Trump Implements New Tariffs on Imports: Why Is Russia Not on the List?

President of the United States Donald Trump has announced the introduction of general base tariffs on imports for nearly all countries supplying goods to the U.S. The rate of the new tariff will be 10%, and this decision also affects Ukraine. In addition, individual tariffs for specific countries or unions will be added to the base rates. For example, the additional rate for China will be 34%, for the European Union – 20%, for Japan – 24%, and for the United Kingdom – 10%. The new tariffs will take effect on April 9, while the minimum base tariffs will start from April 5.

This is reported by AgroReview

Interestingly, Trump’s tariffs do not apply to Russia, Cuba, Belarus, and North Korea. The president’s administration explained this by stating that the existing U.S. sanctions significantly complicate any substantial trade with Russia. Despite this, the United States continues to trade with Russia more than with some countries, such as Mauritius or Brunei, which are on the tariff list. To justify such tariffs, Trump also declared a state of emergency in the U.S. due to the threat to the country’s economy.

The European Commission has expressed concern that the new tariffs could seriously impact the global economy and has called for the protection of EU interests. U.S. Treasury Secretary Scott Bessent also warned trading partners of possible responses to the new tariffs, emphasizing that this could lead to further increases in tariffs.

Analysts warn that such tariff policies could provoke the third financial crisis in the last 17 years, which, in turn, could lead to a global recession.