logo
Senior official says Russia doesn't care about Trump's ‘theatrical ultimatum'

Senior official says Russia doesn't care about Trump's ‘theatrical ultimatum'

US President Donald Trump told the BBC that he thinks a Ukraine peace deal is on the cards. (AP pic)
MOSCOW : Russia does not care about US President Donald Trump's 'theatrical ultimatum' about slapping sanctions on buyers of Russian exports unless Moscow agrees to a peace deal in Ukraine, a senior security official said today.
Trump, sitting beside Nato secretary-general Mark Rutte in the Oval Office, yesterday, announced new weapons for Ukraine and threatened secondary tariffs of 100% on the buyers of Russian exports, of which crude makes up a major chunk.
The US president also expressed frustration with Vladimir Putin, saying he did not want to call the Russian leader 'an assassin, but he's a tough guy'.
'Trump issued a theatrical ultimatum to the Kremlin,' former Russian president Dmitry Medvedev said in a post in English on X.
'The world shuddered, expecting the consequences. Belligerent Europe was disappointed. Russia didn't care.'
The Kremlin has so far not commented on Trump's remarks but said yesterday it was clear that the US had continued to supply weapons and ammunition to Ukraine.
In Washington, a White House official said Trump's intention is to impose '100% tariffs on Russia' and secondary sanctions on other countries that buy oil from Russia if a peace deal is not struck in 50 days.
Eighty-five of the 100 US senators are co-sponsoring a bill that would give Trump the authority to impose 500% tariffs on any country that helps Russia, but the chamber's Republican leaders have been waiting for Trump to give them the go-ahead for a vote.
China and India are the biggest buyers of Russian crude.
Trump told the BBC that he was 'not done' with Putin and that he thought a Ukraine peace deal was on the cards.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump announces Indonesia 'deal' after tariff threats
Trump announces Indonesia 'deal' after tariff threats

New Straits Times

time2 hours ago

  • New Straits Times

Trump announces Indonesia 'deal' after tariff threats

WASHINGTON: US President Donald Trump said Tuesday that he had struck a deal with Indonesia – without providing specifics of the agreement – a week after threatening steeper tariffs on the Southeast Asian country. "Great deal, for everybody, just made with Indonesia," Trump wrote on his Truth Social platform, saying that he worked with the country's president directly. "DETAILS TO FOLLOW!!!" The Trump administration has been under pressure to finalise trade pacts after promising a flurry of deals, as countries have sought negotiations with Washington to avoid Trump's tariff threats. But the US president has so far only unveiled deals with Britain and Vietnam, alongside an agreement to temporarily lower tit-for-tat levies with China. Last week, Trump renewed his threat of a 32 per cent levy on Indonesian goods, saying in a letter to the country's leadership that this level would take effect August 1. It remains unclear what Indonesia's new tariff level will be under the latest deal with Washington, Indonesia's former vice minister for foreign affairs, Dino Patti Djalal, told a Foreign Policy event Tuesday. But he added that insiders from the Indonesian government indicated they were happy with the new deal, adding that he expected further information in the coming hours. Trump, in April, imposed a 10 per cent tariff on almost all trading partners, while announcing plans to eventually hike this level for dozens of economies, including the European Union and Indonesia. However, just days before the steeper duties were due to take effect, he pushed the deadline back from July 9 to August 1. This marked his second postponement of the elevated levies. Instead, since the start of last week, Trump began sending out letters to partners, setting out the tariff levels they would face come August. The levy he cited to Indonesia last week was unchanged from the figure first unveiled in April. To date, Trump has sent more than 20 such letters to partners including the EU, Japan, South Korea and Malaysia. Canada and Mexico – both countries that were not originally targeted in Trump's "reciprocal" tariff push – also received similar documents outlining updated tariffs for their products. However, existing exemptions covering goods entering the United States under a North American trade pact are expected to remain in place. Analysts have warned that without trade agreements, Americans could conclude that Trump's strategy to reshape US trading ties with the world has not worked. "In the public's mind, the tariffs are the pain, and the agreements will be the gain. If there are no agreements, people will conclude his strategy was flawed," William Reinsch, senior adviser at the Center for Strategic and International Studies, previously told AFP.

