The US economy will feel the pain if Trump goes ahead with his plan to whack countries buying Moscow’s oil with fresh tariffs on their goods.

Donald Trump isn’t letting up on his quest to remake global trade in America’s favor. The US president said he’d impose increased tariffs on countries buying energy from Russia while clarifying that levies on semiconductor and pharmaceutical imports would be announced “within the next week or so.”

Trump's secondary tariffs on Russia's oil buyers like China, India could disrupt global markets, spike oil to $120, and fuel inflation.