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International Business Times UK
International Business Times UK
World
Rohit David

Can Trump's Russia Tariffs Rattle the Global Economy? Secondary Tariffs Threaten Huge Effects

Donald Trump Russia United States Oil China India Inflation Turkey
Trump’s secondary tariffs on Russia’s oil buyers like China, India could disrupt global markets, spike oil to $120, and fuel inflation. (Credit: Image by Pete Linforth : Pixabay)

President Donald Trump's threat to impose secondary tariffs on countries importing Russian oil and gas, announced on 29 July 2025, has sparked fears of a global economic shock.

With a 10-day deadline for Russia to agree to a Ukraine ceasefire or face sanctions, nations like China, India, and Turkey face severe trade penalties.

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