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House Votes to End Russia’s Favored Trade Status With U.S.

  • Legislation allows U.S. to hike tariffs on Russian products
  • Schumer has pledged the Senate will quickly pass the bill
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Biden Urges Ending Russia’s Preferred Trading Status
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The U.S. House of Representatives voted overwhelmingly to end regular trade relations with Russia in a move that would allow the U.S. to sharply raise tariffs on Russian goods entering the country.

The bill, passed 424-8, would end what’s known as “permanent normal trade relations” for Russia, putting it in a category with pariah states North Korea and Cuba. The legislation, supported by President Joe Biden, would allow the U.S. to hit Russia with significantly higher tariffs than those it applies to other World Trade Organization members. The WTO has a core principle of treating all members equally.