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Trump threatens Russia with 100% secondary tariffs if no deal on Ukraine in 50 days

Trump threatens Russia with 100% secondary tariffs if no deal on Ukraine in 50 days

The National2 days ago
US President Donald Trump on Monday threatened Russia with '100 per cent' secondary tariffs if it fails to reach a deal on ending the Ukraine war within 50 days. Mr Trump, speaking alongside Nato Secretary General Mark Rutte in the Oval Office, said he was 'disappointed' with President Vladimir Putin as the war in Ukraine drags on.
'We're going to be doing secondary tariffs if we don't have a deal in 50 days. It's very simple, and they'll be at 100 per cent and that's the way it is,' Mr Trump said. He added: 'I use trade for a lot of things. But it's great for settling wars.'
The US President has taken a harder line on Russia in recent weeks as it has pounded Ukrainian cities. In April, Mr Trump urged Mr Putin to 'STOP!' launching deadly barrages on Kyiv. The following month, he said in a social media post that the Russian leader 'has gone absolutely CRAZY!' In response to a question from The National, Mr Trump said that 'I felt that we had a deal about four times, and here we are still talking about it'.
The Russia-Ukraine war began in February 2022, when Russian forces invaded Ukrainian territory. The President also told reporters that the US would be building weapons that would be sent to European Nato countries. These systems would replenish supplies that had been sent to Ukraine from Europe. European countries would pay for the systems, Mr Trump emphasised.
'We make the best equipment, the best missiles, the best of everything – the European nations know that, and we've made a deal today,' he said. 'Billions of dollars' worth of military equipment is going to be purchased from the United States … and that's going to be quickly distributed to Ukraine.'
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AI Appreciation Day: Business leaders reflect on how the technology has changed our lives
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time13 minutes ago

  • Khaleej Times

AI Appreciation Day: Business leaders reflect on how the technology has changed our lives

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Air taxi maker Joby to double capacity after successful Dubai test flight
Air taxi maker Joby to double capacity after successful Dubai test flight

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  • Arabian Business

Air taxi maker Joby to double capacity after successful Dubai test flight

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French PM's plan to scrap two holidays stirs outcry
French PM's plan to scrap two holidays stirs outcry

Khaleej Times

time3 hours ago

  • Khaleej Times

French PM's plan to scrap two holidays stirs outcry

French Prime Minister Francois Bayrou wants to scrap two public holidays to put France's finances back on track. It's a brave move: The last French leader to try something similar soon found himself out of a job. Bayrou, a long-time debt hawk who is fighting for his political survival, made the headline-grabbing proposal on Tuesday, when he outlined a series of deficit-reduction measures worth 43.8 billion euros ($50.88 billion) next year aimed at lowering France's debt. "The entire nation must work more — to produce, to increase overall national activity throughout the year, and to improve France's situation," Bayrou said. "That's why I propose the removal of two public holidays." His idea is not without precedent. In 2003, just months after a heatwave that killed nearly 15,000 people, then-Prime Minister Jean-Pierre Raffarin announced a plan to scrap the Pentecost Monday holiday and replace it with a "day of solidarity." Pitched as a form of civic duty to finance aid for the elderly who had been disproportionably affected by the heatwave, employees would work for free while employers would also contribute. The measure, rolled out in 2005, was a disaster. Some offices and schools shut; others remained open. Some workers got paid; others didn't. Strikes and protests soon followed. "It has become a social and political mess," newspaper Le Monde wrote in an editorial at the time. Two weeks later, the day after voters rejected a referendum on the European Union constitution, Raffarin resigned. Bayrou, who has survived eight attempts to topple him since taking office last December, is certain to face more no-confidence votes in a few months when budget talks gather momentum. His fate now rests largely in the hands of the far-right National Rally (RN), France's largest parliamentary party, which can topple him if its lawmakers team up with the left. "If Francois Bayrou does not change his plans, we'll vote for a motion of no-confidence against him," RN party chief Marine Le Pen said on Tuesday, joining leftist party chiefs who also signalled their willingness to unseat Bayrou. Jean-Daniel Levy, from pollster Harris Interactive, told Reuters that while most supported Bayrou's deficit-reduction efforts, 70% of respondents to their snap poll rejected the scrapping of two public holidays, and 61% rejected Bayrou's proposed welfare spending freeze. "I think everyone agrees we need to make an effort — but there are efforts, and then there are efforts," said Jean Claude Vie, 85, as he walked the streets of Paris. "Is he making any effort himself?" he asked of Bayrou, saying the 74-year-old would "be better off retiring than holding onto a job that could go to someone younger." Ditching the Pentecost holiday was an easier sell in 2003, Levy said, as many French wanted to give back after the killer heatwave. Bayrou, however, has no such levers to pull. "It's perceived as a double punishment," Levy said. "Working more without earning more, and losing moments of rest." Speaking on TF1 about the public holidays, Labour Minister Astrid Panosyan-Bouvet said that in "exchange" for the additional working days, a "contribution" would be requested from businesses, without giving more details. Jordan Bardella, Le Pen's young protege and the RN's possible candidate in the 2027 presidential vote, zeroed in on Bayrou's proposal to abolish holidays, calling it "a direct attack on our history, our roots, and the France of workers." Leaders on the left were equally displeased. Sophie Binet, who leads the CGT union, criticised the plan to scrap the May 8 holiday, which commemorates the end of World War II, questioning the nixing of a day celebrating "the victory over Nazism, just as the far right stands at the gates of power." Not all were outraged. In an op-ed in Le Monde, economist Charles Wyplosz said Bayrou's "budget proposal is courageous and, overall, rather well-conceived." Scrapping two public holidays would increase revenues to the tune of 4 billion euros, he estimated. Despite being diluted by lawmakers in 2008, Raffarin's "day of solidarity" endures, widely derided as a "ghost holiday" that continues to cause confusion among workers and employers.

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