ZCZC
BCN-25
RUSSIA-AUTOMOBILE-CAR-IMPORT-DUTIES
Russia may raise duties on cars as tit-for-tat measure following US
restrictions
MOSCOW, June 23, (BSS/TASS) – Russia may increase import duties on cars as
a retaliatory measure to the restrictions imposed by the US, Economic
Development Minister Maxim Oreshkin said on Friday.
“It is being considered,” he said, in response to the relevant question.
On Tuesday, Oreshkin said that Russia would soon introduce additional
import duties on the US goods that have substitutes on the domestic market,
in response to US duties on steel and aluminum.
An official with the ministry told reporters that a list of the US goods,
which are subject to retaliatory import duties, will be formed within a few
days. The entire volume of retaliatory measures that Russia can impose under
WTO rules is estimated at almost $ 538 million. This amount, according to the
Russian estimates, is equivalent to the damage Russia’s suffers from the US
restrictions.
On March 23, Washington introduced new duties on steel and aluminum
products – 25% for steel and 10% for aluminum. They are valid for all
countries that supply products to the US, but Australia, Argentina, Brazil,
Canada, Mexico, the Republic of Korea, as well as the EU countries were
granted a deferral until June 1. In response, the EU countries agreed to
establish 25% import duties on some US goods totaling 2.8 billion euros.
India, Turkey, Mexico and others also announced their intention to retaliate.
BSS/TASS/HR/1350