The U.S. Commerce Department has issued a clarification regarding former President Donald Trump’s recent remarks about potential economic measures against Russia. Authorities explicitly denied any consideration of imposing 100% secondary tariffs on Russia while explaining that Trump’s comments were intended to reference potential secondary sanctions targeting Russia’s cryptocurrency sector.
The clarification came in response to Trump’s earlier suggestion that 100% secondary tariffs could be imposed if no agreement was reached within 50 days. Commerce Department officials emphasized this statement specifically addressed sanctions concerning Russia’s crypto sector activities rather than tariffs. This official statement aims to clearly delineate the U.S. government’s position on the matter and prevent misinterpretation of policy intentions.