Trump set to roll out retaliatory tariffs on foreign imports Russia may be targeted

The administration of US President Donald Trump is preparing to implement retaliatory tariffs on foreign imports beginning April 2, with Russia potentially being included among the affected countries.

US officials are narrowing the focus of the additional tariffs initially planned for that date, Caliber.Az reports via foreign media.

While tariffs on certain industry-specific goods may be delayed, the US is likely to concentrate on imposing reciprocal tariffs on a select group of countries that represent a significant portion of US foreign trade. The list of countries to be targeted could mirror one outlined by US Trade Representative Jamieson Greer in a notice published in the Federal Register on February 25.

Greer suggested that the US should focus its trade policy on nations with the largest trade imbalances, particularly those in the "Group of Twenty" (G20), as well as Australia, Brazil, Canada, China, the European Union, India, Japan, South Korea, Mexico, Russia, Vietnam, and others. The administration's primary target will be 15 per cent of countries with the most pronounced trade imbalances with the US. 

These countries are likely to face the highest tariffs, while goods from other nations could see more modest increases. This move comes as the US seeks to address ongoing concerns over trade imbalances and will likely escalate tensions in international trade relations, particularly with major trading partners like China and Russia.

By Naila Huseynova