A slump in Russian stocks adds turbulence to an economy already suffering from sanctions imposed due to Vladimir Putin's invasion.

The Trump administration says sanctions imposed on Moscow mean the U.S. does little trade with Russia, but questions persist about the motivations.

Authorities in Moscow criticized U.S. President Donald Trump’s sweeping new tariffs on Wednesday, accusing him of disregarding international trade rules and raising concerns about the risk of a global trade war.

Trump defended the tariffs he imposed on other nations but acknowledged some problems with the rollout in a meeting with his Cabinet, "but in the end it's going to be a beautiful thing." Meanwhile, the White House raised the tariffs on all Chinese exports to 125% after Beijing's latest round of retaliation -- that's in addition to the 20% fentanyl-related tariffs imposed in early February,

Questions are emerging about President Trump's timing on his tariffs pause announcement. This comes as more details emerge about an apparent U.S.-Russia prisoner swap that led to Ksenia Karelina's release.

China says the U.S. is using tariffs to "seek selfish gains." President Donald Trump on Thursday said he would return to the higher tariff rates announced last week if he can't reach a deal with trading partners during the 90-day pause he announced on Wednesday.

The lower revenues, a result in part of President Trump’s trade war, could prove more damaging to the Russian economy than the penalties the United States and its allies have already imposed.

President Donald Trump has launched tariff wars with almost all of America’s trading partners. And his track record of on-again, off-again new levies continued Wednesday with a 90-day pause for most nations targeted by the latest volley of import taxes.

Trump has paused the higher tariffs for most countries but still imposed a 10% baseline.