In a high-stakes move from the White House, President Donald Trump has issued Russia a 50-day ultimatum: agree to a ceasefire in Ukraine or face 100% secondary tariffs — a penalty that would hit not only Russia but any country doing business with it.

> “The talk doesn’t mean anything once missiles hit cities,” Trump said, expressing frustration over repeated but fruitless calls with Putin.

NATO to Deliver Weapons, U.S. Steps Back

Trump confirmed continued U.S. military support for Ukraine — but with a twist. Weapons and aid will now be funneled through NATO, not directly by the U.S., signaling a strategic shift toward multilateral pressure.

Why It Matters for Markets

This move could disrupt global trade networks, especially for countries tied to Russia’s energy, metals, or financial flows. Secondary tariffs don’t just sanction Russia — they penalize anyone still transacting with it.

Despite the tough rhetoric, the Moscow Stock Exchange actually rallied — a sign traders feared worse (earlier rumors hinted at 500% tariffs). But investor relief could be short-lived if Russia fails to act.

Sanctions Bill in Play — But Trump Remains Vague

Congress is also weighing a sanctions package with even tougher penalties. Trump called it “useful,” but added, “I don’t want them to waste their time.”

What’s Next?

If Russia doesn’t back down, expect:

Severe trade isolation for Moscow

Fresh volatility across emerging markets

Pressure on commodity prices tied to Russian exports

Indirect effects on crypto markets as capital reacts to geopolitical uncertainty

With Trump making it clear he’s ready to act — and Putin showing no signs of retreat — the countdown is on.

50 days. Then 100% pain.