In: Economics
Russian economy has been strong ally in past also had sour relation so far becaus eof their President Vladimir Putin. Since Russia has had competitive advantage in nuclear warfare and weapons, defence and aviation, Engineering the Country has been one of most critical success factors in USA stability in world economic levels and forums.
Also Russias Increasing relationships with India which is srongest US supporter means that Russia has to have great relationships with US as well.
However the rceent Ukraine Russian War and evolutionary S400 missile selling across globe has invited tensions between US and Russia and has also imposed sanctions on countries importing from Russia.
The trade deficit also has widened with Russia and China both who are part of BRICS Consortium and hence poses higher risks in terms of emerging trade war and economic sanctions which can escalate geopolitical risks.
Russian Impact On US China Trade War
Since Russia has major impact on China and also has recently been strongly opposed by US, the Russian government has persuaded China to form an ally and integrate together to avert US domination.
The biggest issue been surfaced is US China Trade War, Immigration Laws, US National Debt, Foreign Relations policy
US and china have great history of trade wars however recent times has been largely due to sanctions been imposed on china by USA.
Recently, USA slpped tarrifs on 40% of chinese goods. which has caused prices of US goods to go up substantially becuase cheap imports fro china have been stopped.USA has also stopped cheap imports of steel and as a result Chinese government too has imposed substantial tarrifs on USA goods.
As a result, there has been currency devaluation in China to make it goods look more cheaper and attractive and has started selling Goods in emerging markets. US goods however have become more costlier and hence sales have decreased.
Chinese government has aggravated trade war by imposing fresh round of tarrifs , however before G20 summit which will be held in 2018, such issues will be resolved.
Since, China has imposed tarrifs we see there has been lack of entry of chinese workrs and visas in USA which has nullified the clear cut winner. Because of trade war, India has managed to export steel and aluminium to US markets and hence has been the greatest beneficiary.
So all in all Russian economy has been strong opponents of Us which is bad for economy apparently leavibg behind past relationships and deals.