Suspending Normal Trade Relations with Russia and Belarus
This act suspends normal trade relations with Russia and Belarus, leading to higher tariffs on their products imported into the U.S. This aims to weaken their economies in response to aggression, potentially affecting the availability and prices of certain goods for American consumers.
Key points
Higher tariffs on goods from Russia and Belarus: Products from these countries will be more expensive in the U.S., potentially limiting their import.
Ban on Russian energy product imports: This will reduce Russia's oil and gas export revenues, but could impact energy prices in the U.S.
Possibility of restoring normal trade relations: The President can reinstate lower tariffs if Russia and Belarus withdraw troops from Ukraine and recognize its independence.
Expired
Citizen Poll