In this episode of The PDB Afternoon Bulletin: 

• First—President Donald Trump strikes a historic new trade deal with the European Union after months of tense negotiations, ending fears of a looming transatlantic trade war. We’ll have the details.

• Later in the show—Disappointed by the Kremlin’s continued intransigence regarding negotiations to end the war in Ukraine, President Trump is tightening the screws on Moscow, giving Vladimir Putin just 10 to 12 days to reach a ceasefire deal with Kyiv or face crushing economic consequences.

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