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.
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.
Trump said he was “very angry” about Putin’s recent comments suggesting ways to install new leadership in Ukraine and sideline President Volodymyr Zelenskyy, NBC reported, citing a phone interview with Trump on Sunday. New leadership in Ukraine means “you’re not going to have a deal for a long time, right,” he said.
“I was pissed off about it. But if a deal isn’t made, and if I think it was Russia’s fault, 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 purchases of Russian supplies could have a far-reaching effect on the oil market, and any disruptions could add to inflationary pressures.
India and China, which have become the key buyers of Russian barrels since Moscow’s full-scale invasion of Ukraine, would face particular pressure.
