Trump spoke about the reaction of the oil market to the imposition of sanctions against Russia

US President Donald Trump said on July 29 that he was not concerned about the reaction of the commodity market to the potential imposition of anti-Russian sanctions.

"No, I don't care about that. We have so much oil in our country. We will increase oil production," the American leader told reporters aboard the presidential plane.

Trump noted that oil is already "pretty cheap" and the United States should increase its production.

The burden on Washington: why did Trump use the language of threats to Moscow

And why will 100% duties make little difference in trade, and Patriot supplies to the Ukrainian Armed Forces will not bring them success on the battlefield?

The New York Times (NYT) reported on July 29 that the trade policy of Trump and his administration could lead to devastating results. It clarifies that the rates to which the American leader asks other states to agree are usually used by poor countries that are trying to protect nascent industries.

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