Trump’s deadline on secondary tariffs arrives; US-Russian relations hang in the balance
Source: Fox News
By: Caitlin McFall
Summary
President Donald Trump is set to announce new secondary tariffs on nations that conduct trade with Russia, amid its ongoing war in Ukraine. The tariffs, which could be as high as 100%, are aimed at pressuring Russian President Vladimir Putin to agree to a ceasefire. The move has been met with both support and criticism from Republican lawmakers, with some arguing that it will hurt the US economy and others seeing it as a necessary measure to pressure Putin.
Key Takeaways
- President Trump is set to announce new secondary tariffs on nations that trade with Russia.
- The tariffs could be as high as 100% and are aimed at pressuring Putin to agree to a ceasefire in Ukraine.
- The move has been met with both support and criticism from Republican lawmakers.
- Some argue that the tariffs will hurt the US economy, while others see it as a necessary measure to pressure Putin.
- China and India, which account for 46% of all Russian oil purchases, will be most affected by the tariffs.
Vocabulary
| Term | Definition | Example Sentence |
|---|---|---|
| Tariffs | Taxes imposed on imported goods or services. | The US imposed tariffs on Chinese goods to protect its domestic industry. |
| Sanctions | Measures taken to restrict or punish a country’s trade or economy. | The US imposed sanctions on Russia in response to its actions in Ukraine. |
| Ceasefire | A temporary stop to fighting or violence. | The two sides agreed to a ceasefire to allow for humanitarian aid to reach the affected area. |
| Diplomacy | The practice of conducting negotiations and maintaining relations between nations. | The diplomat’s skillful diplomacy helped to resolve the conflict peacefully. |
| Leverage | Influence or power used to achieve a desired outcome. | The US used its economic leverage to pressure the country to reform its trade policies. |
Read the full article: https://www.foxnews.com/world/trumps-deadline-secondary-tariffs-arrives-us-russia-relations-hang-balance
Quiz
- What is the main purpose of the secondary tariffs announced by President Trump?
- A) To reduce the US trade deficit with China
- B) To pressure Russia to agree to a ceasefire in Ukraine
- C) To protect US industries from foreign competition
- D) To increase US exports to India
Correct answer: B) To pressure Russia to agree to a ceasefire in Ukraine
- Which two countries account for 46% of all Russian oil purchases?
- A) China and Japan
- B) India and Germany
- C) China and India
- D) US and UK
Correct answer: C) China and India
- What is the potential impact of the tariffs on the US economy, according to some Republican lawmakers?
- A) It will boost economic growth
- B) It will have no impact
- C) It will hurt the economy
- D) It will lead to a trade war
Correct answer: C) It will hurt the economy
- Who is the Russian President that the US is trying to pressure to agree to a ceasefire in Ukraine?
- A) Vladimir Putin
- B) Dmitry Medvedev
- C) Boris Yeltsin
- D) Mikhail Gorbachev
Correct answer: A) Vladimir Putin
- What is the name of the US President who announced the secondary tariffs on nations that trade with Russia?
- A) Joe Biden
- B) Donald Trump
- C) Barack Obama
- D) George W. Bush
Correct answer: B) Donald Trump