CNN predicted the collapse of the US economy after Trump imposed sanctions against Russia

After the imposition of sanctions by US President Donald Trump against countries that purchase Russian energy resources, the American economy may collapse. CNN reported this on August 6, citing expert assessments.

"If peace in Ukraine continues to look unattainable in the near term, <... > then a new sledgehammer will fall on the American economy itself due to more expensive consumer goods, lower profits for American companies and, possibly, higher oil prices," the article says.

It is noted that if India, against which Trump intends to impose increased tariffs, switches to importing oil from other countries at a higher price, this will also hit consumers and businesses in the United States against the background of higher import costs.

In addition, according to analysts, an increase in duties on countries that buy oil from Russia will accelerate inflation in the United States.

Accelerating trend: oil consistently gains in price amid threats from the United States

Trump's intentions to initiate a trade war through secondary sanctions against Russia are putting pressure on quotes

The day before, the Reuters news agency announced the intention of the American leader to impose sanctions against countries that buy Russian oil. It was noted that a preliminary meeting with Russian officials would be held. So, on August 4, Trump announced that he would significantly increase duties on India due to oil imports from the Russian Federation.

On July 14, the American leader announced his intention to impose 100% secondary duties on Russia if the Ukrainian conflict is not resolved in 50 days. Later, he reduced this period to 10-12 days.

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