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Benzinga
Benzinga
Business
Vishaal Sanjay

Trump's '100% Tariff' Threat On 'Almost Nothing' Trade With Russia A Prescription For 'How To Sound Tough But Do Nothing,' Says Economist

Donald Trump Justin Wolfers Russia United States Vladimir Putin Ukraine
The U.S. Political Climate Fueled the Storyline

President Donald Trump’s latest threat of a 100% tariff on Russia if no peace deal is reached in Ukraine within 50 days is drawing sharp criticism, and even mockery from leading economist Justin Wolfers.

What Happened: On Monday, in a post on X, Wolfers criticized Trump’s proposed move to bring an end to the war between Russia and Ukraine, by threatening “secondary tariffs” of 100% against Russia, if a resolution isn’t reached within the next 50 days.

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