Analyst Ohanisyan: the trade war between the US and China will cause damage to the US market

According to him, for the United States, a trade war with China will result in higher prices in the market. “If tariffs were imposed and China had to export higher-priced toothbrushes to America, that would directly affect prices.” And here, there may be a plus in reducing the trade deficit, but most likely, this will negatively affect other economic indicators and may lead to an increase in inflation, for example, the analyst said. Oganisyan did not rule out that the trade war between the United States and China could negatively affect energy demand, which will reduce the price of oil, which will negatively affect the Russian market. On March 4, US President Donald Trump reiterated his intention to impose tariffs against trading partners. Tariffs of 25 percent will be imposed on goods from Canada and Mexico, and for China they will be increased from 10 to 20 percent.

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