Bloomberg Daybreak: US Edition Next Steps in Russia-Ukraine Peace Process; Bessent Says China Tariff Status Quo 'Working Pretty Well'
Aug 20, 2025
Mark Champion, a Bloomberg Opinion columnist, and John Tucker, a Bloomberg Radio reporter covering President Trump's finances, delve into the complexities of the Russia-Ukraine peace negotiations. They discuss the potential face-to-face meeting between Presidents Putin and Zelenskiy and the stakes involved. Additionally, Treasury Secretary Scott Bessent shares insights on the status quo of U.S.-China tariffs, indicating a desire for stability as tensions rise. The conversation highlights the intertwining of geopolitical tensions with economic strategies.
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Security Guarantees Could Unlock Talks
- European troops plus U.S. logistical and air support could form security guarantees to enable a Ukraine peace deal.
- That arrangement shifts deterrence burdens to the U.S. while keeping European boots as the visible peaceforce.
Keep Tariff Status Quo For Now
- Maintain the current tariff status quo with China if it is delivering revenue and stable relations.
- Continue talks and consider a meeting with Xi before the November truce expiry to manage economic tensions.
Trump's Bond Buying Raises Conflict Questions
- President Trump has purchased large amounts of bonds since returning to office, including from firms affected by his policies.
- He did not divest or use a blind trust, keeping investments that intersect with presidential policy.