Summary
Russia’s stock market lost $23.7 billion in two days after Trump’s new global tariffs and a steep oil price drop, marking its worst week since 2022.
The MOEX Russia Index fell 8.05%, with major firms like Sberbank, Gazprom, and Rosneft plunging. Brent crude dropped 12%, and copper fell 11%, stoking global recession fears.
Russia, heavily reliant on commodity exports, faces budget strain and potential ruble devaluation.
Peace talks over Ukraine remain stalled as the U.S. signals impatience, and NATO sees no shift in Russia’s war objectives.
Russia didn’t even get a tariff right? So they hurting just from side-effects? lol
Turns out when lunatics seize control of the insane asylum, except the asylum is the world’s wealthiest economy, it ultimately impacts every economy on earth.
Trump, like Putin, doesn’t understand strategy. They both only understand tactics.
they didn’t get tariffs because they are embargoed.
They tariffed penguins though.
Big Cheeto was afraid the penguins would flood American markets with cheap eggs, thus the tarifs.
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They are if you like eating translucent blue eggs that taste of fish.
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There’s more to it. Chickens lay lots of eggs (like a dozen) before going broody (when they stop laying and just sit on the eggs to keep them warm), so production is high. Penguins OTOH, lay one of two per season.
Except that they are. Chickens that are actually raised free, and peck on insects, herbs and other stuff outside lay eggs that are absolutely delicious, and the meat is also very tasty. You can even say that they come pre-seasoned, if you don’t mind chewy meat.
The almost tasteless eggs/meat come from industrial scale farming that feeds the chickens with grain-based feedstock in large amounts, so they grow quickly. (source: my aunts raised free-range chickens for both eggs and meat. They were really tasty)
good thing penguins still have antartica
they didn’t tariff any embargoed countries, that includes cuba and north korea
Except we did something like $3.5b in trade with them last year somehow. And they taxed uninhabited islands.
The uninhabited islands bit is interesting. It looks like they stumbled on a massive money laundering operation. Not that they’ll look into it, mind you.
They didn’t get tariffed because Trump is a Russian asset
and a cuban one, apparently