Podcast

Trump’s Tariffs and Their Effect on Russia with Tatiana Mikhailova

by Alexander Gabuev and Tatiana Mikhailova
Published on April 10, 2025

When U.S. President Donald Trump announced his long list of reciprocal tariffs, many instantly noticed that one country had escaped any restrictions: Russia. Does that mean Russia is now a safe haven amid the ongoing economic storm? And what are the consequences for Moscow of a falling oil price, and the unprecedented U.S. tariffs on China, Russia's most significant trading partner?

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.