Under the Trump Team’s Formula, Russia Should Have 77 Percent Tariffs, But Instead It’s Only 35 Percent

Let’s be exceptionally clear. While the amount of trade between the U.S. and Russia is significantly lower than it was before the war, it is not nonexistent. In 2024, the U.S. sent $526.1 million to Russia, and the U.S. imported $3 billion in goods from Russia.

That’s according to the Office of the U.S. Trade Representative, and that’s with an existing 35 percent tariff on Russia.