Tags: russia | duties | american | goods | metals | tariffs

Russia to Slap Duties on American Goods After US Sets Metals Tariffs

Russia to Slap Duties on American Goods After US Sets Metals Tariffs
(Aquir/Dreamstime)

Tuesday, 19 June 2018 11:22 AM

Russia will impose import tariffs on certain goods from the United States in response to duties imposed by Washington on steel and aluminium imports, Economy Minister Maxim Oreshkin said on Tuesday.

The tariffs will target goods that have domestic equivalents in Russia, and the move will not affect Russian macroeconomic performance, Oreshkin said.

The measures will serve a "balancing" function, Oreshkin said, after Washington in March imposed tariffs of 25 percent on steel and 10 percent on aluminium, in a move mainly aimed at curbing imports from China.

Russia did not receive an exemption, as Argentina, Australia and Brazil did. Russian steel companies are trying to dispute the tariffs with the U.S. Department of Commerce.

"Russia is using its rights at the World Trade Organization and is introducing balancing measures on imports from the United States," Oreshkin said.

The list of goods will be set in the next several days, the economy ministry said.

"These measures will begin to be implemented in the form of additional import duties on American goods in the near future," Oreshkin said.

"They will only concern products that have equivalents on the Russian market and will not have a negative effect on macroeconomic indicators," he said.

Oreshkin made the comments during a visit to Minsk with a group of government officials led by President Vladimir Putin. 

© 2019 Thomson/Reuters. All rights reserved.

   
1Like our page
2Share
StreetTalk
Russia will impose import tariffs on certain goods from the United States in response to duties imposed by Washington on steel and aluminium imports, Economy Minister Maxim Oreshkin said on Tuesday.
russia, duties, american, goods, metals, tariffs
221
2018-22-19
Tuesday, 19 June 2018 11:22 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved