Trump's tariffs list is missing one big country: Russia

President Trump unveiled tariffs of at least 10% Wednesday on virtually the entire world, with one notable exception: Russia.The intrigue: Press Secretary Karoline Leavitt told Axios Wednesday that Russia was left off because U.S. sanctions already "preclude any meaningful trade." However, the U.S. still trades more with Russia than with countries like Mauritius or Brunei that did make Trump's tariffs list.Even remote island territories like Tokelau (pop. 1,500) in the South Pacific and Svalbard (pop. 2,500) in the Arctic Circle — territories of New Zealand and Norway, respectively —were listed for tariffs. However, Leavitt noted that Cuba, Belarus and North Korea were also not included because existing tariffs and sanctions on them are already so high.Breaking it down: The value of U.S.-Russia trade plummeted from around $35 billion in 2021 to $3.5 billion as of last year due to sanctions imposed over Russia's invasion of Ukraine. Russia has asked Trump to lift some of those sanctions as part of the U.S.-mediated ceasefire talks, which have largely stalled.Trump threatened Russia with secondary tariffs on oil earlier this week. He also said he was "pissed off" at Russian leader Vladimir Putin over his recent comments about Ukraine.Leavitt noted that Russia could still face "additional strong sanctions." Worth noting: The other two major economies excluded from Trump's otherwise exhaustive list were Canada and Mexico. Leavitt confirmed that was because Trump already imposed 25% tariffs on both.Go deeper: Putin's envoy to visit Washington for talks on Ukraine

President Trump unveiled tariffs of at least 10% Wednesday on virtually the entire world, with one notable exception: Russia.The intrigue: Press Secretary Karoline Leavitt told Axios Wednesday that Russia was left off because U.S.

sanctions already "preclude any meaningful trade." However, the U.S.

still trades more with Russia than with countries like Mauritius or Brunei that did make Trump's tariffs list.Even remote island territories like Tokelau (pop. 1,500) in the South Pacific and Svalbard (pop.

2,500) in the Arctic Circle — territories of New Zealand and Norway, respectively —were listed for tariffs. However, Leavitt noted that Cuba, Belarus and North Korea were also not included because existing tariffs and sanctions on them are already so high.Breaking it down: The value of U.

S.-Russia trade plummeted from around $35 billion in 2021 to $3.5 billion as of last year due to sanctions imposed over Russia's invasion of Ukraine.

Russia has asked Trump to lift some of those sanctions as part of the U.S.-mediated ceasefire talks, which have largely stalled.

Trump threatened Russia with secondary tariffs on oil earlier this week. He also said he was "pissed off" at Russian leader Vladimir Putin over his recent comments about Ukraine.Leavitt noted that Russia could still face "additional strong sanctions.

" Worth noting: The other two major economies excluded from Trump's otherwise exhaustive list were Canada and Mexico. Leavitt confirmed that was because Trump already imposed 25% tariffs on both.Go deeper: Putin's envoy to visit Washington for talks on Ukraine.