Tariffs imposed by the US administration on goods from various countries continue to trigger response around the world.
The Russian Economic Development Ministry has released a statement announcing that Moscow is going to impose tariffs on US products.
“Because the US continues to apply protective measures in the form of additional import duties on steel and aluminum and refuses to provide compensation for Russia’s losses, Russia is using its WTO rights and introducing balancing measures with respect to imports from the United States,” Economic Development Minister Maxim Oreshkin said, according to the statement.
“They will only affect products that have substitutes on the Russian market and will not have a negative impact on macroeconomic indicators.”
Oreshkin added that these measures will be implemented in the near future. Preparing of a final list of the US goods affected will take a few days.
In late March, the US imposed a 25 percent tariff on imported steel products and 10 percent tariff on imported aluminum products. Temporary exemptions, which expired on June 1, were granted only to the EU, Canada and Mexico.