Trump threatens Russia with sanctions, tariffs

Tells Putin to make Ukraine deal 'now'

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WASHINGTON:

US President Donald Trump stepped up the pressure on Russian counterpart Vladimir Putin to make a peace deal with Ukraine Wednesday, threatening tougher economic measures if Moscow does not agree to end the war.

Trump's warning in a Truth Social post came as the Republican seeks a quick solution to a grinding conflict that he had promised to end before even starting his second term.

"If we don't make a 'deal,' and soon, I have no other choice but to put high levels of Taxes, Tariffs, and Sanctions on anything being sold by Russia to the United States, and various other participating countries," Trump said.

Trump said he was "not looking to hurt Russia" and had "always had a very good relationship with President Putin", a leader for whom he has expressed admiration in the past.

"All of that being said, I'm going to do Russia, whose Economy is failing, and President Putin, a very big FAVOR. Settle now, and STOP this ridiculous War! IT'S ONLY GOING TO GET WORSE."

He added: "Let's get this war, which never would have started if I were President, over with! We can do it the easy way, or the hard way - and the easy way is always better. It's time to 'MAKE A DEAL.'"

Russia already faces crushing US sanctions over the war since invading Ukraine in 2022 and trade has slowed to a trickle. Trump's predecessor Joe Biden's administration imposed sweeping sanctions against Moscow's energy sector earlier this month.

But Trump -- a billionaire tycoon famed for his book "The Art of the Deal" -- and his administration reportedly believe there are ways of toughening measures to press Putin.

The United States imported $2.9 billion in goods from Russia from January to November 2024 -- down sharply from $4.3 billion over the same period in 2023, according to the US Department of Commerce.

Top US imports from Russia include fertilizers and precious metals.

It was Trump's toughest line on Putin since he returned to the White House this week, and comes despite fears that it was Kyiv rather than Moscow that he would strongarm into making a peace deal.

During a White House press conference on Tuesday Trump said only that it "sounds likely" that he would apply additional sanctions if Putin did not come to the table.

The US president however declined to say whether he would continue Biden's policy of sending billions of dollars in weaponry to help Ukraine.

"We're looking at that," he said at the press conference. "We're talking to (Ukrainian President Volodymyr) Zelensky, we're going to be talking to President Putin very soon."