Trump threatens countries that do business with Russia with 100%tariffs. Here
By
Ramy Innocencio
Correspondent
Ramy Innocent is a foreign correspondent of News themezone based in London, which covers Europe and the Middle East. He joined the network in 2019 as a correspondent for Asia of News themezone, based in Beijing and reports in Asia-Pacific, bringing two decades of experience working and traveling between Asia and the United States.
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Trump “disappointed” with Putin, “not done”
More than a dozen countries in Asia to the Middle East and South America are potentially in the sight of President Trump if he goes on with his Threat to impose 100% tariffs on goods exported to the United States for their economic ties with Russia.
“We are going to make very severe tariffs if we do not have an agreement in 50 days, tariffs at approximately 100%,” Trump said Monday at the White House, establishing a new ultimatum and a deadline for Russia to accept a high fire to finish its completion of its high fire. War in Ukraine.
The encumbrances, he said, would apply as “secondary tariffs”, not directly directed to Russia, but designed to increase Moscow’s economic pain by pressing their commercial partners to stop buying or sell products in the energy, agriculture and weapons sectors with Russia.
China and India became the first and second largest importer of Russian oil in the world in 2023 after Western sanctions against Moscow were imposed in response to their invasion of Ukraine in 2022. The upper position had been previously held by the European Union of 27 nations.
China and India, the two largest economies in Asia, now collectively import 85% to 90% of maritime crude oil sold by energy companies managed by Russia, which constitute most of its total exports.
After launching its large -scale invasion in February 2022, prices renegotiated by the Kremlin with its commercial partners, offering pronounced discounts on Russian oil compared to the American and European crude. The NATO member, Türkiye, is another important importer of Russian oil and natural gas.
In the Middle East, the United Arab Emirates, although they are not an important energy importer, serves as a financial center for International Russian oil trade. Dubai is also a safe shelter for the Russian capital and the oligarchs.
In South America, Brazil agricultural power is the largest buyer of Russian fertilizer products, crucial to support its soy, sugar and coffee exports.
Vietnam and Thailand, who try to maintain diplomatic non-alignment in the Russian-Ukraine War, leaving them trapped in a delicate act of balance between their eastern and western commercial partners, have interests of oil, natural gas, defense and tourism with Russia.
High Russian officials rushed to minimize the threat of secondary sanctions against their commercial partners, and reject Trump’s ultimatum as “unacceptable.”
The president’s comments also did not cause any immediate restlessness for Russian investors, possibly, since Trump left a 50 -day window for a new agreement to take shape, and as a Recent history to retreat from the previous tariff threats.
After Trump warned about possible 100% secondary tariffs, the Russian stock market increased 2.7%, and the value of Russian ruble was actually strengthened in relation to the dollar.
- India
- War
- Sanctions
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- Ukraine
- Donald Trump
- Porcelain
- Vladimir Putin
Ramy Innocencio
Ramy Innocent is a foreign correspondent of News themezone based in London, which covers Europe and the Middle East. He joined the network in 2019 as a correspondent for Asia of News themezone, based in Beijing and reports in Asia-Pacific, bringing two decades of experience working and traveling between Asia and the United States.