🇷🇺 Russia is immune to US tariffs #2

🇷🇺 Russia is immune to US tariffs

Russia's international reserves are as follows:
- 0.007% US Treasury bonds
- 35% Gold

Russia exports <1% to the US. Russia is a net exporter

This makes them protected from US sovereign risk (USD devaluation) & trade risk

a reminder that Russia doesn't trade with USA anymore 🇺🇸🤝🇷🇺

so it's not clear what 100% or 9999% tariffs on Russia will achieve

Russia's been offloading US securities for gold since 2018

Russia's exports to the US are less than 1% of the total

i understand that these are secondary tariffs, but there is a grand total of 0% chance of that going in action for any substancial amount of time

🇨🇳 China is Russia's main trading partner. do you really think the US economy can sustain 100% tariffs on their main import source?

🇺🇸🇮🇳 US imports for India account for mere 2.7% of its total imports - only $87 billion

you can see how selective and small the tariff applications are - and even those will eventually be dropped

nothing about China 🇨🇳 👀

fully consistent with what I wrote 2 weeks ago