Overview

• President Trump has given Russia 50 days to agree to a Ukraine ceasefire or see 100% secondary tariffs on any country importing its oil.
• Senators Lindsey Graham and Richard Blumenthal are pushing a bipartisan bill that would impose up to 500% duties on goods from nations buying Russian energy, pending White House support.
• Experts at the Center for Strategic and International Studies and Rapidan Energy Group caution that full tariff enforcement could drive crude above $100 a barrel and U.S. gasoline past $4 a gallon.
• Analysts including Nicholas Fenton and Fernando Ferreira highlight significant diplomatic and logistical hurdles that could undermine the credibility and practicability of secondary tariffs.
• Former Deputy Treasury Secretary Wally Adeyemo says rolling back renewable energy tax credits will leave U.S. consumers more exposed to global oil shocks and weaken a key national security tool.