Meeting With Putin A 'Big Deal', Will Judge Outcome Within Two Minutes: Donald Trump

"I would like to see a ceasefire. I would like to see the best deal that could be made for both parties," he expressed optimism about the meeting.

President Donald Trump speaks with reporters in the James Brady Press Briefing Room at the White House, Monday, Aug. 11, 2025, in Washington. (Source: PTI)

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  • US imposed a 50% tariff on countries buying Russian oil, impacting Russia's economy
  • Trump will meet Putin in Alaska to explore a peace deal before talking to Zelensky
  • Trump claims Russia's economy suffers due to US tariffs and ongoing conflict

The United States President Donald Trump noted that US imposition of a 50% tariff on countries buying oil from Russia had a significant impact on Russia's economy.

While, addressing the White House briefing on Monday ahead of his Friday summit with Russian President Vladimir Putin in Alaska, Trump noted that he will know within the first two minutes of his meeting with Putin whether a deal can be struck. According to him, meeting with Russia is a 'big deal.'

"I would like to see a ceasefire. I would like to see the best deal that could be made for both parties," he expressed optimism about the meeting.

Trump said that he's meeting with Putin to see what the parameters of a peace deal could be before he speaks with Ukrainian President Volodymyr Zelensky and European leaders.

"I'm going to meet with President Putin and we're going to see what he has in mind, and if it's a fair deal I'll reveal it to the European Union leaders and to the NATO leaders and also to President Zelensky," Trump said, noting that he'll call Zelensky first "out of respect." 

Trump noted, "I will be calling the European leaders. They're tired of the Russia-Ukraine war. They want to get back to spending money on their countries. They want to get back to building their own countries. They want it resolved."

Also Read: Trump Extends China Truce For 90 Days, Averting Tariff Hike

Russia's Economy 'Not' Doing Well

"I do. Russia has a very valuable piece of land. If Vladimir Putin would go toward business instead of toward war, you know, it's a warring nation. That's what they do. They fight a lot of wars. A friend of mine said Russia is tough because they just keep on fighting," Trump said, on if he sees a time when there could be normal trade between the US and Russia.

Trump attributed the current state of Russia's economy to the ongoing conflict, noting that the US imposition of a 50% tariff on countries buying oil from Russia had a significant impact. "Their economy is not doing well right now because it's been very well disturbed by this. It doesn't help when the President of the United States tells their largest or second-largest oil buyer that we're putting a 50% tariff on you if you buy oil from Russia. That was a big blow."

Trump claimed he was prepared to take further action but received a call from Putin. "I haven't stopped there. I mean, look, I was all set to do things far bigger than that. But I got a call that they'd like to meet, and I'm going to see what they want to meet about."

Also Read: Trump Says Gold Imports Won't Be Tariffed In Reprieve For Market

Trump Blames Biden For Russia-Ukraine War

The US President also expressed his views on the Ukraine conflict, stating, "This war wouldn't have happened if I were president. This is Joe Biden's war. This is not my war." He plans to urge Putin to end the war, saying, "So I'm going in to speak to Vladimir Putin. And I'm going to be telling him, you've got to end this war. And he wasn't going to mess with me."

"There are a lot of European leaders, and they rely on me very much. If it weren't for me, this thing would never get solved until the last person breathing is dead. It's going to be a good meeting, and we'll go a step further. We'll get it done. I'd like to see a ceasefire very, very quickly. I'd like to see it immediately," he added.

"The next meeting will be with Zelensky and Putin, or Zelensky and Putin and me. I'll be there if they need me, but I want to have a meeting set up between the two leaders," he added.

Also Read: Soybeans Jump As Trump Urges China To Quadruple US Buying

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