Russia

US Sets 12.5 Percent Tariff Rate on Russian Imports

The United States has set a 12.5 percent tariff rate on Russian goods under a new trade action that covers 60 trade partners and replaces a temporary global tariff framework introduced in February.

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The United States has moved to set a 12.5 percent import tariff on products from Russia, placing Russian goods under a new tariff rate as part of a broader trade action covering dozens of economies.

The measure appears in a notice of actions issued by the Office of the US Trade Representative, led by Jamieson Greer. The notice says customs duties are being imposed on 60 trade partners under the stated rationale of addressing forced labor concerns.

For Russia, the rate established in the document is 12.5 percent. The tariff decision applies to products of Russia and creates a country-specific rate within the wider customs framework described in the notice.

The new duties are scheduled to take effect at 12:01 a.m. Eastern Standard Time on July 24, equivalent to 04:01 GMT. Goods already in transit will be covered by a later effective date, with the duties applying to those shipments from July 28.

The tariff regime will replace temporary global duties on American imports that had been introduced on February 24 for a 150-day period. The new notice therefore shifts the treatment of Russian goods from a temporary global framework to a specified tariff rate.

The decision adds another trade layer to the economic relationship between Washington and Moscow, where tariffs, sanctions and restrictions have become part of a broader policy environment affecting commerce, financial flows and strategic industries.