1、 https:/crsreports.congress.gov April 1, 2022Russias Trade Status, Tariffs, and WTO Issues Following Russias 2022 invasion of Ukraine, Congress is considering legislation to revoke Russias permanent normal trade relations (PNTR) status, which provides unconditional, nondiscriminatory, most-favored n
2、ation (MFN) treatment to goods and services traded with Russia. On March 11, 2022, President Joe Biden announced his support for such legislation, in coordination with the G-7 countries. On March 17, the House passed H.R. 7108, which would suspend PNTR with Russia and Belarus; provide the President
3、authority to further increase non-MFN tariffs; and provide authority to restore normal trade relations (NTR) under certain conditions. It also directs the U.S. Trade Representative (USTR) to use its “voice and influence” at the World Trade Organization (WTO) to encourage other WTO members to suspend
4、 trade concessions; consider further steps toward suspending Russia from the WTO; and seek to halt Belaruss accession process. Removing Russias PNTR status would increase applicable duties on U.S. imports from Russia, potentially impacting certain sectors reliant on Russian inputs, and raise issues
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