President Trump has threatened 100% tariffs on countries purchasing Russian oil, primarily targeting India and China, to force Russia into peace negotiations with Ukraine. Economic analysts warn these secondary tariffs would backfire on the US economy by increasing consumer goods prices, reducing profit margins for American companies, and potentially driving up global oil prices. The US imported $526 billion in goods from India and China last year, meaning tariffs could significantly impact everyday products like electronics. Reducing Russian oil flows could disrupt global markets, as Russia accounts for 13.5% of China’s and 36% of India’s crude imports. Experts suggest lower tariff levels (10-30%) might be more feasible than the threatened 100% to avoid severe economic self-harm.
Trump’s ‘secondary tariffs’ aimed at Russia would hurt America’s own economy
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