Part 10/11:
The danger is that continual increases in sanctions and tariffs could trigger retaliatory measures, such as Russia tightening its control over oil exports or deploying new restrictions on Chinese and Indian exports of critical minerals. These developments threaten to destabilize global markets further, escalating economic volatility worldwide.
Conclusion: An Escalating Cold War
Trump’s proposed tariffs represent a broader attempt by the West to escalate economic pressure on Russia by targeting its allies and key economic partners. While currently just a proposal, the implications are significant: a potential new phase of economic conflict with possible repercussions for global stability.