Why Russian markets jumped after Trump’s tariff threat against Putin
Russian stock market actually jumps after Trump’s Putin ultimatum
- Donald Trump announced 100 per cent tariffs on Russia, to be imposed if a peace deal is not reached within 50 days.
- Despite this ultimatum, the Russian stock market unexpectedly rose by 2.7 per cent.
- The 50-day timeframe provides Russia with an opportunity to negotiate and potentially delay the new sanctions.
- These tariffs are designed as secondary sanctions, targeting countries that purchase Russian oil, due to the minimal direct trade between Moscow and Washington.
- Trump expressed disappointment with Putin for the failure to secure a deal and hinted that comments from Melania Trump influenced his decisions.