Thursday, July 31

TRUMP SAYS RUSSIA FACES TARIFFS IN 10 DAYS – This is if Moscow shows no progress toward ending its more than three-year-long war in Ukraine

U.S. President Donald Trump said that the United States would start imposing tariffs and other measures on Russia “10 days from today” if Moscow showed no progress toward ending its more than three-year-long war in Ukraine.

Trump first announced on Monday that he was shortening the initial 50-day deadline he set a month ago for action from Moscow, and mentioned a new deadline of 10 to 12 days. On Tuesday, he told reporters he had not heard a response from Russia.

Speaking aboard Air Force One, Trump said he was not worried about the potential impact of Russian sanctions on the oil market or prices, vowing to boost domestic oil production to offset any impact.

The U.S. president, who has in the past spoken about having a good relationship with Putin, has grown increasingly frustrated with Moscow’s refusal to agree to a ceasefire. The fresh deadline suggests Trump is prepared to move forward on his threat of sanctions, after previously hesitating on doing so.

Speaking in Scotland on Monday, he threatened sanctions on both Russia and buyers of its exports – also known as secondary sanctions – unless progress is made.

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