President Trump has turned up the heat on NATO allies, saying he is ready to impose major sanctions on Russia, but only if all NATO members act together and stop buying Russian oil.
In a recent Truth Social post, Trump criticized NATO saying “NATO’S commitment to WIN has been far less than 100%, and the purchase of Russian Oil, by some, has been shocking”. He said it significantly weakens their negotiating power with Russia.
Trump also proposed that NATO, as a group, should place 50–100% tariffs on China, to be lifted once the Russia-Ukraine war ends. He claims that this move would pressure China to break its grip on Russia and help bring the conflict to a close.
He also said that this war would never have started under his presidency, calling it Biden and Zelenskyy’s conflict.
In an interview with Fox News on Friday, Trump said that his patience with Russian President Vladimir Putin is running out fast.
And this isn’t the first time either. Trump previously threatened sanctions on Moscow and on countries buying its oil, including major buyers China and India, if the war in Ukraine isn’t resolved. He has slapped a 25% tariff on Indian goods for continuing to import Russian oil, but has not taken a similar action on China.
Tensions are spiking. Several Russian drones recently flew into Poland, escalating matters by entering the airspace of a NATO ally. The United States pledged Friday to defend “every inch of NATO territory” after the drones entered Polish airspace, during an attack on Ukraine.
Meanwhile, Peace talks between Russia and Ukraine are currently on “pause,” with President Zelensky warning that Putin still aims to capture all of Ukraine.
Despite these geopolitical developments, crypto markets remain relatively muted to this development. Bitcoin has held above the $115,000 level, while altcoins are also trading in green – even leading to increased calls for the start of “Altcoin season”.
The global crypto market cap now stands at $4.19 trillion, up 1.9% in the last 24 hours.
Investor Ted notes that the U.S. markets are hitting new highs across the board with gold, stocks and even global money supply (M2) are all at record level, while the national debt continues to climb. Bitcoin is also just 7% away from its all-time high. Yet, the U.S inflation remains at 2.9%, far above the Fed target.
Trump has commanded immense power over the global markets in the past few months and this isn’t an exception. All eyes are on his next policies and the impact they will create.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The long term Bitcoin (BTC) holders have begun accumulating for the first time since July…
Silver prices saw a sudden and sharp sell-off, falling nearly 13% in a single day…
For many crypto investors, the past year has been painful. Altcoins have struggled badly, with…
XRP is once again in focus after crypto analyst Santiago R Santos shared a bullish…
The crypto markets are bracing for one of the calmest yet most interesting year-ends, much…
As the crypto markets are heading for the yearly close, the volatility has just lit…
