Trump’s Patience with Putin Wearing Thin
Former US President Donald Trump has delivered a sharp warning to Russian President Vladimir Putin, saying his patience is “running out fast.” Trump threatened Moscow with a fresh round of economic sanctions after recent attempts to mediate a ceasefire in the Ukraine conflict failed.
Speaking in a Friday interview on Fox News, Trump hinted at aggressive action targeting Russia’s key revenue sources.
“It’ll be hitting very hard on with sanctions to banks and having to do with oil and tariffs also,” Trump said.
This statement signals that the White House is preparing to turn up the pressure on Moscow as the war shows no sign of slowing down.
US Treasury Pushes G7 to Target China & India
The US Treasury has called on G7 countries to impose what it called “meaningful tariffs” on China and India for continuing to buy Russian oil. According to the Financial Times, Trump has already asked the European Union to slap 100% tariffs on both New Delhi and Beijing as part of his strategy to squeeze Russia financially.
Interestingly, despite this tough stance, Trump also revealed that the US and India have agreed to resume trade talks after weeks of tension over India’s oil imports from Moscow. This signals that Washington is trying to maintain ties with New Delhi while keeping pressure on the Kremlin.
China Issues Warning to Mexico Over Tariffs
China is also on edge over Trump’s trade policies. On Friday, Beijing urged Mexico to “think twice” before raising tariffs on Chinese automobiles, suggesting that China is ready to retaliate if pushed further.
Mexico had earlier announced it will raise tariffs on automobiles from China and other Asian countries to 50%, a move many experts see as a direct response to Trump’s trade push.
Supreme Court to Fast-Track Tariff Challenge
In a major legal development, the US Supreme Court has decided to quickly review a high-stakes challenge to Trump’s sweeping tariffs. The court will hear oral arguments in early November, setting up a decision that could come as soon as this fall.
US Treasury Secretary Scott Bessent warned that if the Supreme Court rules against Trump, the government might have to refund half of all tariff revenue collected so far — a massive economic reversal.
What’s at Stake: Trump’s “Reciprocal” Tariffs
The tariffs under scrutiny are the country-specific duties Trump has introduced throughout the year, ranging from 10% to 50%. Trump has relied on a 1977 law, the International Emergency Economic Powers Act (IEEPA), to justify these measures.
So far, federal appeals courts have allowed the tariffs to remain in place as the legal battle continues. However, if the Supreme Court rules that Trump overstepped his authority, it could force the US to roll back the duties and even “unwind” existing trade deals with allies like the EU, Japan, and South Korea.
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