One country missing from President Trump’s new tariff list, despite running a trade surplus with the U.S. of $2.5 billion: Russia. The country was left off of a list of dozens that have much smaller trade imbalances with America,
Aside from climate change and pollution, penguins are now facing one more threat from humanity: President Donald Trump’s tariffs.
Trump is calling his tariff policy "kind reciprocal," saying he could've been much harsher on US trading partners.
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Trump promised tariffs that would mirror what other nations assess. In fact, the calculation is quite different.
Russia and North Korea were excluded from Trump's tariff list as neither country engages in meaningful trade relations with the United States.
While U.S. President Donald Trump announced tariffs on allies and foes including Europe, India, Japan and China, some of the world's most heavily sanctioned countries - Russia, Belarus, Cuba and North Korea - avoided being singled out for special punitive treatment.
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A new bipartisan bill in U.S. could slap heavy costs on Vladimir Putin's war machine and hand Donald Trump extra leverage for the peace negotiations.
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President Trump's sweeping new set of tariffs impact friends and foe alike, but also on the list are uninhabited islands while glaring omissions include Russia and Iran.
U.S. tariff hikes may slow down world economic growth and fuel inflation, and oil prices could be lower than forecast for several years as a result of reduced global demand, the Russian central bank said on Wednesday.
Russia left off because there was no meaningful trade with it, while Cuba, Belarus and North Korea were already heavily sanctioned.