Trump might consider 500% tariffs on Russian oil
April 27, 2025
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9:04Now PlayingTrump might consider 500% tariffs on Russian oil
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as posted by the channel“Devastating sanctions would take oil from the global market and that, in turn, would inflict pain on European and US consumers.”
Russian exports account for 10% of global oil production and any major ‘secondary sanctions’, threatened by Donald Trump last night on Truth Social, would severely impact prices in the West, says Stephanie Baker, Bloomberg senior writer and author of Punishing Putin.
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