Trump Sets New Tariff Deadline on Russia Amid Ongoing Ukraine Conflict
President Trump has announced a new, shorter deadline for imposing tariffs on Russia due to the ongoing conflict in Ukraine. Trump is prepared to act in 10 days if there is no progress from Moscow. Concerns about oil prices are addressed with plans to increase domestic production.
President Donald Trump declared a revised, tighter timeframe for enacting tariffs on Russia, citing the persistent conflict in Ukraine. The deadline is now set for 10 days, after previous hesitation.
While aboard Air Force One, Trump expressed confidence in mitigating any oil price impacts through boosting local production, despite Russia's potential nonchalance over economic sanctions.
The U.S. Treasury Secretary warned of secondary sanctions for countries purchasing Russian oil, notably addressing China. Meanwhile, rhetoric from Moscow suggests potential escalation as Trump faces criticism for his ultimatum strategy.
(With inputs from agencies.)
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