Russia, Donald Trump and Oil prices
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Russia escaped Trump’s tariffs, but it could still suffer if the price of oil, the Kremlin’s economic lifeline, falls.
From The Washington Post
Trump said Wednesday he will pause reciprocal tariffs for 90 days to more than 75 U.S. trading partners except for China, whose tariff rate he said will increase to 125%, effective immediately.
From USA Today
China's Ministry of Finance announced Friday that Beijing will increase tariffs on all U.S. goods from 84% to 125%, in response to the U.S. "imposition of abnormally high tariffs on China."
From ABC
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Trump, tariffs
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It is unclear whether Trump is introducing tariffs to raise revenue and protect American industry, or as a way of getting countries to do what he wants them to do.
From BBC
In the aftermath of this week's tariff whiplash, President Donald Trump is deciding exactly what he wants out of trade talks with as many as 75 nations in the coming weeks.
From U.S. News & World Report
Trump’s recent sweeping tariff package included 10% on Argentina, though on Wednesday he announced a 90-day pause on the tariffs for most countries except China — whose tariffs he raised to 125%.
From Houston Chronicle
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While President Trump has previously praised Putin, he said he was “pissed off” at the Russian president this week for seemingly slow-walking a possible peace deal by suggesting a UN-run transitional government be installed in Ukraine.
President Donald Trump said he’s “pissed off” at Russian President Vladimir Putin and would consider “secondary tariffs” on Russian oil if a ceasefire with Ukraine can’t be reached, NBC News reported.
I’m going to put secondary sanctions on Russia,” Trump told NBC, saying he meant “all oil coming out of Russia.” He said he plans to speak to Putin this week. Russia is one of the world’s three largest oil producers, meaning any attempt to punish ...
11don MSN
Trump said he was very angry after Putin last week criticized the credibility of Ukrainian President Volodymyr Zelenskiy's leadership.
Kremlin spokesman Dmitry Peskov has admitted officials were closely monitoring what he described as an "extremely turbulent, tense" situation.
10d
The Kyiv Independent on MSNTrump again threatens oil tariffs against Russia if peace deal not reachedU.S. President Donald Trump threatened on March 31 to impose secondary tariffs on Russian oil exports if Russian President Vladimir Putin does not "make a deal" to end the war in Ukraine. "I want to see (Putin) make a deal,
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essanews.com on MSNTrump's trade policies backfire, intensifying Russia's economic woesDonald Trump's trade policy is causing Russia significant economic problems instead of aiding it. The decline in oil prices and the ruble depreciation threaten Russia's financial stability. The Kremlin attempts to minimize these effects,
Legislation from two U.S. senators from both parties introduced on Wednesday establishes a fund to enforce sanctions on the so-called ghost fleet of tankers Russia relies on to carry oil to avoid Western sanctions over its war on Ukraine.