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“I used trade for a lot of things, but it’s great for settling wars”, President Trump has said
Despite being the world’s most sanctioned country, Russia has continued to use its vast energy wealth to bankroll its war in Ukraine.
US President Donald Trump is hoping to change that. He has announced that sweeping new secondary tariffs will impact any country still trading with Russia if a ceasefire with Ukraine is not agreed by Friday 8 August.
Secondary tariffs would see goods from any country that trades with Russia face a 100% tax when they are imported into the US.
Oil and gas are Russia’s biggest exports, and Moscow’s biggest customers include China, India and Turkey.
“I used trade for a lot of things, but it’s great for settling wars”, said Trump last month.
This would not be the first time the Trump administration has imposed secondary tariffs, which are also in place…
