US-Russia trade war likely to escalate September 25, 2021 September 25, 2021 admin

The US and Russia could soon hit it out of the park when it comes to trade, the US Treasury Department said on Thursday, with the US taking steps to slap tariffs on Russian imports and Russian goods being “fully excluded from US markets.”

“The US Treasury is considering a variety of measures to impose retaliatory tariffs on Russia, including tariffs on imported Russian goods, to punish Russia for its alleged attempts to interfere in the 2016 US election and its support for Syrian President Bashar al-Assad’s government,” the US Department of Treasury said in a statement.

Russia is one of the world’s top importers of U.S. goods, which are mostly manufactured in the United States.

The U.N. and other international organizations have called for a U.T.O. investigation into Russian election meddling.

The U.R.S., the EU and other countries have also called for the United Nations Security Council to investigate Russia over its alleged support of the Assad government in Syria, the attack on civilians in Aleppo, and its backing of separatist rebels in Ukraine.