In Trump's long list of tariffs, there are striking "presences" and "absences." US President Donald Trump, who did not hesitate to impose tariffs on Israel, did not deal with Russia, North Korea or Belarus.
And if there's not much to say about North Korea and Belarus, Russia is not an economy with which the US has no relations...
The war in Ukraine and the heavy sanctions imposed by the Joe Biden administration have shrunk the trade balance between the two countries to unprecedented levels, but even under the current administration, the US had trade transactions of almost $3 billion last year. The United States mainly buys chemical fertilizers and platinum from Russia.
Donald Trump recently, for the first time since taking office, threatened new sanctions targeting Russian oil and gas, the source from which Moscow continues to draw momentum for its military operations in Ukraine. Trump’s threat may have been the first to be voiced against Russia, but it came after two ultimately fruitless phone calls to the Kremlin and two proposals for a ceasefire. Yesterday, Trump chose not to further engage Russia in a move that could involve a lot of diplomacy…
For the American president, yesterday was a day of redrawing the country's economic policy and a clear red line regarding his priorities. Beijing, as well as a host of key and long-standing US allies, received a "winning American trump card", a card that Trump did not want and did not need to play with those who currently have other kinds of differences, but also understanding. By refraining from imposing tariffs on Russia.
Trump, on the one hand, keeps open the possibility of immediately making his threat to Moscow a reality and in a way that will hurt more than a simple 10% increase, and on the other hand, he again sends a personal message to Vladimir Putin that he too must immediately make a move in the field of war that interests the American president.
It is also unlikely that Donald Trump has even thought about the purely practical part of the tariffs, since, as we have already mentioned, Russia massively exports fertilizers to the US and in the US president's narrative, it is beyond the automotive industry to "protect" farmers and livestock. Russia is the third largest US supplier in this area and with a continuous upward trend.