Trump’s Proposal For NATO...

Andrew Korybko
Andrew Korybko's Newsletter

Trump’s Proposal For NATO To Stop Buying Russian Oil & Start Tariffing China Is Unrealistic. – The EU would plunge into a full-blown recession if it complied, but that might be what Trump wants so as to bankrupt its companies and thus give US ones a greater edge in the newly tariff-free EU market.

Trump proposed in a social media post over the weekend that NATO stop buying Russian oil and start tariffing China 50-100% as part of his plan for swiftly ending the Ukrainian Conflict. He promised to impose “major sanctions on Russia” if all NATO members at least do the first-mentioned.

This proposal is unrealistic though since the whole reason why some NATO members continued buying Russian oil (including indirectly via India) was to manage global prices and thus prevent a full-blown recession.

Likewise, imposing 50-100% tariffs on China would lead to price spikes all across the board that would compound with dumping Russian oil to deal a heavy blow to the EU, though that might be what Trump wants in order to bankrupt EU companies and thus give US ones a greater edge.


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