President Donald Trump said on July 14 that he would impose “very severe” secondary tariffs on Russia if President Vladimir Putin does not agree to a cease-fire with Ukraine in 50 days.
“We’re going to be doing secondary tariffs if we don’t have a deal in 50 days,” Trump said. “It’s very simple, and they’ll be at 100 percent.”
Secondary tariffs would be applied to nations that trade with the targeted country. So if China purchases petroleum from Moscow, the United States would slap a tariff on exports from Beijing.
“I use trade for a lot of things,” Trump said at the Oval Office during a meeting with NATO Secretary-General Mark Rutte on Monday. “But it’s great for settling wars.”…
Trump’s Potential Secondary Tariffs on Russia Would Clobber China, India
