Putin: high tariffs yield results, but then turn into problems

Each country independently chooses its trade policy, including customs policy, noted Putin. "As for the trade policy of increased rates, duties, each country determines this independently, what is beneficial to it, and what is not beneficial. I can understand the logic: to attract production to oneself, create jobs, make them pay taxes at all levels of the tax system. But at some point, undoubtedly, these actions will start facing certain difficulties related to inflationary pressure, rising cost of goods," emphasized the president. Trump intends to impose and use tariffs as a tool to promote American interests in the world. In particular, on February 2, the USA imposed tariffs of 25% on goods from Canada and Mexico, but postponed the implementation of tariffs for a month, as Ottawa and Mexico made concessions. Meanwhile, the introduction of tariffs on imported goods will help the USA completely abandon income tax collection, said Trump.

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