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Trump tariffsin Financial Markets
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Rising trade tensions dominate as Trump threatens steep tariffs on the EU and Russia, risking major disruptions to global trade and economic stability.

Donald Trump threatens 100% secondary tariffs on Russia

Financial TimesMonday, July 14, 2025 at 3:56:12 PM
NegativeFinancial MarketsU.S.-Russia relations
Donald Trump threatens 100% secondary tariffs on Russia
Donald Trump is floating the idea of slapping 100% tariffs on Russian goods if he wins the presidency again—a dramatic escalation meant to force Moscow to the negotiating table over Ukraine. It’s a hardball move, signaling he’d take a far tougher economic stance than the current sanctions regime.
Editor’s Note: This isn’t just about trade—it’s a glimpse into how Trump might handle the Ukraine war if he returns to power. While tariffs could ratchet up pressure on Russia, they also risk inflaming tensions further or even backfiring on global markets. Either way, it’s a stark reminder that the U.S. election could reshape the conflict’s trajectory.
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