On July 14, 2025, U.S. President Donald Trump warned that the United States would impose "very severe" tariffs of up to 100% on Russia and its trading partners if no deal is reached to end the war in Ukraine within 50 days. Speaking during an Oval Office meeting with NATO Secretary-General Mark Rutte, Trump specified these would be "secondary tariffs," targeting countries that continue to trade with Russia, such as those purchasing Russian oil, to economically isolate Moscow. He expressed frustration with Russian President Vladimir Putin, citing ongoing military actions in Ukraine despite prior negotiations. Trump also announced that the U.S. would supply advanced weapons, including Patriot missile systems, to Ukraine via NATO, with European countries covering the costs. The Russian stock market reportedly rose over 2% following the statement, suggesting market confidence or skepticism about immediate impacts.
