Trump warns Russia of tariffs in 10 days unless Ukraine ceasefire is reached

US President Donald Trump has warned that the US will begin imposing sanctions and tariffs on Russia within 10 days unless Moscow shows signs of ending its war in Ukraine.

Speaking aboard Air Force One, Trump said he has yet to hear back from the Kremlin and saw no reason to delay. “There’s no reason to wait. If you know what the answer is going to be, why wait? And it would be sanctions and maybe tariffs, secondary tariffs,” he told reporters.

The president had earlier given Russia a 50-day deadline, but said on Monday he was cutting it short due to the lack of progress. “I’m going to make a new deadline of about… 10 or 12 days from today,” he said during a meeting with British Prime Minister Keir Starmer. “We just don’t see any progress being made.”

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Trump also said he doesn’t plan to speak with President Vladimir Putin again, adding that punitive economic measures will serve as the US response if Russia doesn’t act.

He dismissed fears of oil market disruptions, saying increased domestic production would cushion any fallout.

Ukrainian President Volodymyr Zelenskyy welcomed Trump’s remarks, calling them “particularly significant.” In a post on X, he wrote: “A clear stance and expressed determination by @POTUS – right on time, when a lot can change through strength for real peace… I thank President Trump for his focus on saving lives and stopping this horrible war.”

Kyiv had suggested a possible meeting between Zelenskyy and Putin before the end of August, but the Kremlin rejected the idea, saying any such summit must come only after concrete peace terms are in place.

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Russia’s foreign ministry has said that if the West truly wanted peace, it would stop arming Ukraine.

Trump, meanwhile, pointed to his past role in de-escalating conflicts between India and Pakistan, and Rwanda and Congo, saying his push for peace continues—though progress in Gaza remains elusive. Some global leaders have even floated his name for the Nobel Peace Prize.