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Russia says rising tariffs threaten US and global economy

Published by Global Banking & Finance Review

Posted on July 24, 2025

1 min read

· Last updated: January 22, 2026

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Russia says rising tariffs threaten US and global economy
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MOSCOW (Reuters) -Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday that rising trade tariffs carried risks for the economy of the United States and the whole world. Zakharova was

Russia Warns Rising Tariffs Could Harm US and Global Economies

Impact of US Tariffs on Global Trade

MOSCOW (Reuters) -Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday that rising trade tariffs carried risks for the economy of the United States and the whole world.

Comments from Russian Officials

Zakharova was commenting on U.S. trade policy under President Donald Trump, who has aggressively raised tariffs on countries exporting to the U.S.

Potential Economic Fragmentation

Trump last week also threatened heavy new sanctions against Russia and countries that buy its exports unless Moscow agrees to a Ukraine peace deal by early September.

Zakharova told a press briefing that U.S. actions could lead to a "fragmentation of the world economy", and the U.S. had become a source of additional instability in world trade.

(Reporting by Dmitry Antonov, Writing by Felix Light; Editing by Mark Trevelyan)

Key Takeaways

  • Russia warns that increasing tariffs pose risks to the US and global economies.
  • US trade policy under Trump is criticized for causing instability.
  • Potential economic fragmentation due to US actions.
  • Threat of new sanctions against Russia over Ukraine peace deal.
  • US seen as a source of instability in world trade.

Frequently Asked Questions

What is economic fragmentation?
Economic fragmentation refers to the division of economies into smaller, less integrated parts, often due to trade barriers or tariffs.
What is foreign currency?
Foreign currency is any currency that is not the domestic currency of a country, used in international trade and finance.
What is a financial crisis?
A financial crisis is a situation in which the value of financial institutions or assets drops significantly, leading to widespread economic instability.

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