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Donald Trump orders two US nuclear submarines positioned near Russia
"I have ordered two Nuclear Submarines to be positioned in the appropriate regions, just in case these foolish and inflammatory statements are more than just that," Trump said in a social media post that called Medvedev's statements highly provocative.
He said he ordered the submarines moved "just in case these foolish and inflammatory statements are more than just that. Words are very important, and can often lead to unintended consequences, I hope this will not be one of those instances." Trump and Medvedev, who is deputy chairman of Russia's Security Council, traded taunts in recent days after Trump on Tuesday said Russia had "10 days from today" to agree to a ceasefire in Ukraine or be hit, along with its oil buyers, with tariffs.
Moscow, which has set out its own terms for peace in Ukraine, has shown no sign that it will comply with Trump's deadline.
Medvedev on Monday accused Trump of engaging in a "game of ultimatums" and reminded him that Russia possessed Soviet-era nuclear strike capabilities of last resort after Trump told Medvedev to "watch his words."
Medvedev has emerged as one of the Kremlin's most outspoken anti-Western hawks since Russia sent tens of thousands of troops into Ukraine in 2022. Kremlin critics deride him as an irresponsible loose cannon, though some Western diplomats say his statements illustrate the thinking in senior Kremlin policy-making circles.
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Economic Times
13 minutes ago
- Economic Times
Trump's tactics a negotiation play, not a policy shift: Richard Redoglia
"You may see IOC and other state-owned refiners scale back their Russian imports. But the bigger picture is that Trump is juggling many priorities at once. In this case, I believe he's applying pressure on Russia through India," says Richard Redoglia, CEO, Matrix Global Holdings. ADVERTISEMENT What is your own sense? While we do not have any benchmark for where this is ultimately headed, India's response so far has been very pragmatic, one must say. Richard Redoglia: Very pragmatic indeed. India needs to import oil—that's its necessity. Its job is to ensure a stable energy supply for its people. The largest refinery, Reliance, is a privately held company. So, it will import oil from any source it can. Russian oil has been available at a discount, and the specific type of oil it imports is important to its remember, Trump is negotiating—he's always dealing, always in motion. What your previous two guests said is quite interesting: first, the stock market has closed at record highs; second, the EU felt taken to the cleaners on the last deal. So, we're in a situation where I believe this is more about negotiation—using India, and I mean this respectfully, as a pawn in Trump's broader efforts to end the war in Ukraine. That's what we're seeing here. You may see IOC and other state-owned refiners scale back their Russian imports. But the bigger picture is that Trump is juggling many priorities at once. In this case, I believe he's applying pressure on Russia through India. Given the growing threats from Donald Trump, if they actually materialize, do you believe global investors might start repricing geopolitical risk in India and other emerging markets? And how could that impact India's overall trade with the West? Richard Redoglia: A very good point was made earlier. I think India will stand its ground for the time being. I don't see any immediate change. Again, I'll emphasize that Trump is negotiating in real time. He tweets in real time.I believe—unless I'm mistaken—I saw a report that IOC announced it would reduce Russian oil imports temporarily. Remember, oil shipments from Russia take about 35 days to arrive, whereas oil from the Middle East takes just 10 to 15 days. There's also excess capacity in the Middle East, which is a key factor here. ADVERTISEMENT So, the issue isn't just about Russian oil. The global oil market is dealing with overcapacity, which puts downward pressure on prices. When you talk about repricing risk and evaluating India, I'd say—perhaps I'm wrong—but this feels like a flash in the pan. It's likely to pass in a few recently, Iran was attacked. That's already in the rearview mirror. Oil was at $78 then, and now it's trading around $65–66. Markets recover quickly. They are efficient at repricing, especially in commodities. The fact that the U.S. stock market is at all-time highs and the oil market appears to be in balance suggests that what we're witnessing now is simply a negotiation. That's the lens through which we should view it. ADVERTISEMENT Having lived in New York for 20 years while Donald Trump was a real estate developer, I've learned to take what he says with a grain of salt. And increasingly, the market is doing the same. The bigger question is: where do you see the dollar heading? Because that, in itself, could dictate global capital flows. Do you think portfolios are now easing out of U.S. exposure? Richard Redoglia: That's a fair point. But again, when stock markets are hitting record highs, how much does the dollar really matter? The dollar is likely to weaken. The latest employment report showed some softness, which suggests we may see a rate cut in September, and possibly another by year-end. ADVERTISEMENT So yes, the dollar may face pressure. But isn't this part of a broader picture? Isn't this a larger re-evaluation of how the market perceives everything?Trump's goal—at least what he says—is free trade. He's putting tariffs in place to draw people into the U.S. market, but the broader aim seems to be enhancing the ability for global transactions. That's the underlying intent. ADVERTISEMENT As for the dollar—and this might sound controversial—I'd say it doesn't matter much right now. Oil prices are in balance. What matters more is that Trump appears to be negotiating for peace in various parts of the world. That, in my view, should be the key focus for the markets. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
