How can Trump’s ‘Secondary Rate’ on Russia can deal with the global economy

Despite the world’s most approved country, Russia has used its huge energy wealth for the war in Ukraine.

US President Donald Trump hopes to change it. He is The new secondary rate broadly declared Until Friday 8th August, unanimous consensus with Ukraine will be affected by any country trading with Russia.

Any country in the secondary rates will be seen on the faces of Russia One 100% tax When they are imported to the United States.

Oil and gas are the largest exports of Russia, and the largest customers of Moscow include China, India and Turkey.

“I used the trade for many things, but it is good to erase the war,” Trump said last month.

This is not the first time the Trump administration has to impose a secondary rate, which is also to punish Venezuela oil buyers.

However, using them against Russia will have many major consequences for the global economy.

Only Saudi Arabia and the United States are the third largest oil manufacturer in the world in the world. But this year his shipment is falling down, according to A Bloomberg analysis Of ship-tracking data.

Kiran Tompeakins of Consultancy Capital Economics says, “The important channel that secondary rates on Russian energy buyers can affect the global economy.

If the rates are working, they will reduce Russian oil and gas in the global market.

And with low supply, prices may rise when Russia launches full-time invasion of Ukraine in 1. This has increased inflation worldwide. President Trump says he is not worried because of the production of US oil.

Mr. Tompeakins mentioned that at this time, there are other reasons for indicating the impact on prices.

He explains that “the current background is where the OPK+ (in large oil producing countries and its associate group) has the significant ability to pay attention.”

Russia has created an entire system to avoid existing approval, which can be useful for helping your business partners to avoid the risk of a risk by Trump.

For example, its so -called “shade flete” – with hundreds of tankers with vague ownership – can be used to hide the roots of exported Russian oils and gas.

Colombia University’s US expert Richard Putin says, “Approval maintenance is the only job to apply for the first time.”

“The reason for the approved part of the party has taken steps to prevent them.”

India is the second largest buyer of Russian oil due to full-time invasion of Ukraine in the 5th, According to the research center of energy and clean air??

“They are fueling the war machine. And if they are doing it, I will not be happy,” President Trump told us to the outlet CNBC on Tuesday.

If secondary approval is implemented, when American companies buy goods from India, they will have to pay 100% import tax – or rates when they reach the US edge.

The idea is that this is so expensive that the American businesses will choose to buy cheap elsewhere, resulting in India’s revenue will be lost.

Because of this, India will be prevented from buying Russian oil. And if Russia was unable to sell its oil elsewhere, if other countries face the same situation, it would have less cash to finance the war in Ukraine.

As a result of new secondary rates, one of the Americans to experience more prices is to buy mobile phones from India.

US Firm Apple Pal is moving most of its iPhone The production of India – Production of handset that is especially to be sold in the United States.

If these products are subject to new rates, the prices of American customers may double. Because the rates are paid by the goods importing companies, and those companies increase their costs to their customers, most of all passes.

As part of President Trump’s broader trade shake-up, the US imports of the United States have faced 25% at a rate of 25% and told the CNBC that the number could be increased “very”.

The Indian government has accused the United States of double standards by pointing to the continuous trade with Russia in Washington.

Most of that trade was made by US imports, which was more than $ 3 billion ($ 2.2 billion) last year – though it is only 10% of the 2021 levels.

The trade is dominated by the US purchase of raw materials for nuclear energy and fertilizers. Russia is a major global supplier of both.

China is buying the most Russian oil, and President Trump’s decision to impose a secondary rate on Chinese goods will be more challenging.

Because China’s imports from China have been priced at five times over India, and many of them are consumer goods such as imported toys, clothing and electronics.

The secondary rates for the purpose of Beijing will also be very disturbed Extension Trump has been pursuing Trump since his first tenure between the world’s two largest economies.

Simon Evennet, a business expert professor of IMD Business School, says, “This type of super-heeled Chinese is unlikely to affect Chinese.”

He explains that it would be “very difficult” to peel the Chinese away from the Russians, because how closely the President XI and Putin Have worked together In recent years.

On the contrary, the last time Trump tried to use a triple -akdi rate against China, they found it not working – because he almost reduced all trade between the two countries.

Another movement like this may add to the US inflation pressure, which has promised Trump to work for a long time.

In China, a large number of manufacturing employment can also be spent, when its economy is already struggling on many fronts.

The analysis of Finland-based Research and Clean Air shows that EU and Turkey are still one of the largest Russian energy buyers.

Earlier, the first export destination for the European Union Russia was the destination, though it has been greatly reduced since Ukraine’s full-fledged invasion. Brussels recently agreed to buy a lot of More energy from the United StatesBut some imports from Russia have some imports.

In June, European Commission President Ursula Fon Deer Lane, Confessed to the problemWhile planning to end imports by the end of 2027, “Russia has repeatedly tried to put weapons on its energy supply”.

US-IU trade relationship is the largest in the world and this pair has just spoken to new trade terms Which will apply 15% on most EU exports in the United States.

A lot in eu Criticized that agreementThe rates say that European exporters have been harmed.

Now they are also afraid that the secondary approval on the Eu can harm even more. By adding 100% rate to buy Russian energy, the European Union could significantly reduce the amount of goods sold to the United States.

However, the largest vendors include pharmaceuticals and machinery, which can be difficult to resort to elsewhere – that is, Americans have no choice but to pay more.

Russia’s own economy has been remarkable so far since the full-time invasion of Ukraine has started and has increased 4.3% last year.

However, the Minister of Economy Maxim Risetanikov Recently alerted warning After the period of “overheating”, the country was “on the edge” of the recession. The International Monetary Fund (IMF) is estimated to be only 5.9% this year.

If the secondary approval is successful in reducing the demand for export, they will bring Russia closer to the recession.

It is difficult to know the exact impact of the war on Russia’s economy, as Moscow has banned a large number of financial data from being fully attacked with oil and gas production.

About one -third of the Russian government’s money is financed with oil and gas money, but exports are declining.

In the meantime, Putin plays a big role to spend in the direction of defense compared to the cold war. It is believed that 6.3% of GDP’s protection is spent.

On the contrary, Ukraine is spending 26% of its distant economy on the war. The difference explains why his president, Volodimier Zelensky, has repeatedly asked why his friends have often asked for external help.

The purpose of Trump’s rates is to help Zelensky reduced the number of money flowing in Russia, and he hopes to end the death, suffering and destruction in Ukraine.