The US president warned ‘extreme tariffs’ can be imposed if no peace deal is reached inside 50 days
US President Donald Trump has threatened to impose “extreme” tariffs of as much as 100% on Russia’s buying and selling companions until a deal is reached to finish the Ukraine battle inside 50 days.
Trump issued the warning on Monday throughout a gathering with NATO Secretary Normal Mark Rutte within the Oval Workplace.
“We’re very, very sad – I’m – with [Russia], and we’re going to be doing very extreme tariffs if we don’t have a deal in about 50 days,” he said.
Trump blamed his predecessor Joe Biden for dragging Washington into the battle, saying the US had spent roughly $350 billion on support for Ukraine.
The US president additionally talked about a congressional invoice that will impose more durable sanctions on Russia, saying, “I’m undecided we want it, however it’s good they’re doing it… may very well be very helpful.” A Senate vote is predicted subsequent week.
He famous that, if there was no progress on Ukraine, slapping Russia with secondary US tariffs wouldn’t require congressional approval.
Secondary tariffs goal nations that do enterprise with a sanctioned nation.
Trump additionally introduced that the US will ship weapons to Ukraine by NATO, which might deal with each cost and distribution.
“We’ve made a deal right now the place we’re going to be sending them weapons, they usually’re going to be paying for them,” he stated.
Russia has repeatedly denounced the West for supplying Ukraine with weapons, warning that this solely serves to lengthen the battle and makes no affect on its consequence.
The Russian inventory market soared on Trump’s remarks, with the primary index leaping almost 3%, based on information from the Moscow Trade.
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