LINE

Text:AAAPrint
Economy

Russia starts imposing new taxes on U.S. goods

1
2018-08-06 09:47:46Xinhua Editor : Gu Liping ECNS App Download

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.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.