U.S. President Donald Trump meets with NATO Secretary Normal Mark Rutte on the day of saying a deal to get weapons to NATO, within the Oval Workplace on the White Home on July 14, 2025.
Nathan Howard | Reuters
This is a tariff we will get behind. At a White Home assembly on Monday with NATO’s secretary common, Mark Rutte, U.S. President Donald Trump stated he would introduce “tariffs at about 100%” on Russia’s commerce companions if the Kremlin would not attain a deal to finish its invasion of Ukraine in 50 days.
Notably, the punitive measures will likely be carried out as “secondary tariffs,” Trump stated. In contrast to Trump’s regular tariffs, underneath which a selected nation is slapped with a levy, secondary tariffs impose the obligation on international locations and entities that purchase Russia’s exports.
Whereas these strikes had been meant to weaken Russia’s financial system, they do run the chance of drawing different international locations’ ire. In keeping with information from the Worldwide Commerce Centre, in 2024, Russia’s greatest export was oil, and its greatest patrons had been China, India and Turkey, in that order. Which means these nations, amongst others, would successfully face a tariff of 100% from the U.S. — the best of all up to date numbers introduced to date — if they do not shift their shopping for patterns.
That stated, it is refreshing to consider tariffs not as a weapon in a commerce battle (even when there could be collateral harm), however getting used for peace.
What you could know in the present day
And at last…
A mannequin of an eco-district, to be constructed out of engineered wooden, presently often known as Stockholm Wooden Metropolis, by developer Atrium Ljungberg AB, in Sickla on the outskirts of Stockholm, Sweden, on Wednesday, July 12, 2023.
Erika Gerdemark | Bloomberg | Getty Pictures
Inside Europe’s billion-dollar picket metropolis
Part of Stockholm, the capital of Sweden, is about to turn into the “world’s largest picket building mission,” in response to its developer Atrium Ljungberg, which can make investments 12 billion Swedish krona (about $1.25 billion) into the mission.
Sickla — an industrial space to the south of Stockholm’s heart as soon as recognized for manufacturing diesel engines — is being redeveloped utilizing cross-laminated timber, with the fabric being utilized in its buildings’ core, flooring and partitions.
— Lucy Handley
