U.S. President Donald Trump meets with NATO Secretary Basic Mark Rutte on the day of saying a deal to get weapons to NATO, within the Oval Workplace on the White Home on July 14, 2025.
Nathan Howard | Reuters
Here is a tariff we are able to get behind. At a White Home assembly on Monday with NATO’s secretary common, Mark Rutte, U.S. President Donald Trump stated he would introduce “tariffs at about 100%” on Russia’s commerce companions if the Kremlin does not attain a deal to finish its invasion of Ukraine in 50 days.
Notably, the punitive measures can be applied as “secondary tariffs,” Trump stated. Not like Trump’s regular tariffs, below which a selected nation is slapped with a levy, secondary tariffs impose the obligation on international locations and entities that purchase Russia’s exports.
Whereas these strikes have been meant to weaken Russia’s financial system, they do run the chance of drawing different international locations’ ire. In keeping with information from the Worldwide Commerce Centre, in 2024, Russia’s greatest export was oil, and its greatest patrons have been China, India and Turkey, in that order. Meaning these nations, amongst others, would successfully face a tariff of 100% from the U.S. — the best of all up to date numbers introduced thus far — if they do not shift their shopping for patterns.
That stated, it is refreshing to think about tariffs not as a weapon in a commerce struggle (even when there is perhaps collateral injury), however getting used for peace.
What it’s essential to know at this time
And eventually…
A mannequin of an eco-district, to be constructed out of engineered wooden, at the moment referred to as Stockholm Wooden Metropolis, by developer Atrium Ljungberg AB, in Sickla on the outskirts of Stockholm, Sweden, on Wednesday, July 12, 2023.
Erika Gerdemark | Bloomberg | Getty Pictures
Inside Europe’s billion-dollar picket metropolis
Part of Stockholm, the capital of Sweden, is ready to turn into the “world’s largest picket building undertaking,” in response to its developer Atrium Ljungberg, which can make investments 12 billion Swedish krona (about $1.25 billion) into the undertaking.
Sickla — an industrial space to the south of Stockholm’s middle as soon as recognized for manufacturing diesel engines — is being redeveloped utilizing cross-laminated timber, with the fabric being utilized in its buildings’ core, flooring and partitions.
— Lucy Handley
