Russia is no longer a market economy – the US can levy higher tariffs

In anti-dumping proceedings

Russia is no longer a market economy

The United States will no longer classify Russia as a market economy in anti-dumping cases. This gave the US an opportunity to use the “full force” of anti-dumping law to address market distortions.

The United States will no longer classify Russia as a market economy in anti-dumping cases. This gave the US an opportunity to use the “full force” of anti-dumping law to address market distortions. (archive image)

This was announced on Thursday (local time) by the US Department of Commerce. This would allow the Washington government to impose significantly higher tariffs on imports of Russian goods.

The reason for the measure is Russia’s “increasing interference (…) in their own economy”. Washington accuses the Russian government of subsidizing companies in the country. That puts U.S. industry at a disadvantage as it tries to compete globally, the department said.

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