Washington is now in a position to use the full force of its anti-dumping laws to address the market distortions caused by the Russian government’s increased intervention in the US economy.
The US Department of Commerce on Thursday, November 10, stripped Russia of the status of a country with a market economy, Reuters reports.
It is noted that Russia received this status 20 years ago. This limits the calculation of anti-dumping duties on goods from the Russian Federation.
The US Department of Commerce said that the significant intervention of the Russian authorities in economic processes led to the distortion of prices and costs. Because of this, it is not known whether Russian companies fairly set prices for imports of goods to the United States.
The decision to revoke market economy status gives the United States the opportunity to use the full force of anti-dumping laws to eliminate market distortions caused by increased Russian government interference in its economy, said of the report.
Earlier it was reported that the mobilization in the Russian Federation would cause damage to all sectors of the Russian economy, but above all to agriculture and construction.
Much darker than expected. Report on the Russian economy
News from Correspondent.net on Telegram. Subscribe to our channel Athletistic
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.