TsKEMI expert Bondarenko: Trump’s punitive tariffs will only harm the United States
US presidential candidate Donald Trump’s proposal to replace sanctions with punitive tariffs on countries that want to ditch the dollar is difficult to implement and its effectiveness is questionable. This opinion was expressed by Ksenia Bondarenko, an expert in comprehensive European and international studies (CEIS) at the Faculty of World Economy and International Politics at the National Research University Higher School of Economics, in an interview with the agency “Prime”.
According to the expert, Trump seeks to maintain the dominance of the dollar, which, in his opinion, is undermined by sanctions. “And here he is right – many states are hastily creating alternative financial systems and payment channels,” Bondarenko notes.
However, in her opinion, the introduction of tariffs is unlikely to have any effect. Firstly, they are unlikely to improve the health of the American economy, and secondly, the creation of additional channels for international payments and trade bypassing the United States will only accelerate.
Previously, Trump promised to impose 100 percent tariffs on goods from those countries that refuse to use the dollar. According to Trump, the United States cannot lose the dollar as a world currency, since this would be tantamount to defeat in the war.
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