New sanctions by US President Donald Trump against Russia could “hit the U.S. economy with a sledgehammer.”
This is reported by CNN, citing experts.
“But if peace in Ukraine remains elusive in the near future and if Trump continues to implement his plan, the new sledgehammer could hit the U.S. economy itself, causing higher prices for consumer goods, lower profits for American companies, and potentially higher oil prices,” the article states.
In addition, according to analysts, the introduction of secondary duties could lead to an increase in inflation in the United States, as well as higher costs for American companies to import.
Earlier, US President Donald Trump said that the United States would decide on duties against Russia after the negotiations of the US special envoy Steve Witkoff in Moscow.
