How Trump's secondary tariffs on Russia could hit the global economy

Published: 8/5/2025
How Trump's secondary tariffs on Russia could hit the global economy
Trump's secondary tariffs on Russia could impact the global economy significantly. The US President aims to impose new tariffs on countries trading with Russia if a ceasefire agreement with Ukraine isn't reached. The potential tariffs could affect global energy prices, result in pricier imports and impact various countries economically, including China, India, and the European Union. The tariffs may lead to a global economic downturn and various repercussions on international trade relations and markets.