Trump: 50-Day Ultimatum Before 100% Tariffs on Countries that Buy Russian
President Donald Trump, in a press conference at the White House July 14, said that Russian President Vladmir Putin should have stopped fighting in Ukraine two months ago, and if he does not stop bombing Ukraine within 50 days, the U.S. will impose "secondary tariffs" of 100%.
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Secondary tariffs target the exports of third countries that buy goods from Russia. It was not clear whether any purchases trigger the tariffs, or only purchases of certain goods, such as oil and natural gas. Congress has been considering a bill that would authorize 200% tariffs on countries that purchase, oil, natural gas, uranium and other goods.
"We are very unhappy ...with Russia, and we're going to be doing very severe tariffs if we don't have a deal in 50 days," Trump said.
He added: "I hope we don't have to do it."