U.S. Imposes New Tariffs on Russian-Origin Products Under HS Code Provisions
The United States has announced additional tariffs on products of the Russian Federation as outlined in U.S. note 30(a) and subheadings in U.S. note 30(b). This measure targets specific goods to curb trade amid ongoing geopolitical tensions.
October 15, 2023
Impact: This is likely to reduce imports of Russian-origin products into the U.S., affecting supply chains and potentially increasing costs for American businesses reliant on these goods.
Ethiopia Strengthens Trade Ties with U.S. Amid Russian Product Restrictions
Ethiopia is exploring opportunities to fill gaps in the U.S. market caused by restrictions on Russian products under HS Code provisions. Discussions focus on agricultural and textile exports.
September 28, 2023
Impact: This could boost Ethiopia's exports to the U.S., providing an alternative source for goods previously sourced from Russia, potentially benefiting Ethiopian exporters.
U.S. and Ethiopia Discuss Trade Agreements to Offset Russian Imports
U.S. and Ethiopian officials met to negotiate trade agreements that could see Ethiopia supplying products impacted by tariffs on Russian goods under U.S. note 30(a) and 30(b) provisions.
August 10, 2023
Impact: If successful, this could lead to increased bilateral trade, with Ethiopia gaining market access in the U.S. and helping to diversify supply chains away from Russian imports.
