U.S. Imposes Additional Tariffs on Russian Textile Imports
The United States has announced new tariffs on specific Russian textile products, including plain weave fabrics weighing less than 250 g/m² (HS Code: 5407.41), as part of broader sanctions due to geopolitical tensions.
2023-10-15
Impact: This tariff hike is likely to reduce imports of these fabrics from Russia, increasing costs for U.S. buyers and potentially shifting sourcing to other countries.
Russia Responds with Export Restrictions on Textiles to the U.S.
In retaliation to U.S. sanctions, Russia has imposed export restrictions on certain textile categories, including plain weave fabrics of filaments measuring not more than 136 tex, affecting U.S. importers.
2023-09-28
Impact: These restrictions could lead to supply shortages in the U.S. market, driving up prices and forcing companies to seek alternative suppliers.
Decline in U.S.-Russia Textile Trade Amidst Sanctions
Trade data shows a significant drop in U.S. imports of Russian plain weave fabrics (HS Code: 5407.41) due to ongoing sanctions and trade barriers, with volumes decreasing by over 40% year-over-year.
2023-08-10
Impact: The decline signals a long-term disruption in bilateral trade for this category, pushing U.S. businesses to diversify supply chains.
