Ukrainecast Secondary tariffs explained: can they hurt Russia?
Jul 22, 2025
Stephanie Baker, a senior writer at Bloomberg News and author of ‘Punishing Putin’, dives deep into the potential impact of U.S. secondary tariffs on Russia. She breaks down how these measures could reshape international trade dynamics, particularly in light of ongoing peace talks. The discussion also highlights the grim realities faced by 1.6 million Ukrainian children living under Russian occupation, including forced indoctrination and military education. Baker provides insights into the complexities of sanctions and their role in the geopolitical landscape.
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Trump's Secondary Tariff Threat
- Trump's 100% secondary tariff threat targets countries buying Russian oil, not Russia directly.
- Such tariffs could raise costs for these countries but may be unlikely to be fully implemented.
More Effective Sanctions Options
- Full blocking sanctions on Russia's state-controlled oil companies could force buyers to reconsider purchases.
- Targeting banks and refiners in China and India would be more precise and impactful.
Sanctions Must Target Oil Revenues
- Sanctioning Russian oil revenues is key to weakening Putin's war funding.
- Price caps and partial sanctions have had limited enforcement and impact so far.
