Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

US President Donald Trump warned he would impose “very severe consequences” if Vladimir Putin didn’t agree to a ceasefire agreement later this week, following a call with European leaders ahead of his meeting with the Russian president.

Trump also said he hoped to use the Friday meeting to set up a “quick second meeting” with Ukrainian leader Volodymyr Zelenskiy after allies pressed him to push for such a summit.
“There’s a very good chance that we’re going to have a second meeting which will be more productive than the first,” Trump told reporters Wednesday at the Kennedy Center, adding that he was “setting the table for the second meeting."

The president’s remarks signaled both that he was looking to downplay expectations for the delivery of a full peace deal from his Anchorage, Alaska summit with Putin, and responding to concerns from his European partners who urged him to prioritize direct Putin-Zelenskiy talks. Skeptics of Trump’s effort have expressed concern that the US president — who has said an eventual deal would include territorial exchanges — could agree to peace terms proposed by Putin that would disadvantage Ukraine.

Today's show features:

• Bloomberg News National Security Team Leader Nick Wadhams on expectations for Friday’s Alaska Summit between President Trump and Russia’s Vladimir Putin
• Bloomberg Economics Chief Geoeconomics Analyst Jennifer Welch on how China has been preparing for a trade war with the US for decades
• Bloomberg Intelligence Global Equity Strategist Gillian Wolff on the Wednesday trade
• Gary Evans, Chairman and CEO of United States Antimony Corp., and Bloomberg News Economic Statecraft Reporter Joe Deaux, on the company's latest earnings and the critical minerals market

See omnystudio.com/listener for privacy information.