© AP Photo / Jacquelyn Martin
On April 2, US President Donald Trump signed a decree introducing "reciprocal" tariffs on imports from more than 180 countries and territories.
The levies caused a "collapse of financial markets" that also exceeded the speed of economic decline during the 2020 crisis, a research by Russia’s Roscongress Foundation seen by Sputnik reveals.
The global economic implications from the Trump tariffs were even more serious than from the 2011 US rating downgrade, the 2008 Lehman Brothers bankruptcy, and the 9/11 terrorist attacks.
The Russian economy stayed afloat following the Trump tariffs thanks to the specific structure of its foreign trade, the research underlined.
https://sputnikglobe.com/20250506/trumps-trade-tariffs-hit-global-markets-harder-than-2008-crisis-1121987336.html
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