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Trump Plans 'Major' Russia Statement, Vietnam Hit With Fresh Tariffs | Bloomberg The Pulse 07/11
President Donald Trump said he plans to make a “major statement” on Russia, as the US prepares to send more American weapons to Ukraine via purchases from NATO allies.
“I think I’ll have a major statement to make on Russia on Monday,” Trump told NBC News in a telephone interview. Trump, in the interview, reiterated criticism of Russian President Vladimir Putin over Russia’s continued attacks on Ukraine. He also said he expects the Senate to pass a tougher Russia sanctions bill sponsored by a close ally, Senator Lindsey Graham of South Carolina. In trade news, Vietnam’s leadership was caught off guard by US President Donald Trump’s announcement last week that it agreed to a 20% tariff, and the Southeast Asian nation is still seeking to lower the rate, according to people familiar with the matter.
Straight after last Wednesday’s call with Trump, Vietnam’s party chief To Lam told his negotiating team to keep working to bring the tariff rate down, the people said, asking not to be identified as the talks are confidential. The 20% figure came as a surprise as Vietnam believed it had secured a more favorable tariff range, the people said. Before the call, Vietnam had been pushing for a tariff in the 10%-15% range.
Today's guests: Klaus Baader, Société Générale Corporate and Investment Banking Global Chief Economist, Kamakshya Trivedi, Goldman Sachs Chief FX and Emerging Markets Strategist, Amy Gower, Morgan Stanley Metals and Mining Commodities Strategist
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"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.
Chapters:
00:00:00 - The Pulse With Francine Lacqua
00:03:10 - Trump Considers 15% to 20% Blanket Tariffs
00:07:02 - Marco Rubio and Wang Yi Meet
00:08:49 - Klaus Baader, Société Générale Corporate and Investment Banking Global Chief Economist
00:11:04 - Trump Threatens 35% Canada Tariff, Floats Higher Global Rate
00:14:32 - Trump Plans ‘Major’ Russia Statement Monday, Mulls Sanctions
00:17:48 - Kamakshya Trivedi, Goldman Sachs Chief FX and Emerging Markets Strategist
00:22:54 - Copper Meltdown
00:26:32 - Amy Gower, Morgan Stanley Metals and Mining Commodities Strategist
00:34:17 - Zelenskiy Says Rome Meeting Raised Optimism
00:37:59 - Europe's AI Prospect
00:43:29 - Headwinds for SAP's Future Growth
00:47:45 - Summer Cocktails all About Bubbles
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Published Jul 11, 2025
