Trump Threatens Oil Tariffs Amidst Zelensky Credibility Dispute
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White House responds to Putin’s Remarks on Ukrainian Leadership
President Donald Trump has expressed strong disapproval of recent comments made by Russian President Vladimir Putin regarding the credibility of Ukrainian President Volodymyr Zelensky. In an interview aired Sunday, March 30th, Trump stated he was very upset
and furious
about Putin’s remarks and plans to address the issue directly wiht him soon.
Potential Economic Repercussions: Oil Tariffs on the Table
The core of the disagreement stems from Putin’s suggestion on Friday regarding the potential establishment of a transitional government in Kyiv, effectively sidelining Zelensky. This proposal has been met with resistance from the White house, leading to the threat of economic sanctions. Specifically, President Trump is considering imposing tariffs on Russian oil if progress towards a ceasefire in Ukraine remains stalled.
If Russia and I do not manage to conclude an agreement to put an end to the bloodbath in Ukraine, and if I think it is indeed the fault of Russia – which may not be the case – but if I think it is Russia’s fault, I will impose secondary prices on oil, all over the oil from Russia.
Trump elaborated on the potential tariffs, stating they could reach 25% on oil and other Russian products sold in the United States. According to reports, these tariffs could be implemented within a month if a ceasefire agreement is not reached. This move could significantly impact the global energy market, especially considering that Russia is one of the world’s leading oil exporters. According to the U.S. Energy Facts Governance (EIA), Russia exported an average of 5 million barrels of crude oil per day in 2024.
balancing Diplomacy and Deterrence
Despite the strong words and potential economic actions, President Trump downplayed any lasting damage to the relationship between the United States and Russia. He acknowledged that Putin was aware of his displeasure but maintained that they still have very good relations.
He added,Anger dissipates quickly… if it acts as it should.
The US administration has prioritized ending the conflict in Ukraine, leading to increased engagement with Moscow in recent weeks. Though, this rapprochement has raised concerns among Ukrainian and European allies, who fear a potential agreement that could compromise their interests.
Ukraine’s Viewpoint: Calls for Increased Pressure
President Zelensky has expressed concerns that Russia has not adequately responded to American initiatives, attributing this to a lack of real pressure.
Kyiv had previously accepted an unconditional 30-day ceasefire, which was reportedly rejected by Moscow. While Russia has agreed to a limited moratorium on attacks targeting energy sites, both sides continue to accuse each other of violations.