The economist spoke about the consequences of secondary US duties

The introduction of large-scale duties by the United States may lead to significant changes in international trade, Maxim Chirkov, Associate professor of the Department of Economic Policy and Economic Measurements at the State University of Economics, told Izvestia on July 15.

Earlier it was reported that US President Donald Trump announced that he would impose secondary duties of 100% on Russia if it was not possible to achieve a Ukrainian settlement in 50 days.

"Of course, the imposition of duties, especially on such a serious scale, is not in the interests of the United States. Many of the announced measures rather strengthen the negotiating position of the Americans. I think they still hope that duties will not have to be imposed, and the partner countries will be inclined to reach agreements," the expert noted.

However, according to him, if duties of 100% are still applied, it will drastically reduce trade turnover between the countries.

"Mirror measures will be followed by Russia, China, India, Turkey and other major economies. This will lead to a sharp increase in the cost of mutual trade," the economist explained.

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According to the expert, catastrophic consequences from the introduction of duties are not expected.

"Most of the announced duties are likely to be mitigated during the negotiations. And where they come into force, there will be a redistribution of commodity flows: products will be redirected through third countries, including parallel imports," Chirkov said.

The expert stressed that such measures are a clear negative for the global economy, but market mechanisms will be able to correct the situation over time. Globalization and market principles will help eliminate existing imbalances in the medium and long term.

On July 14, national security expert Nico Lange said that Trump's possible resumption of arms supplies to Ukraine would not be a step forward, but a return to the policy of former US President Joe Biden. According to Lange, Trump wants to ensure that arms supplies to Ukraine are funded by European states, and not "at the expense of American taxpayers."