title: Trump Threatens Secondary Tariffs on Russian Oil Amid Growing Tensions

Former President Donald Trump expressed strong frustration with Russian President Vladimir Putin in a recent interview, threatening to impose secondary tariffs on Russian oil if a peace deal with Ukraine isn't reached.

Former President Donald Trump threatened to impose secondary tariffs on Russian oil and restrict U.S. trade with countries buying Russian oil in an interview with Real Clear Politics.

The threat comes amid growing tensions between Russia and Ukraine, with peace talks yet to yield any results.

Trump expressed strong displeasure with President Vladimir Putin’s remarks suggesting a change in Ukrainian leadership, warning that such comments would scuttle any peace efforts.

“If they don’t want to make peace, and if Russia is pouring in and causing all of this destruction, then I would put a 25 to 50 percent tariff on all of the oil that comes from Russia,” Trump stated.

This move would also target countries buying Russian oil, such as India and China, which could face restrictions on doing business with the United States.

This escalation in tariffs could have a significant impact on the global oil market, especially considering Russia's position as one of the world’s largest oil producers.

Global Impact of Trump’s Tariffs

The secondary tariffs are likely to increase global oil prices and contribute to inflationary pressures.

Data for March showed Russian crude exports at a five-month high, while American sanctions on Russia’s tanker fleet have largely been ineffective.

However, analysts like Giovanni Staunovo, an analyst at UBS Group AG, noted that mere threats may not be enough to spark a lasting price increase. Real disruptions would be needed to drive prices higher.

Trump’s proposed secondary tariffs could have wider implications for the global energy market, particularly for countries dependent on Russian oil.

With escalating geopolitical risks and inflation concerns, the situation remains fluid. How the U.S. handles this escalating tension will influence global oil markets and broader economic stability.