"America won the first Space Race, and we can do it again -- but only if we get government red tape out of the way," Transportation Secretary Sean Duffy said.
The sanctions target Russian officials, oligarchs, their family members, foreign persons, Russian banks and financial institutions and the Russian shadow fleet.
Trump dismissed fears that his tariffs could hurt the economy -- especially as affordability concerns have become a key issue of the upcoming midterm elections.
As the 2026 midterm elections approach, the National Republican Congressional Committee is knocking Democrats who have opposed President Donald Trump's tariffs.