15 minutes ago
- Time of India
Market not taking Trump threats seriously; glad India is standing its ground: Vandana Hari
Tired of too many ads? Remove Ads , Founder & CEO,, says crude oil prices are declining. The market is seemingly unconcerned about Donald Trump's recent threat. India's continued oil purchases from Russia are a key factor. If India reduced its intake of 1.7-1.8 million barrels per day, it would create market instability. China might increase its intake, but not enough to offset India's current on the reaction we have seen so far from crude, which has been rolling downhill yesterday, and this morning as well, it tells me that the market is not taking Trump's threat seriously. Probably an input for the market is also the fact that India is standing its ground. Had India said that they are going to halt or reduce purchases of close to 1.7-1.8 million barrels per day, that would have been a major concern for the market as to where this 1.8 million barrels per day goes if India does not take it? Obviously, China could take a bit more. But I doubt it could take equal to what India has been absorbing from Russia or anytime soon and you would have seen prices spiking. So, the market does not seem to be taking it seriously and I am glad to note that India is standing its ground as well.: A major question is whether he will actually go ahead. What is the gap between his threats and his actually proceeding to impose such tariffs? First of all, there are double standards here. You alluded to him potentially doing the same for other buyers of Russian crude and mind you, there are refined products as well. So, there is China and Turkey aside from India when it comes to crude and the same countries as well as major importers like Brazil and South America when it comes to refined as far as optics goes, this is not looking good for Trump singling out India when there are all of these other countries which are importing crude as well. Now, if he does go ahead and impose 100% secondary tariffs on India which would mean that the US would charge 100% tariffs for goods exported by India, India has a few options. One is it can simply ignore and let things take their course that the trade supply chains and so on will reorganise and rearrange themselves around such could look to other markets too to place its goods or it could go into negotiations with the US. Now, of course, it is not for me to say which step India will take on this but from all the signs that we can read, as of now India is saying it is standing its ground and that it will probably take steps or respond as and when the next step from the US becomes clear. There is no point making major shifts in things like crude imports based on guesswork or speculation.
India Today
15 minutes ago
- India Today
HOTTEST ad out there: Trump backs 'Republican' Sydney Sweeney amid jeans advert row
United States President Donald Trump has stirred controversy with a fiery social media post backing actor Sydney Sweeney amid backlash over her American Eagle jeans campaign and taking a swipe at pop icon Taylor Swift, declaring she is "no longer hot".Trump's remarks, posted on Truth Social, praised Sweeney's 'HOTTEST' ad and denounced Swift and several brands he labelled 'woke'."Sydney Sweeney, a registered Republican, has the 'HOTTEST' ad out there. It's for American Eagle, and the jeans are 'flying off the shelves'. Go get 'em Sydney!," Trump In the same post, the President took aim at several other brands and public figures, calling out Jaguar for a "stupid, and seriously WOKE advertisement" that he claimed led to the CEO's resignation and sent the company into "absolute turmoil"."Who wants to buy a Jaguar after looking at that disgraceful ad? Shouldn't they have learned a lesson from Bud Lite, which went Woke and essentially destroyed, in a short campaign, the Company. The market cap destruction has been unprecedented, with BILLIONS OF DOLLARS SO FOOLISHLY LOST," he Trump also revived his criticism of pop icon Taylor Swift, describing her as a "Woke singer" and blaming her political leanings for what he claimed was a decline in her popularity."Or just look at Woke singer Taylor Swift. Ever since I alerted the world as to what she was by saying on TRUTH that I can't stand her (HATE!). She was booed out of the Super Bowl and became, NO LONGER HOT. The tide has seriously turned — Being WOKE is for losers, being Republican is what you want to be. Thank you for your attention to this matter!" he wrote. The post reflected President Trump's ongoing pattern of publicly criticising brands and individuals he perceives as aligned with liberal or progressive values, news agency Associated Press controversy around Sweeney began after American Eagle launched a campaign featuring her with the tagline: "Sydney Sweeney Has Great Jeans". While the brand intended it as a light-hearted pun, many critics online interpreted the message as a dog-whistle to white supremacy and eugenics. The backlash was swift, though Sweeney herself has yet to issue a Eagle, however, defended the campaign in a statement issued Friday, saying the tagline "was always about the jeans". The company added, "Her jeans. Her story. We'll continue to celebrate how everyone wears their AE jeans with confidence, their way. Great jeans look good on everyone".- Ends
