President Donald Trump says he is “angry” from Russian President Vladimir Putin and is ready to consider “secondary tariff” on Russian oil if it is not possible to reach a peace agreement with Ukraine.
Trump expressed his frustration on the phone interview With NBC News on Sunday, saying he was “very angry” about Putin’s comments that hinted at the replacement of President Voludmir Zelinsky in Ukraine.
He said that if a new leadership appears in Ukraine, “you will not have a deal for a long time, right.”
Trump stated, “I was angry at it. But if a deal was not made, and if I think this was Russia’s mistake, I will put secondary sanctions on Russia.”
He explained that it means sanctions on “all oil comes out of Russia.” He is also planning to speak with Putin this week.
Russia is among the major oil producers in the world. Any attempt to reduce Russian oil sales can affect the entire market and increase global inflation. India and China, which has bought a lot of Russia’s supplies since the comprehensive invasion, will be particularly pressured.
Trump said that if a deal is not reached to stop the bloodshed, and if he believes that Russia will utter a blame, it will impose secondary fees on oil. He explained: “There will be a 25 % tariff at all-on all oil, and a tariff of 25 to 50 points on all oil,” and countries that buy Russian oil may face restrictions on business in the United States.
Last week, US officials said that Ukraine and Russia agreed to the Black Sea truce as part of Trump’s efforts to end the war. Both sides stopped for 30 days on strikes against power sites. Ukraine agreed to honor the ceasefire immediately, while the Kremlin demanded sanctions against the Russian Agricultural Bank and other financial bodies that deal with trade in food and fertilizers.
March data showed Russian crude exports, which includes the highest level in five months. Meanwhile, US sanctions on the Russian carrier fleet appear less effective. Some analysts believe that the new Trump threats can push oil prices up, given the sizes at stake. “In the past, real prices have been taken at a constant height,” Giovanni Stonovo, a commodity analyst at the UBS AG group, has taken real price disturbances, so the conversation alone may not cause a permanent boom.
Trump recently adopted new economic tactics
Trump has made a plan to impose a secondary tariff on countries that buy oil from Venezuela. This threat, which is contained in an executive order, warns that anyone importing Venezuelan oil faces a 25 % tariff for trade with the United States. Venezuela is already subject to heavy American sanctions, and Trump said he was responding to “tens of thousands of high level, and other criminals” accused Venezuela of sending to the United States.
Besides Venezuela, Trump also said that he may punish Iran with secondary tariffs and spoke of Iran’s bombing to give up nuclear weapons. He told NBC: “If they do not have a deal, there will be a bombing,” he told NBC.
This warning was included in a letter to Iranian Supreme Leader, Ali Khamnai, which gave Iran two months to negotiate a new nuclear agreement. Trump has already mentioned that he could “go military” if this is what is necessary to prevent Iran from obtaining nuclear weapons.
President Masoud Bizishian said on Sunday that Iran replied that it would not take place direct talks with the Trump administration, although indirect contacts are possible.
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