Headlines
Russia says rising tariffs threaten US and global economy
Published by Global Banking and Finance Review
Posted on July 24, 2025
1 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on July 24, 2025
1 min readLast updated: January 22, 2026
Russia warns that rising US tariffs could harm both the US and global economies, potentially leading to economic fragmentation and instability.
MOSCOW (Reuters) -Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday that rising trade tariffs carried risks for the economy of the United States and the whole world.
Zakharova was commenting on U.S. trade policy under President Donald Trump, who has aggressively raised tariffs on countries exporting to the U.S.
Trump last week also threatened heavy new sanctions against Russia and countries that buy its exports unless Moscow agrees to a Ukraine peace deal by early September.
Zakharova told a press briefing that U.S. actions could lead to a "fragmentation of the world economy", and the U.S. had become a source of additional instability in world trade.
(Reporting by Dmitry Antonov, Writing by Felix Light; Editing by Mark Trevelyan)
Economic fragmentation refers to the division of economies into smaller, less integrated parts, often due to trade barriers or tariffs.
Foreign currency is any currency that is not the domestic currency of a country, used in international trade and finance.
A financial crisis is a situation in which the value of financial institutions or assets drops significantly, leading to widespread economic instability.
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