bulletin | July 28th, 2025: Trump Steamrolls Europe On Tariffs & Issues A New Deadline To Putin
7 snips Jul 28, 2025
President Trump secures a groundbreaking trade deal with the EU, quelling fears of a transatlantic trade war with crucial energy and defense clauses. Meanwhile, tensions spike as he gives Putin a firm deadline to negotiate a ceasefire in Ukraine, threatening severe economic repercussions if ignored. The implications of these moves could reshape U.S. relations with Russia and impact NATO's cohesion. Additionally, there's a push for financial prudence through gold diversification, paired with suggestions for summer grilling essentials.
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Trump's Historic EU Trade Deal
- President Trump secured a massive trade deal with the EU, imposing a 15% tariff on European imports despite their initial 10% demand.
- The deal forces Europe to significantly buy US energy and military equipment while hurting key EU sectors like pharmaceuticals and autos.
US-China Trade Talks Pressured
- US-China trade talks continue amid pressure for deeper market access and action on fentanyl, with a fragile tariff truce deadline looming.
- China remains a dominant supplier of rare earths, critical to defense and tech industries, impacting global supply chains.
Trump's Tough Russia Ultimatum
- President Trump imposed a tough 10 to 12-day ultimatum on Russia for a Ukraine ceasefire, threatening a 100% tariff on Russia and its trading partners.
- This strategic economic isolation aims to force Moscow's hand but risks fracturing Western unity and faces skepticism around its chances of success.