Tariffs On Russian Birch May Rise To 50%
Posted On
March 23, 2022
The U.S. House of Representatives passed legislation that would end normal trade relations with Russia. The result is that tariffs on Russian birch plywood would increase from zero to 40–50%. The Senate is likely to take action quickly, followed by President Biden signing the bill into law. Tariffs would go into effect immediately.
Resource:
The Hill: House passes bill to end normal trade relations with Russia, Belarus