leohohmann.substack.com By Leo Hohmann
President Donald Trump threatened Russia on Monday that it will face extreme tariffs if it doesn’t end its war with Ukraine within 50 days, while at the same time announcing plans for “aggressive” new weapons transfers to Kiev via NATO.
Using his familiar language of being “very, very unhappy” with Vladimir Putin, Trump emphasized that his patience had run its course with the Russian leader’s refusal to end his 3.5-year-old war with Ukraine.
“We’re going to be doing very severe tariffs if we don’t have a deal in 50 days, tariffs at about 100 percent,” Trump said during an Oval Office meeting with NATO Secretary General Mark Rutte.
Trump said these would be “secondary tariffs,” meaning they would target Russia’s remaining trade partners, making them particularly devastating because any country that does trade with Russia would be hit with 100 percent tariffs on its goods coming into the U.S.
On the flip side, this could also devastate the U.S. economy because Russia’s biggest ally and one of its biggest trading partners is China. Imagine if there were 100 percent tariffs on all Chinese goods coming into America. Inflation would soar through the roof…
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