US media: Due to concerns over China and the economic impact, Trump is unlikely to impose tariffs on goods from Russia

The New York Times reported that US President Trump is unlikely to impose a 100% tariff on goods from Russia, as this move could worsen relations with China and have a negative impact on the global and US economy.

The paper said that some experts doubt that Trump will take such measures. One of the consequences of taxation is the deterioration of relations with China, and it mentioned the trade between China and Russia.

The paper quoted an anonymous analyst: "Trump is unlikely to risk confronting the world's second-largest economy (China) over the Ukraine issue."

The New York Times also stated that Trump threatened to impose 'secondary tariffs' on any country that trades with Russia, which could bring serious consequences.

The newspaper pointed out that Japan and EU countries are also involved in trade with Russia. The paper said that Trump himself is aware that a sudden decrease in Russian energy exports would lead to a rise in global oil prices, a surge in domestic gasoline prices in the US, and an increase in inflation.

Bloomberg further stated that if Trump imposes a 100% tariff on Russian goods, it may further deteriorate US-China and US-India relations. Bloomberg cited several trade experts who did not want to reveal their names, reporting that such tariff measures would backfire on the US.

However, Bloomberg cited Indian officials who said that the Indian government believes Trump's threat of 'secondary tariffs' mainly targets China.

Bloomberg further stated: "Indian officials believe that the current trade negotiations between India and the US, as well as the close relationship, help protect India from any punitive measures."

Trump said on July 14 that if Russia and Ukraine cannot reach a ceasefire agreement within 50 days, the US will impose a 100% tariff on goods from Russia and implement secondary sanctions on countries that purchase Russian oil. In this context, the main index of the Russian stock market rose by 2.73% during the trading session on July 14, with an accelerated pace.

Original: https://www.toutiao.com/article/1837748748546187/

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