The World Trade Organization (WTO) has announced that the United States (US) has requested consultations with Russia with respect to Russia's imposition of additional duties on certain products originating in the US, as response to the US Section 232 duties on steel and aluminum products.
In its submission, the US stated that Russia does not impose the additional duties on like products originating in the territory of any other WTO Member and Russia also appears to be applying rates of duty to US imports greater than the rates of duty allowed under Russia’s WTO membership terms.
In July this year, Russia imposed additional import duties ranging between 25 percent and 40 percent on certain goods from the US in order to compensate for about $87.6 million of the damage from US trade restrictions for Russian exporters, which is estimated at $537.6 million.