Trump’s fight with China – how it affects the war in Ukraine

fall Chinese Economy that will automatically mean a sharp decrease in demand for Russian energy resources and a significant decrease in Chinese-Russian trade. This 24 Canal noted the executive director of the Economic Discussion Club Oleg Pendzin.

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This decision will affect the Russian economy

Oleg Pendzin noted that a 60% duty would have a negative impact on the overall level of what the Chinese do to the United States. And with the Americans, China has a trade turnover of $800 billion annually. At the same time, Beijing is still not able to completely resolve the issue with the European Union and overcome trade obligations, especially on electric cars.

I guarantee that if the Americans put a 60% tax on Chinese goods, Europe will do the same very quickly. This is a very sad blow for China.
– he said.

Although China has already resorted to direct subsidies to its economy to avoid the negative effects of trade wars, this will certainly not solve the question of a potential market for Chinese goods.

“The collapse of the Chinese economy will automatically mean a sharp decrease in demand for Russian energy resources, a sharp decrease in Chinese-Russian trade, which will have a significant impact on Russia’s budget revenues as 80% of Russian oil trade goes to India and China. China is the main player there,” – noted the executive director of the Economic Discussion Club.

The Russian economy is already in decline. Therefore, such actions by Trump will be a very important sign that Vladimir Putin must sit down at the negotiating table and look for some compromises. When the Republican said that he would solve the issue of the war very quickly, the first explanation of how he was going to do this was by manipulating the prices of energy, oil in particular.

He said “I will drop oil to $40 per barrel, and Russia will collapse.” This is not completely true, but very close to the truth. Therefore, the American economy is very much expecting Trump,
– stressed Pendzin.

In particular, if you look now at the dynamics of the indices on the securities market in the United States, they welcomed the arrival of Trump very energetically. American indices rose.