Trump,s plan to punish buyers of Russian oil would hurt America’s own economy.

This week marks US President Donald Trump’s new deadline for his plan to compel Russia to make peace in Ukraine: hit countries still buying Moscow’s oil with fresh tariffs.

Trump’s foreign envoy Steve Witkoff will travel to Russia Wednesday before the deadline kicks in later this week, according to a White House official.

But if peace in Ukraine still looks remote and Trump goes ahead with his plan, the new cudgel could hit America’s own economy – through more expensive consumer goods, lower profit margins for American companies, and possibly higher oil prices, analysts told CNN.

“The punishment for those countries that continue to take big volumes of Russian energy… would also hurt the United States’ economy in a material way,” said Clayton Seigle, senior fellow in energy and geopolitics at the Center for Strategic and International Studies, a bipartisan US think tank.

The prospective tariffs “would lead to more inflation” in the US, as well as saddle American businesses with higher import costs, he said.