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Putin: US tariffs on Russia's trade partners could backfire economically

Published by Global Banking & Finance Review

Posted on October 2, 2025

1 min read

· Last updated: January 21, 2026

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Putin: US tariffs on Russia's trade partners could backfire economically
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SOCHI, Russia (Reuters) -Russian President Vladimir Putin on Thursday criticized U.S. efforts to pressure India and China into cutting energy ties with Moscow, warning that such moves could backfire

Putin Warns US Tariffs on Russia's Partners May Harm Global Economy

SOCHI, Russia (Reuters) -Russian President Vladimir Putin on Thursday criticized U.S. efforts to pressure India and China into cutting energy ties with Moscow, warning that such moves could backfire economically.

Putin said that if higher tariffs are imposed on Russia's trade partners, it would drive up global prices and force the U.S. Federal Reserve to keep interest rates high.

That, in turn, would slow down the U.S. economy, Putin told a forum of Russia experts.

(Reporting by Vladimir Soldatkin Wrikting by Maxim RodionovEditing by Mark Trevelyan)

Key Takeaways

  • Putin criticizes US pressure on India and China.
  • Higher tariffs could increase global prices.
  • US Federal Reserve may need to keep interest rates high.
  • Potential slowdown of the US economy.
  • Global economic impact of US tariffs.

Frequently Asked Questions

What is monetary policy?
Monetary policy refers to the actions taken by a country's central bank to control the money supply and interest rates to achieve macroeconomic objectives such as controlling inflation, consumption, growth, and liquidity.
What are interest rates?
Interest rates are the cost of borrowing money or the return on savings, expressed as a percentage of the principal amount. They are influenced by central bank policies and economic conditions.
What is economic growth?
Economic growth is the increase in the production of goods and services in an economy over a period of time, typically measured by the rise in Gross Domestic Product (GDP).

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