With a Friday deadline for Russia to agree to peace in Ukraine or have its oil customers face secondary tariffs, Trump has found a novel, but risky, use for his favorite trade tool.

Trump suggested that Russia’s economic potential is being wasted due to global pressures and U.S. tariffs. “Their economy is not doing well right now because it’s been very well disturbed by this,” he said, singling out India’s purchases of Russian oil.

President Donald Trump on Wednesday announced sweeping and substantial tariffs on India, one of America’s most important trading partners. In addition to a 25% tariff that is set to go into effect Thursday,