Email this article Trump’s tariff policy and Russia’s foreign trade
- Authors: Ushkalova D.I.1
-
Affiliations:
- Institute of Economics of the RAS
- Issue: No 6 (2025)
- Pages: 109-126
- Section: World economy
- URL: https://journal-vniispk.ru/2073-6487/article/view/369719
- DOI: https://doi.org/10.52180/2073-6487_2025_6_109_126
- EDN: https://elibrary.ru/OUOHBB
- ID: 369719
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Abstract
The article analyzes in detail the specifics of the tariff policy of the Trump administration, including its origins, legal grounds and theoretical grounds, non-compliance with the norms of the World Trade Organization, effectiveness in modern conditions and consequences for the global economy and international trade. The conclusion is drawn about the limited effectiveness of this policy in relation to US trade with China. The impact of D. Trump’s tariff policy on Russia’s foreign trade is considered separately.
About the authors
Daria I. Ushkalova
Institute of Economics of the RAS
Author for correspondence.
Email: internationalmacro@inecon.ru
ORCID iD: 0000-0003-1517-4698
Cand. Sci. (Econ.), Head of the Center for International Macroeconomics Research and Foreign Relations
Russian Federation, MoscowReferences
- H.R. 764, United States Reciprocal Trade Act. https://www.congress.gov/bill/116thcongress/house-bill/764?q=%7B%22search%22%3A%5B%22duffy%22%5D%7D (дата обращения: 30.11.2025).
- The United States Reciprocal Trade Act: Estimated Job & Trade Deficit Effects. White House Office of Trade and Manufacturing Policy. May 2019. https://www.wsj.com/public/resources/documents/RTAReport.pdf?mod=article_inline).
- Ushkalova D. The tariff policy of the Trump administration in the context of the functioning of the multilateral trading system // Society and Economy. 2025. No. 12. (In Russ.).
- Auzan A., Zvereva N., Ivanov V., Kurdin A., Kudryashova E., Nikishina E., Sitkevich D. Institutional economics. Electronic textbook. Moscow, Faculty of Economics, Moscow State University, 2022]. https://books.econ.msu.ru/Institutionaleconomics/?ysclid=mg3mgdadp730611239 (accessed: 30.11.2025).
- World Economic Outlook: Global economy in flux, prospects remain dim. Washington, IMF, October 2025.
- World Economic Outlook: A Critical Juncture amid Policy Shifts. Washington, IMF, April 2025.
- Commodity Markets Outlook, October 2025. Washington, DC: World Bank, 2025.
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