Trump Threatens 100% Tariffs on Russia If No Ukraine Ceasefire
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Good morning. Trump loses patience with Russia. Silver briefly soars to an almost 14-year high. And Saudi Arabia gets ready to find out if its futuristic city dreams are feasible. Listen to the day’s top stories.
Donald Trump’s frustrations over the war in Ukraine have reached a breaking point. The US president threatened 100% tariffs on Russia, which may come in the form of “secondary” measures, if Vladimir Putin fails to agree to a peace deal by early September. He also pledged to send Ukraine “top-of-the-line” weapons paid for by NATO allies. Bloomberg Opinion’s Andreas Kluth says the moves suggest that the US is finally ready again to up the pressure on Moscow to end the killing.