The expert of the Russian Academy of Sciences spoke about the possible consequences of the introduction of US trade duties

Approval of duties of 25% on steel and aluminum imports by the president USA Donald Trump will be an ambiguous decision and is unlikely to be act for a long time. This was stated on March 3 by Sergey Kislitsyn, an employee of the IMEMO of the Russian Academy of Sciences, during a round table on "Trump and his team: US domestic and Foreign Policy" at Rossiya Segodnya News Agency.

"If you look at 2017, when these tariffs were in effect last time, they were a little simpler. About 9,000 jobs were created, American steel companies earned $2.5 billion in additional profits, but American companies purchasing these materials spent about $5.5 billion extra to purchase because prices rose," he said.The expert also suggested that such measures would not be in effect all the time, and would be used by the United States as a tool in foreign policy.

"The Trump administration will most likely use this as a tool to achieve its foreign economic and foreign policy goals," the expert shared his assessment.

Center Stage: US duties will collapse trade with Canada, PRC and Mexico by 30-50%

What benefits Russia may derive from economic conflict in the West

Earlier, on February 27, Trump said that the decision to impose tariffs against Mexico, Canada and China from March 4 remains valid. He clarified that China will also be subject to an additional tariff of 10% from this date.On February 10, Trump stated that there would be href="https://iz.ru/1836635/2025-02-10/tramp-zaavil-o-vvedenii-s-10-fevrala-poslin-v-25-na-aluminii-i-stal " target="_blank">duties of 25% have been introduced on steel and aluminum imported into the United States. Such duties were imposed on products of those countries that had previously imposed retaliatory restrictions on American products.