Trump’s duties against Russian Federation’s trading partners talked about – Reuters

US president Donald Trump, most likely, will not introduce the promised 100 percent duty against states to buy Russia’s oil, as the introduction of such duties may increase inflationary pressure, causing significant economic consequences. Reuters reported this Friday, July 25th.

The agency remembers the cases when Trump threatened similar measures against Venezuelan oil buyers, but eventually he did not realize his intentions.

Experts are expressing doubts about the effectiveness of the second role against Russia. Fernando Ferreira, director of geopolitical risks to the Rapidan Energy Group, emphasized that such steps can get more than 4.5 million barrels per day. Not only will it cause oil prices to increase, but also harm US trade relations in a number of countries, creating stress in the global economy.

Glue Sigl, a senior researcher at the Center for Strategic and International Studies, adds that such roles can significantly reduce global oil supply and increase prices. However, he, like the other analysts, hesitated that Trump was ready to take this step. The US president aims to prevent high oil prices due to their negative economic impact.

Sigl also emphasized that Trump prefers bilateral agreements and avoid actions that may limit his freedom to maneuver during the negotiation. In this context, the introduction of duties may not adapt to his administration’s approach.

Earlier it was reported that US president Donald Trump expressed support for the bill, providing for the introduction of 500% of duties in importing goods from countries that continue to trade with Russia despite this entire war against Ukraine.