What I know for sure about the Trump trade tariffs is that they are an enormous, hardcore blow on Russia. Several of the ruling oligarchs are getting clobbered to within an inch of their stinky, useless lives. Alisher Usmanov (a bad, bad fellow. A real piece of work) is reportedly in hysterics.
This is so much bigger than any childish little sanctions. The Russians are losing it big way right now. And I can’t feel bad about that.
I was never one of the folks who worshiped at the altar of free trade. The whole term stinks of exploitative intentions. So I don’t see the reason to go all panicky because a couple of barriers will be thrown on the way of capital. Plus, it drives Putin up a wall, which is always nice.