President Donald Trump’s latest threat of a 100% tariff on Russia if no peace deal is reached in Ukraine within 50 days is drawing sharp criticism, and even mockery from leading economist Justin Wolfers.
What Happened: On Monday, in a post on X, Wolfers criticized Trump’s proposed move to bring an end to the war between Russia and Ukraine, by threatening “secondary tariffs” of 100% against Russia, if a resolution isn’t reached within the next 50 days.
Wolfers mocked the move, highlighting the fact that Russia was already under sanctions by the U.S., drastically limiting trade between the two nations, so any tariff figure would be irrelevant for Moscow at this point.
See Also: EU Prepares $24.5B In Tariffs As Trump Threatens 30% Import Tax On Mexico, Europe
“A 100% tariff on almost nothing will do almost nothing,” Wolfers says, sharing a chart featuring the drop in trade between …