President Donald Trump threatened on Wednesday to impose stiff taxes, tariffs and sanctions on Russia if an agreement isn’t reached to end the war in Ukraine, a warning that is likely fall on deaf ears in the Kremlin.

U.S. President Donald Trump said on Wednesday he would add new tariffs to his sanctions threat against Russia if the country does not make a deal to end its war in Ukraine, and added that these could also be applied to "other participating countries.

President Donald Trump on Wednesday warned he would impose “high levels” of taxes, tariffs and sanctions on Russia unless Russian President Vladimir Putin strikes a deal to end the war in Ukraine, even as trade between the U.S. and Russia has become increasingly limited in recent years.