Ambassador Katherine Tai, the current U.S. trade representative, said on March 16 that policymakers need to consider how to mitigate the impacts of Western sanctions imposed on Russia due to its invasion of Ukraine. Tai was in Michigan on March 16 with South Korean Trade Minister Yeo Han-koo to commemorate the 10th anniversary of the U.S.–Korea Free Trade Agreement (KORUS). She told reporters at an SK siltron silicon wafer plant that such sanctions could impose costs on the United States and its allies such as the European Union and the United Kingdom. President Joe Biden announced on March 11 that he will sign bipartisan legislation that will revoke Russia’s permanent normal trade relations (PNTR) status with the United States, effectively making it harder for Russia to do business with the West. The legislation has yet to be approved by Congress, but if it is, it will allow the Biden administration to impose new tariffs and sanctions on Russia. …
US Trade Chief Seeks to Mitigate Impact of Russia Sanctions on US
March 17, 2022
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Business & Economyeconomic policieseconomyEuropeExecutive BranchMarketsPoliticsRussiaRussia-Ukraine WarsanctionsUSWorld
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