According to the article, it seems that Russia has really built for itself something truly wonderful- that is, an economy which is consistent, diversified, and able to meet new challenges.
Looking at it from the other side of the world I know that tariffs will help spur development and growth of the industrial sectors (manufacturing, etc) but I wonder how quickly and if they will truly bounce up at all. The fact that there's no real way to plan for anything beyond 2 years out wrt trade policies, laws, or regulations makes it really difficult to make plans in the US for anything beyond the short term.
What are you crazy? You think pirates and black markets have shut down?
High tariffs and taxes will just push everything into the fringe territory but nothing is going to stop. Ingenuity will still continue... albeit differently. Take a look at the war on drugs, have people stopped taking drugs?
Everything into the fringe? When you're running a large scale business I think it's a bit more difficult to utilize the black market than it would be for other consumers.
Drugs are distributed to an end user, not to a corporation. It's not like the local pharmacy is ordering 50 kilos of LSD for distribution to customers- it's more like a machine shop ordering 15 tons of aircraft grade aluminum or 30 tons of kitchen grade stainless steel. 50 kilos is easy- you can hide that in a car. How do you smuggle thousands of tons of metal ingots/blanks?
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