The economist assessed the impact of Trump's duties on Russia

Georgy Ostapkovich, director of the HSE Center for Economic Research and Economic Analysis, said that the crisis due to the trade duties imposed by US President Donald Trump could lead to a drop in prices for oil, coal and other raw materials.

In conversation with aif.ru On Thursday, April 3, the expert noted that this could also affect the Russian economy.

"The crisis and the decline in growth in the economies of the leading countries always leads to a drop in commodity prices: oil, gas, coal, metals, wheat, etc.," Ostapkovich explained.

According to him, the share of raw materials in Russia's exports is about 75%. If prices fall, the currency supply will fall. He recalled that during the 2008 crisis, the duties did not particularly affect the economy. Meanwhile, commodity prices fell back then. In this regard, in 2009, the Russian Federation's GDP decreased by 7.9%. This is exactly what the customs war is bad for Russia. It could lead to a global recession and a global financial and economic crisis, Ostapkovich concluded.

Trade Warrior: How new US duties will affect the global economy

Donald Trump announced the introduction of fees for all products supplied to the United States.

Earlier in the day, political analyst Matvey Kiselyov said that Trump's imposition of tariffs would increase fluctuations in the financial market. He stressed that uncertainty about the future of the global financial system has increased, deepening the gap in global trade chains, notes 360.ru .

On April 3, Trump imposed duties on imports of goods from the European Union and some other countries. Russia is not on the list. The measures will affect not only the EU (20%), but also China (34%), Vietnam (46%), Israel (17%), Indonesia (32%), Cambodia (49%), Malaysia (24%), South Korea (25%), Thailand (36%), Taiwan (32%), Switzerland (31%), Japan (24%) and other countries, the website writes kp.ru .

At the same time, the head of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, expressed concern about the potential for new US duties to escalate into a tariff war. She called on WTO members to "treat emerging pressures responsibly" to prevent an increase in trade tensions, RT writes.

According to the American leader, for decades, the United States has been "plundered, abused and plundered by nations, near and far, both friends and enemies." According to the head of state, jobs and factories will return to the country, the NSN reports.