Russia starts imposing new taxes on U.S. goods

Source: Xinhua | 2018-08-06 04:04:02 | Editor: huaxia

Russia's President Vladimir Putin talks to U.S. President Donald Trump during their bilateral meeting at the G20 summit in Hamburg, Germany, July 7, 2017. (REUTERS PHOTO)

MOSCOW, Aug. 5 (Xinhua) -- Russia on Sunday started imposing additional import tariffs of 25-40 percent for a range of U.S. goods, according to the Russian government.

Russian Prime Minister Dmitry Medvedev last month signed a government order setting the new tariffs, stipulating that it would become effective 30 days after its official publication on July 6.

The new tariffs, in retaliation to U.S. extra tariffs of 25 percent on steel and of 10 percent on aluminum starting on March 23, apply to equipment for road construction, oil and gas industry, metal processing machinery as well as fiber-optics.

The volume of new Russian tariffs at the current stage will amount to 87.6 million U.S. dollars a year, according to a previous statement by the Russian Economic Development Ministry.

Back to Top

首页时政国际港澳台湾财经法治社会纪检体育科技军事文娱图片视频论坛博客微博

Russia starts imposing new taxes on U.S. goods

Source: Xinhua 2018-08-06 04:04:02

Russia's President Vladimir Putin talks to U.S. President Donald Trump during their bilateral meeting at the G20 summit in Hamburg, Germany, July 7, 2017. (REUTERS PHOTO)

MOSCOW, Aug. 5 (Xinhua) -- Russia on Sunday started imposing additional import tariffs of 25-40 percent for a range of U.S. goods, according to the Russian government.

Russian Prime Minister Dmitry Medvedev last month signed a government order setting the new tariffs, stipulating that it would become effective 30 days after its official publication on July 6.

The new tariffs, in retaliation to U.S. extra tariffs of 25 percent on steel and of 10 percent on aluminum starting on March 23, apply to equipment for road construction, oil and gas industry, metal processing machinery as well as fiber-optics.

The volume of new Russian tariffs at the current stage will amount to 87.6 million U.S. dollars a year, according to a previous statement by the Russian Economic Development Ministry.