President Donald Trump’s deadline for Russia to end its war in Ukraine or suffer severe economic punishment expires Friday, but it’s unclear how he plans to proceed amid new efforts toward a summit with Vladimir Putin and delicate trade negotiations with China.

WASHINGTON/LONDON (Reuters) -From punishing Brazil to trying to curb imports of fentanyl, U.S. President Donald Trump has wielded the threat of tariffs as an all-purpose foreign policy weapon. With a Friday deadline for Russia to agree to peace in Ukraine or have its oil customers face secondary tariffs,

The US economy will feel the pain if Trump goes ahead with his plan to whack countries buying Moscow’s oil with fresh tariffs on their goods.

Key Points and Summary – With a Friday ceasefire deadline for the Ukraine war just two days away, President Trump is escalating his pressure campaign on Russia, believing a collapse in oil prices will force Putin’s hand.