March 12, 2025 16:27 GMT
OIL: US-RUSSIA: Ceasefire Is Up to Russia Now - Trump
OIL
US-RUSSIA: Ceasefire Is Up to Russia Now - Trump
Reuters reporting comments from US President Donald Trump, ahead of a bilateral meeting at the White House with Irish Taoiseach Micheál Martin, on the ceasefire framework agreed by Ukraine in Saudi Arabia yesterday. Trump also touches on tariffs, saying there will be "very little flexibility" when the tariffs are initially put in place.
- Trump echoes US Secretary of State Marco Rubio, who said yesterday the "ball is in [Russia's] court", saying: "It is up to Russia now... we have people going to Russia right now... hopefully we can get a ceasefire... have gotten some positive messages on ceasefire."
- Trump notes: "We can pressure [Russia] but hope it’s not going to be necessary," adding "there are things you could do in a financial sense that would be very bad for Russia".
- The White House press pool notes that Trump also made some comments related to tariffs. Trump said: “We do have a massive deficit with Ireland… Ireland got pharmaceuticals through smart taxation,"
- RTE reports that Trump claimed Ireland, "took our pharmaceutical and other companies away through taxation."
- Reuters notes that Trump reiterated that the "EU was set up to take advantage of the US," and says there will be "flexibility on tariffs," but "very little flexibility when we start."
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