President Donald Trump on Tuesday firmed up threats he issued one day prior against Russian President Vladimir Putin and said he had exactly 10 days to enter into a peace deal or face sanctions.
“Ten days from today,” Trump told reporters aboard Air Force One on his trip back from Scotland.Â
“Then you know we’re going to put on tariffs and stuff,” the president continued. “And I don’t know if it’s going to affect Russia because he wants to, obviously, probably keep the war going.”
President Donald Trump tells press he has reduced the 50-day grace period he gave Russian President Putin to enter into a peace deal during a meeting with Britain’s Prime Minister Keir Starmer at the Trump Turnberry golf course in Turnberry, Scotland Monday, July 28, 2025. (Jacquelyn Martin/AP Photo)
China and India are consistently the top purchasers of Russian oil, and it is highly unlikely they are able to divert their oil needs to other markets in a 10-day time frame.
It is unclear how Trump will enforce the secondary sanctions on China and India, particularly as trade negotiations with both nations remain ongoing.Â
Despite talks in Stockholm this week with Treasury Secretary Scott Bessent and his Chinese counterparts, the U.S. has not yet solidified an official trade deal with China.
The U.S. had until Aug. 12 to either extend the tariff pause or see a 145% hike on the prices of all Chinese goods bought in the U.S.
Scott Bessent, US treasury secretary, during a House Ways and Means Committee hearing in Washington, DC, US, on Wednesday, June 11, 2025. (Eric Lee/Bloomberg via Getty Images)
But with Trump’s latest 10-day deadline to Putin, and by extension, buyers of Russian oil, this date may have just been moved up to Aug. 8.
It remains unclear how the additional threat of 100% secondary sanctions will impact the president’s decision-making when it comes to trade with Beijing.
