President Donald Trump recorded threats on Tuesday that he spent the day before against Russian President Vladimir Putin and said he had exactly 10 days to enter into a peace agreement or to undergo sanctions.
“Ten days from today,” Trump told reporters on board Air Force One during his journey back from Scotland.
“Then you know that we are going to do rates and so,” the president continued. “And I don’t know if it will influence Russia because he probably wants to keep the war.”
President Donald Trump tells the press that he has reduced the 50 -day grace period that he has given Russian President Putin to enter into a peace agreement during a meeting with British Prime Minister Keir Starmer on the Trump Turnberry Golf Course in Turnberry, Scotland on Monday 28 July 2025. (Jacquelyn Martin/AP photo)
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“But we are going to set up rates and the different things you have set up, it can or may not influence, but that could be possible,” Trump added.
Trump’s comments emphasize some skepticism about whether his threat to levying 100% rates and secondary rates on third -party countries that buy Russian oil will do a lot to influence Putin’s decision calculus when it comes to his war objectives in Ukraine.
American purchases from Moscow have already been considerably reduced as a result of Putin’s invasion in Ukraine, with the American import from Russia in total only $ 3 billion in 2024, a decrease of 34.2% from 2023, according to Government data.
The figures are reportedly representing less than 1% of Russia’s total export, but what could affect the war efforts of Moscow is the effect of rates that focus on the $ 192 billion that Russia has benefited of the sale of foreign oil in 2024.
Rough oil tanker SCF Surgut, owned by the leading tank group Sovcomflot van Russia, spends the Bosphorus in Istanbul, Turkey, 4 April 2024. (Yoruk Isik/Reuters)
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China and India are consistently the best buyers of Russian oil, and it is very unlikely that they are able to lead their oil companies to other markets in a 10 -day period.
It is unclear how Trump will maintain secondary sanctions against China and India, in particular because trade negotiations with both countries are going on.
Despite conversations in Stockholm this week with Minister of Finance Scott Bessent and his Chinese counterparts, the US has not yet solidified an official trade agreement with China.
The US had until 12 August to extend the tariff break or to see an increase of 145% on the prices of all Chinese goods purchased in the US
Scott Bessent, secretary of the American Treasury, during a hearing of a house Ways and Means Committee in Washington, DC, US, on Wednesday 11 June 2025. (Eric Lee/Bloomberg via Getty images)
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But with the last 10-day deadline from Trump to Putin, and by extension, buyers of Russian oil, this date may have just been moved to August 8.
It remains unclear how the extra threat of 100% secondary sanctions will influence the decision -making of the president when it comes to trade with Beijing.
