U.S. President Donald Trump meets with NATO Secretary General Mark Rutte (not pictured), on the day President Trump announces a deal to get U.S. weapons to NATO, in the Oval Office at the White House in Washington, D.C., U.S., July 14, 2025. REUTERS/Nathan Howard

Trump said the United States would put 100% secondary tariffs on countries that do business with Russia if a deal if a peace deal is not reached in 50 days.

We’re going to be doing very severe tariffs if we don’t have a deal in 50 days," the Republican president said. He said they would be “secondary tariffs,” meaning they would target Russia's trading partners in an effort to isolate Moscow in the global economy.