Trump said the United States would put secondary tariffs on countries that do business with Russia if a peace deal is not reached in 50 days.

President Trump opened his remarks alongside NATO Secretary-General Mark Rutte in the Oval Office on Monday by threatening "severe tariffs" against Russia.

Trump also revealed that Putin had recently offered to assist in mediating between Israel and Iran during their brief June conflict — an offer he declined. “I said, ‘No, no, you help me get a settlement with you, with Russia,’” Trump recounted. “And I think we're going to be doing that too.”