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Russia and China bracing for economic chaos as Donald Trump threatens brutal 100% tariffs


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Published in Politics and Government on Monday, December 2nd 2024 at 16:31 GMT by Brian Stokes   Print publication without navigation

  • US President-elect Donald Trump has threatened to slap 100% tariffs on the BRICS trade bloc for challenging the US dollar's dominance.

The article from MSN discusses the potential economic repercussions for Russia and China if former U.S. President Donald Trump were to implement his proposed 100% tariffs on imported goods from these countries. Trump's threat, made during a campaign event, aims to protect American industries but could lead to significant economic disruption globally. Analysts suggest that such high tariffs would not only strain the economies of Russia and China but could also trigger retaliatory measures, potentially escalating into a trade war. This could disrupt global supply chains, increase costs for consumers, and possibly lead to economic chaos. The article highlights concerns from economic experts about the feasibility and consequences of these tariffs, including inflation spikes and a possible downturn in international trade relations.

Read the Full MSN Article at:
[ https://www.msn.com/en-gb/politics/government/russia-and-china-bracing-for-economic-chaos-as-donald-trump-threatens-brutal-100-tariffs/ar-AA1v7g8y ]

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