Biden Raises US Tariff Rate on Certain Russian Imports to 35 Percent

By Reuters
Reuters
Reuters
June 29, 2022 Updated: June 29, 2022

WASHINGTON—President Joe Biden on Monday raised the tariff rate on certain Russian imports to 35 percent as a result of suspending Russia’s “most favored nation” trading status over its war in Ukraine, according to a proclamation issued by the White House.

The higher 35 percent duty applies to imports of “certain other products of the Russian Federation, the importation of which has not already been prohibited,” the proclamation said.

The Biden administration previously banned U.S. imports of Russian petroleum and energy products, fish, seafood, alcoholic beverages, and non-industrial diamonds. An annex listing the products subject to the higher duty was not immediately available.

Reuters