The Bulletin of the Institute of Economics of the Russian Academy of Sciences № 6/2025. World Economy. 

 

Daria I. Ushkalova

Cand. Sci. (Econ.), Head of the Center for International Macroeconomics Research and Foreign Relations, Institute of Economics of the RAS, Moscow, Russia

ORCID: 0000-0003-1517-4698

 

D. TRUMP’S TARIFF POLICY AND RUSSIA’S FOREIGN TRADE

Размер файла109-126
Размер файла  402.53 K Размер файла Full text

The article analyzes in detail the specifics of the tariff policy of the Trump administration, including its origins, legal grounds and theoretical grounds, non-compliance with the norms of the World Trade Organization, effectiveness in modern conditions and consequences for the global economy and international trade. The conclusion is drawn about the limited effectiveness of this policy in relation to US trade with China. The impact of D. Trump’s tariff policy on Russia’s foreign trade is considered separately.

Keywords: D. Trump’s tariff policy, US foreign trade policy, reciprocal tariffs, US-China trade war, Russian foreign trade.

JEL: F13, F51, F52, F53

EDN: OUOHBB

DOI: https://doi.org/10.52180/2073-6487_2025_6_109_126

References

  1. R. 764, United States Reciprocal Trade Act. https://www.congress.gov/bill/116thcongress/house-bill/764?q=%7B%22search%22%3A%5B%22duffy%22%5D%7D (дата обращения: 30.11.2025).
  2. The United States Reciprocal Trade Act: Estimated Job & Trade Deficit Effects. White House Office of Trade and Manufacturing Policy. May 2019. https://www.wsj.com/public/resources/documents/RTAReport.pdf?mod=article_inline).
  3. Ushkalova D. The tariff policy of the Trump administration in the context of the functioning of the multilateral trading system // Society and Economy. 2025. No. 12. (In Russ.).
  4. Auzan A., Zvereva N., Ivanov V., Kurdin A., Kudryashova E., Nikishina E., Sitkevich D. Institutional economics. Electronic textbook. Moscow, Faculty of Economics, Moscow State University, 2022]. https://books.econ.msu.ru/Institutionaleconomics/?ysclid=mg3mgdadp730611239 (accessed: 30.11.2025).
  5. World Economic Outlook: Global economy in flux, prospects remain dim. Washington, IMF, October 2025.
  6. World Economic Outlook: A Critical Juncture amid Policy Shifts. Washington, IMF, April 2025.
  7. Commodity Markets Outlook, October 2025. Washington, DC: World Bank, 2025.

Manuscript submission date: 25.10.2025

Manuscript acceptance date: 18.11.2025

 

For citation:

Ushkalova D.I. D. Trump’s tariff policy and Russia’s foreign trade // Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk. 2025. № 6. Pp. 109-126. (In Russ.). https://doi.org/10.52180/2073-6487_2025_6_109_126 EDN: OUOHBB

  Creative Commons 4.0

© Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk, 2021 - 2025

32, Nakhimovskiy Prospekt, Moscow, Russia 117218, Institute of Economics of the Russian Academy of Sciences.

Phone.: +7 (499) 724-13-91, E-mail: vestnik-ieran@inecon.ru