(CNN) โ President Donald Trump is barreling toward a self-imposed April 2 deadline for sweeping tariffs and is threatening additional ones on foreign adversaries this weekend even as heโs expressed openness to making deals.
Trump has cast April 2 as โLiberation Day,โ promising reciprocal tariffs on an unspecified number of countries, as well as 25% tariffs on automobiles and car parts.
But he also warned of additional tariffs on US adversaries Russia and Iran in a phone interview with NBC Newsโ Kristen Welker over the weekend.
The president openly aired grievances toward Russian President Vladimir Putin in the interview.
โI was very angry โ pissed off โ when Putin started getting into Zelenskyโs credibility, because thatโs not going in the right location, you understand?โ Trump told Welker, referring to the Russian leaderโs comments last week suggesting Ukraine be put under a โtemporary administrationโ while the two nations work toward a deal.
He continued, โBut new leadership means youโre not gonna have a deal for a long time, right? โฆ But I was pissed off about it. But if a deal isnโt made, and if I think it was Russiaโs fault, Iโm going to put secondary sanctions on Russia.โ
Trumpโs sharply critical tone on Putin stands in stark contrast to his own words on Ukrainian President Volodymyr Zelensky and Trumpโs calls for elections in the war-torn country. He told Welker that Putin is aware he is angry.
Trump warned that failure to reach a deal could result in secondary tariffs.
โIf Russia and I are unable to make a deal on stopping the bloodshed in Ukraine, and if I think it was Russiaโs fault, which it might not be, but if I think it was Russiaโs fault, I am going to put secondary tariffs on oil, on all oil coming out of Russia,โ he said.
Trump didnโt provide further explanation on how he would implement those secondary tariffs.
The White House announced an agreement last week for Russia to stop using force in the Black Sea when sanctions on its banks and exports over its invasion of Ukraine are lifted. That fell far short of a 30-day full ceasefire initially proposed by the White House.
Asked whether he would talk to Putin this week if the Russian leader โdoes the right thing,โ Trump said, โYeah.โ
In the same interview, Trump indicated he is โconsidering putting on secondary tariffs on Iran โฆ until such time as a deal is signed.โ
During his first term, Trump pulled the US out of a 2015 nuclear deal between Iran and world powers, a pact that imposed strict limitations on Tehranโs contentious nuclear program in exchange for sanctions relief. On Sunday, Iranian President Masoud Pezeshkian said the Islamic Republic rejected direct negotiations with the US on its nuclear program.
Still, the US has already imposed steep sanctions on Iran and does minimal trade with the country.
The president has previously conceded that his forthcoming tariffs could lead to some economic disruption, and his top economic advisers sought to downplay the uncertainty and economic impact of the Wednesday announcements.
National Economic Council Director Kevin Hassett declined to say how many countries would be targeted for reciprocal tariffs, and suggested Sunday that the plans remain fluid.
โPresident Trump is going to decide how many countries,โ Hassett said during an appearance on Fox Newsโ โSunday Morning Futuresโ with Maria Bartiromo.
Hassett appeared to indicate that the president has not made any final decisions.
โPresident Trump has a long-run vision of the golden age of America, and weโre working really, really hard to get it out there in time. But I canโt give you any forward-looking guidance on whatโs going to happen this week. The president has got a lot of analysis before him, and heโs going to make the right choice,โ Hassett said.
Trump, meanwhile, indicated some openness to negotiation, telling Welker, โOnly if people are willing to give us something of great value. Because countries have things of great value.
Otherwise, thereโs no room for negotiation.โ
On Friday, Trump told reporters aboard Air Force One that any deals would likely happen after the tariffs are announced.
The president has long believed in the use of tariffs โ and the threat of tariffs โ as a key negotiation tool. But the back-and-forth on tariffs earlier this month rocked markets, fueling anxiety and uncertainty for American businesses and consumers.
Peter Navarro, the presidentโs senior counselor for trade and manufacturing, dismissed concerns about rising prices for consumers.
โTariffs are tax cuts, tariffs are jobs, tariffs are national security, tariffs are great for Americans. Tariffs will make America great again,โ he said during an appearance on โFox News Sundayโ with Shannon Bream.
CNN has reported that Americans wonโt necessarily feel the full effects of tariffs immediately but that the import taxes could raise prices of just about everything, especially given that over 40% of the goods America imported last year came from the nations Trump targeted.
Bream pressed Navarro on concerns that the tariffs will show up in everyday costs. He pointed to money raised from auto tariffs that will support tax cuts, promising โthe biggest tax cut in American history for the middle class.โ
โHolistically, as they say, consumers and Americans are going to be better off, including all the jobs they get,โ he said.
Pressed once more about polling that reflects the overall belief that tariffs will make products more expensive and Trumpโs own assertion that tariffs could lead to โsome disruption,โ Navarro said they should โtrust in Trump.โ
โTrust in Trump. We have the example from the first term. We know that we imposed historically high tariffs on China. We imposed aluminum and steel tariffs. We imposed on washing machines, on solar. โฆ All we got out of that was prosperity and price stability.
And the reason why weโre not going to see inflation is because foreigners are going to eat most of it. They have to,โ he said.
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