The expert spoke about the risks of Trump's duties for the American industry

US President Donald Trump announced his intention to impose import duties in the absence of a deal on Ukraine, but expressed doubt about their effectiveness against Russia. The imposition of duties may primarily affect the economy of the United States itself. This was announced to Izvestia on July 30 by Marina Kulikova, Financial Director of Global Finance and consultant on management and financial accounting.

"Although Russia is not one of the key trading partners of the United States, sanctions and duties can hit individual sectors. First of all, this is the energy sector — restrictions on Russian oil products and metals can provoke an increase in prices for raw materials, which will affect oil refining and industry," explains Kulikova.

She noted that the agro—industrial sector may also face an increase in the price of fertilizers, since Russia is a major supplier of potash and nitrogen components. In addition, the aircraft industry and high technologies depend on titanium and other metals, which the United States partially buys from Russia.

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In terms of efficiency, Russia trades with the United States in limited volumes — in 2023, its share in American imports was less than 1%, and therefore the introduction of new duties is unlikely to exert significant economic pressure. According to her, the likely purpose of such measures may be indirect influence on Moscow through third countries such as China, Turkey or India. However, given the already existing difficulties in the United States' economic relations with these countries, duties may provoke retaliatory measures rather than deter Russia.

"In the long term, the imposition of duties against Russia could create serious economic problems for the United States. First of all, the American industry will face rising costs due to a possible shortage of certain types of raw materials and components. This will inevitably lead to an increase in production costs and may reduce the competitiveness of American goods," Kulikova believes.

In addition, the rise in prices of metals, fertilizers, and energy resources will put additional inflationary pressure on the U.S. economy, which will affect consumer prices.

Kulikova clarified that there is also a risk of retaliatory measures from Russia and its trading partners. If exports of critical goods to the United States are restricted, key sectors of the American economy may suffer. Finally, new sanctions measures can accelerate the process of other countries abandoning the dollar in international settlements, which will undermine the position of the American currency and weaken the influence of the United States in world trade.

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White House press Secretary Caroline Leavitt explained on July 23 that the US president would like to make his own decisions on the introduction of anti-Russian sanctions. At the same time, she stressed that Trump is constantly in contact with allies in the US Senate, including Senator Lindsey Graham (listed as a terrorist and extremist in the Russian Federation).

The American leader himself said on July 14 that the United States would impose 100% secondary duties on Russia if a settlement of the conflict in Ukraine was not reached within 50 days. Trump also added that he was "very unhappy with the Russian position" on the Ukrainian issue.

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