US tariff threat leaves Russia less rattled than relieved
Summary
The United States, under President Donald Trump, threatened new tariffs against Russia unless a deal to end the Ukraine war is reached in 50 days. While Trump took a stronger stance by pledging more military aid to Ukraine, Russia's stock market increased as the country expected harsher measures and gained time to respond.Key Facts
- Donald Trump threatened Russia with new tariffs to encourage a peace deal in the Ukraine conflict.
- The new US tariffs will take effect in 50 days if no agreement is reached.
- Despite the threat, Russia's stock market rose by 2.7%.
- Trump announced US arms shipments to Ukraine, to be paid for by European governments.
- Russia has been cautious, expecting tougher US sanctions.
- The Ukraine war began with Russia's full-scale invasion in February 2022.
- Russia's response to US proposals has been to delay while seeking peace on its own terms.
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