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Pentagon officials said details were still being worked out, and experts doubted Mr. Trump’s threat of huge tariffs for Russian trading partners.

U.S. President Donald Trump's announcement that he would punish Russia with “biting" tariffs if a peace deal with Ukraine isn't reached within 50 days.

Trump's threat against Russia runs parallel to a Senate-led effort to pass crippling sanctions on countries that buy Russian energy.

In a wide-ranging interview with NBC News, Trump talked about tariffs, sending Patriot missiles to NATO for Ukraine and how he'll sell his recently passed "big, beautiful bill."

Oil prices rose on Friday after U.S. President Donald Trump said he would make an announcement regarding Russia, raising the prospect of more sanctions on the major oil producer, while tariff concern and rising OPEC+ output capped gains.

President Trump said Friday he plans to make a “major statement” on Russia early next week — as the Senate considers legislation to force his hand on sanctions after months of threats from the commander-in-chief.