Govt looks into US request to ease foreign ownership limits
Govt looks into US request to ease foreign ownership limits

Free Malaysia Today

time3 hours ago

  • Free Malaysia Today

Govt looks into US request to ease foreign ownership limits

Tengku Zafrul Aziz said trade officials were working to meet the new US tariff deadline of Aug 1, 'but not at the expense of agreeing to every request'. PETALING JAYA : The government is to consult industry leaders over a US request to relax the limits on foreign ownership of companies in some sectors, says investment, trade and industry minister Tengku Zafrul Aziz. Tengku Zafrul said the US had asked Malaysia to consider liberalising the foreign shareholding restrictions in force on some sectors. Many other nations have also received the same request from the US, he said. The minister said the government would need to consult industry leaders in strategic sectors to determine whether these sectors were ready for the caps on foreign equity to be lifted. 'We need to carefully study its potential impact,' he said. Tengku Zafrul pointed out that some sectors did not have such restrictions, while the manufacturing industry was 'nearly all open'. However, foreign equity limits are still being imposed on strategic sectors, he said. 'As you know, Malaysia has equity restrictions for foreign shareholders in certain sectors. There's a request for us to relook or liberalise those sectors. We need to consult those industries, on whether we are ready to relax those equity shareholding restrictions,' he said. However, not all the US requests would be accepted, he said. 'Some of the requests, we feel, may not be fair to Malaysia.' He said trade officials were working to meet US president Donald Trump's new tariff deadline of Aug 1, 'but not at the expense of agreeing to every request'. The Trump administration has said a 25% tariff would be imposed should talks on a trade deal fail. Flexibility on tariffs Tengku Zafrul said there might be room for flexibility on a sector-by-sector basis. 'There will be opportunities for us to negotiate tariffs below 10% for certain sectors. But at the same time, we cannot depend solely on this trade negotiation.' He pointed to the current status of key sectors such as semiconductors and pharmaceuticals, on which no tariffs are imposed. 'For example, pharmaceuticals are in a better position. Right now, tariffs for both the semiconductor and pharmaceutical sectors are at zero. Naturally, we want to maintain that 0% tariff, but whether we can secure it is another matter.' On the potential impact of tariff changes on the Johor-Singapore special economic zone, Tengku Zafrul said investors were holding off until there was greater clarity. 'There seems to be a wait-and-see attitude. Investors are watching how the tariff scenario plays out before recalculating their positions. That calculation can only happen once there's certainty.' Another discussion would be held this week, with talks to be accelerated until the end of the month, he said.

Factbox-Some of the big US investments being made in AI and energy
Factbox-Some of the big US investments being made in AI and energy

The Star

time3 hours ago

  • The Star

Factbox-Some of the big US investments being made in AI and energy

FILE PHOTO: A building complex that houses Compass Datacenters is partially visible from a nearby neighborhood in Broadlands, Virginia, U.S., March 13, 2025. REUTERS/Leah Millis/File Photo WASHINGTON (Reuters) -American companies rolled out a series of big ticket AI and energy investment pledges on Tuesday, part of a push by U.S. President Donald Trump to maintain America's edge in the booming technology sector. Here are some of the biggest announcements timed around the Energy and Innovation Summit at Carnegie Mellon University, which is expected to include $90 billion in investments in and around Pennsylvania. Alphabet-owned Google has struck a $3 billion deal with Brookfield Asset Management for electricity generated from two hydropower facilities in Pennsylvania. The tech giant will also invest $25 billion in data centers across Pennsylvania and neighboring states over the next two years, Semafor reported on Tuesday. Asset management firm Blackstone plans a $25 billion investment in data centers and energy infrastructure in Pennsylvania, its President and Chief Operating Officer Jon Gray told a panel at the summit. On Monday Meta Platforms Chief Executive Mark Zuckerberg said his company would spend hundreds of billions of dollars to build several massive AI data centers, including a multi-gigawatt data center dubbed Prometheus, which is planned for Ohio. Cloud infrastructure technology company CoreWeave plans to spend up to $6 billion on building a new artificial intelligence data center in Pennsylvania, the company said on Tuesday. The pledges come amid a surge in investments for AI startups, a sign that the field continues to thrive even as venture capital firms are struggling to raise money, a report from PitchBook on Tuesday showed. (Reporting by Raphael Satter; Editing by Chizu Nomiyama )

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store