Ukraine war or face severe economic consequences. This move comes as Trump attempts to fulfill his promise of ending the conflict swiftly, a promise that has already faced skepticism. On Truth Social, Trump warned Putin of high taxes, tariffs, and sanctions on Russian goods if a peace deal is not reached soon. Despite the tough rhetoric, Trump also expressed his admiration for the Russian people and his past good relations with Putin, highlighting the complex nature of their relationship.
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The potential economic impact of Trump's threats is a topic of debate. While the U.S. and Russia have minimal trade, with only $2.8 billion in 2024, the imposition of new tariffs and sanctions could still have significant repercussions. These measures could further isolate Russia economically, exacerbating existing challenges such as inflation and slowing economic growth. However, the effectiveness of these threats is uncertain, as Russia's exports to the U.S. have already decreased significantly.
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Trump's ultimatum also reflects the evolving dynamics of his relationship with Russia. During his first presidency, Trump maintained a personal rapport with Putin, often expressing a desire for improved