US President Donald Trump has warned he will impose high tariffs on Russian goods and impose further sanctions if it fails to end the war in Ukraine. Writing on his social media platform Truth Social,

President Trump in a social-media post urged Russian President Vladimir Putin to make a deal, in his most forceful and public effort to end the war in Ukraine.

President Trump has demanded Russia stop its “ridiculous war” with Ukraine or face stiffer penalties — but the U.S. doesn’t appear to have much financial leverage left after a raft of prior sanctions.