President Trump's recent tariff announcement notably excluded Russia, as U.S.-Russian trade has been hampered by sanctions following the 2022 invasion of Ukraine. However, trade continues, with Russia exporting approximately $3 billion in goods to the U.S. last year. This strategic omission raises questions about whether Trump is using tariffs as a geopolitical tool in ongoing negotiations with Putin. Moreover, Trump's differentiated tariff approach with other countries, like lower levies on Iran, indicates a calculated decision-making process linked to diplomatic efforts.
"Moscow was spared because sanctions imposed on the country after its full-scale invasion of Ukraine in 2022 mean that U.S.-Russian trade had effectively stopped."
"Mr. Trump recently threatened to impose tariffs on buyers of Russian oil, a trade that is the lifeline of the country's war machine, if President Vladimir V. Putin did not cooperate with U.S. efforts to broker a cease-fire in Ukraine."
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