Trump has roughly bent the global trading system over the table by imposing duties on nearly the entire world. The consequences will be global. Counter-tariffs will be imposed on goods from the United States. Old supply chains will be broken, but new ones will form.
And what about us?Russia barely does any business with America anyway, or with the EU, for that matter: nearly all trade has been sanctioned. But we are still developing, and at a decent pace: for the first quarter of 2025, growth stands at about 3%. So, no need for knee-jerk reactions. According to Lao Tzu’s immortal advice, we should take a seat on the shore and wait for the enemy’s corpse to float by. In this case, the decaying corpse of the EU economy.
Medvedev
Or better yet, “Grab the Popcorn!”
WtR
PS: Talked about tariffs here…