U.S. Threatens 100% Tariff on Russia, Freezes $50B Assets for Ukraine

The United States has pledged to supply Ukraine with more advanced weapons, including Patriot missile system units, with the costs to be covered by NATO member countries. This move is part of a broader strategy to pressure Russia into a ceasefire agreement within 50 days, failing which the U.S. has threatened to impose a 100% "secondary" tariff on Russia. The U.S. has also indicated its readiness to freeze approximately 50 billion dollars in Russian overseas assets and transfer them to Ukraine, although the specifics of this action remain unclear.

This significant policy shift is aimed at compelling Russian President Vladimir Putin to end hostilities. However, the details reflect the U.S. President's priorities: ensuring no direct financial burden on the U.S. and not committing new funds to Ukraine, at least for now. The U.S. President expressed disappointment with Putin, stating that a peace agreement was expected two months ago but has not materialized. The specifics of the secondary tariff plan remain unclear, but it is intended to target countries purchasing Russian oil. Following the threat, oil prices briefly dipped by over 1%.

Recent statements from the U.S. President indicate growing impatience with Putin, who has so far refused to comply with ceasefire demands. Initially, the U.S. President directed much of his frustration towards Ukrainian President Volodymyr Zelenskyy, but his focus has shifted to Putin as the conflict persists. The U.S. has also indicated its intention to use remaining presidential discretionary funds from the previous administration, totaling 3.85 billion dollars, to supply military equipment to Ukraine. This move underscores the U.S.'s commitment to supporting Ukraine while sending a strong message to Russia about the consequences of continued aggression.