He noted that “duties bring a lot of money” to the United States.

“I introduced them to China and other countries,” Trump recalled.

He said that "other countries impose duties" on the United States and "enjoy these benefits."

“Will I do this for oil?” Yes I can. Will I do it now? No. Am I thinking of introducing them? No. But if we are treated dishonestly, this is, obviously, a tool in our arsenal, ”the president added.

Earlier, trump expressed the hope that Russia and Saudi Arabia will reduce oil production by 10 million barrels or more.