Opinion
Why hopes for a "killer" sanctions package from the US are utopian
Trump has backed down in the trade war with China. So what about the sanctions against Russia, which he himself opposes
Sergiy Fursa
investment banker, deputy director of Dragon Capital
We have so many hopes that the US will adopt powerful sanctions and impose 500% duties on countries that buy Russian oil that it's strange.
This will never happen. These sanctions can be frightening, yes. But they will never be imposed. Why?
This would mean imposing 500% duties on goods from China and India. Remember what happened when Trump imposed tariffs on the entire world, including penguins? Stock markets went down, and the bond market eventually forced Trump to back down. Trump lost the trade war with China. And he crawled back. And in principle, 150% or 500% duties do not matter. It means stopping trade. And China has already demonstrated to Trump that the United States cannot afford it. So will Trump dare to repeat?
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