The sanctions that could really hurt Russia
CNN
Less than 24 hours after Russia ordered the deployment of military forces into eastern Ukraine, the West has sent a clear message that Moscow's aggression won't go unanswered. But the harshest sanctions may be kept in reserve as a deterrent to even greater escalation.
Germany halted certification of the Nord Stream 2 pipeline on Tuesday, the most forceful move taken so far to impose economic and financial penalties on Russia since President Vladimir Putin recognized two parts of eastern Ukraine as independent and ordered his troops into the breakaway territories.
The United States and the European Union have announced limited sanctions, and officials say that further measures will be announced later Tuesday. Western countries are not likely to deploy their own troops to Ukraine, making sanctions the best tools to punish Moscow — and deter further aggression.
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Lower-income Americans are likely to feel the brunt of the unprecedented tariffs President Donald Trump has set in motion.
Tariffs have dominated headlines since President Donald Trump took office just over two weeks ago, as he threatened steep, sweeping tariffs on goods the United States imports from its three largest trading partners — Mexico, China and Canada — on Tuesday.
Beijing announced tariffs on Tuesday on some American imports including originating crude oil, agricultural machinery and liquefied natural gas in a move that coincides with the Trump administration’s imposition of 10% tariffs on Chinese imports into the United States.