US inflation to double due to Trump's new tariffs

In 2025, the price increase in the United States will range from 3.5% to 5%, according to experts interviewed by Izvestia. Currently, inflation is about 2.8% with a target of 2%.

Two Straits: Trump's actions against Iran are driving up oil prices

The activity of the United States will lead to an even greater rise in the price of black gold, but it is not a fact that Russia will benefit from this.

Prices will rise due to the fact that President Donald Trump has decided to expand import duties — starting from April 2, foreign cars and components for them, as well as countries that buy oil from Venezuela, will be subject to tariffs of 25%.

Cars are one of the largest imports in monetary terms in the United States, said Dmitry Pozdnyakov, analyst at Freedom Finance Global. The introduction of duties carries great risks — American automakers will have to rebuild their supply chains and increase capacity utilization within the country, the expert said.

Before taking office as head of state, Trump set himself the task of strengthening borders and combating illegal migration. Under the presidency of Nicolas Maduro, about 8 million people left Venezuela, some of them illegally entered the United States, said Sergey Pigarev, analyst at Freedom Finance Global. That is why the American leader decided to impose duties against Caracas.

"The degree of impact of the new restrictions on Venezuela on world prices of black gold will depend on the rate of decline in exports from the country and the desire of OPEC+ to replace the falling volumes," added Sergey Pigarev.

Nevertheless, if oil prices rise due to duties on Venezuela, this will have a positive impact on the Russian treasury. According to the budget law, oil and gas revenues are expected to amount to 10.9 trillion in 2025.

Read more in the exclusive Izvestia article:

Hit by tariff: inflation in the US will double due to Trump's new duties