The White House excluded Russia from President Trump’s recently announced global tariff plan due to ongoing peace negotiations regarding the war in Ukraine, according to National Economic Council Director Kevin Haslett.
On 2 April, President Trump a sweeping 10% tariff on imports from all countries, with higher rates for specific nations: 34% for China and 20% for the European Union. The plan also includes the 10% tariff on Ukrainian goods.
These measures aim to address perceived trade imbalances and stimulate US manufacturing. However, they sparked global concerns about potential inflation and the risk of trade wars.
During an ABC News broadcast, Haslett the administration’s decision, stating that President Trump chose “not to mix these two issues” while delicate negotiations are underway.
When pressed about the apparent inconsistency of exempting Russia while imposing tariffs on US allies, including Ukraine, Haslett defended the decision by emphasizing the critical nature of the peace talks.
0 Comments