White House explains why new tariffs do not apply to Russia and North Korea
=The White House explains why the new US tariffs bypassed Russia (Illustrative photo: Getty Images)
Global reciprocal tariffs announced today by US President Donald Trump have excluded a number of sanctioned countries. Among them are Russia and North Korea, according to The New York Times.
A White House representative told the American newspaper on the condition of anonymity that the reciprocal tariffs presented by Trump do not apply to Belarus, Cuba, Russia, and North Korea because these countries are already under sanctions and face significant tariffs.
According to a Trump administration representative, these countries are already facing extremely high tariffs, and our previously imposed sanctions hinder any significant trade with these nations.
New global tariffs from the US
The US president announced the introduction of a universal or minimum base tariff of 10% on imports from all countries around the world, along with additional individual tariffs for approximately 60 countries.
The list of tariffs published by the White House includes 183 countries and the European Union.
It should be added that basic tariffs of 10% will be introduced for Ukraine. Additionally, official Washington has stated that tariffs on Canada and Mexico will not be applied at this time.
The mutual tariffs from Trump are set to take effect on April 9. The minimum base tariff will be applied to all countries starting on April 5.
Trump has also signed an executive order introducing 25% tariffs on cars and auto parts imported into the US. The tariffs on cars will take effect from April 3, while those on auto parts will follow shortly thereafter.
The White House has stated that the US does not plan to introduce mutual tariffs on certain imported products. Specifically, exceptions will be made for goods deemed critical for production and national security.
