The results of the US trade wars for the Russians 13:54

China and the US trade war will probably lead to strengthening the economic interaction of Russia and PRC. This will help Russians access Chinese technologies and property more, but Bitriver Financial Analyst Vladislav Antonov told Gazete.

“Geopolitical situation creates both opportunities and significant restrictions for Russia. The exacerbation of trade relations between the US, EU and China may lead to an increase in economic cooperation between Russia and PRC. However, the sanction regime significantly limits the potential of this interaction. The results for ordinary Russians will be uncertain. On the one hand, deepening economic ties with China can expand access to Chinese goods and technologies, which are important, especially in limited access to Western products. On the other hand, this dependence on the Chinese market can lead to price increase if it is strengthened especially in relation to Yuan Ruble. ”

He emphasized that the expansion of the use of national currencies in trade between Russia and China and that other BRICS partners can reduce the dependence of countries on the dollar. However, the analyst said that this process requires time and significant investments in financial infrastructure.

According to him, attempts to use trade wars to achieve short -term benefits may have negative long -term consequences. Antonov said that protectionism and trade conflicts ultimately slow down global economic growth, which negatively affected all participants in world trade, including Russia.

At the beginning of February 2025, US President Donald Trump announced that new customs duties were introduced on imports of goods from Canada, Mexico and China. According to the White House, the tasks for Canada and Mexico will be 25% and 10% for China. Trump did not ignore the introduction of tariff tasks for the European Union.

Previously, an expert predicted Reducing the Bitcoin course due to US trade wars.

What are you thinking?



Source: Gazeta

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