Russian Economy Ministry: unilateral U.S. tariffs to be felt by all countries

Russian Economy Ministry: unilateral U.S. tariffs to be felt by all countries

The consequences of Washington’s tariff policy will affect every country, irrespective of their position on the issue,  head of Russia's Economic Development Ministry's trade negotiations department Maksim Medvedkov said.

He added that there are "no signals," that Washington intended to cease its practice of "unilateral protectionist measures."

"Protectionism is increasing, and the only difference is that for all countries except for the United States, these are forced measures, a reaction to the threats arising from Washington's actions. The effect of unilateral restrictive measures will be felt by all without exception, both Russia and even those who managed to come to terms with the Americans," Sputnik cited the official as saying.

Medvedkov also commented on the latest decision by the EU leadership to support the US in the trade dispute with China, noting that Washington’s recent policy on the issue contradicts World Trade Organization (WTO) norms.

"It would be extremely strange and short-sighted on the part of the EU to support the United States in its choice of methods of influencing China, which obviously do not correspond to the letter and spirit of the WTO," the official stated.

Since March US President Donald Trump has introduced several rounds of tariffs on aluminum and steel imports from the EU, China, and other countries. In June, Donald Trump confirmed that a 25% tariff would be imposed on $50 billion in Chinese goods, and later the U.S. proposed tariff increased from 10 to 25% on $200 billion worth of Chinese products. Beijing, when addressing the trade row earlier in August, responded to the proposed increase with a threat to impose duties of up to 25% on U.S. imports worth $60 billion.

6310 views





    Populars