Biden to call for end of normal trade ties with Russia, higher tariffs on Russian imports -sources
Source: Reuters
Biden to call for end of normal trade ties with Russia, higher tariffs on Russian imports -sources
Steve Holland
Thu, March 10, 2022, 10:23 PM·1 min read
WASHINGTON (Reuters) - U.S. President Joe Biden on Friday will call for an end of normal trade relations with Russia over its invasion of Ukraine, clearing the way for increased tariffs on Russian imports, two people familiar with the situation told Reuters.
The move marks the latest escalation of a push by the United States and its allies to pressure Russian President Vladimir Putin to end the largest war in Europe since World War Two.
Russia calls its actions in Ukraine a "special operation".
Removing Russia's status of "Permanent Normal Trade Relations" will require an act of Congress, said one senior administration official. But lawmakers in both houses of Congress have expressed support for such a move.
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