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

• 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