World Business Report US President Donald Trump is "very unhappy" with Russia
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Jul 14, 2025 Tensions rise as President Trump expresses deep dissatisfaction with Russia, threatening hefty tariffs if peace isn't achieved swiftly. The European Union prepares counteractions against U.S. tariffs on imports. Meanwhile, Argentina grapples with inflation data that raises questions about President Javier Milei's economic strategies. The podcast also touches on Kazakhstan's delicate trade balance amid geopolitical shifts and the implications of U.S. tariffs on global energy markets, showcasing the intricate web of international trade dynamics.
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Trump's 50-Day Deadline on Russia
- President Trump issued a 50-day deadline for a peace deal with Russia, threatening 100% secondary tariffs if unmet.
- This approach aims to accelerate resolution and pressure Russia economically.
Impact of Secondary Tariffs
- Secondary tariffs target countries trading with Russia, penalizing their exports to the US.
- The goal is to block Kremlin funding by deterring Russian oil and gas sales globally.
Kazakhstan Faces Secondary Tariff Effects
- Kazakhstan is economically tied to Russia and will feel secondary tariffs' fallout despite not being a direct target.
- The country monitors the evolving policy to protect its interests amid shifting pressures.