The Russian response in the trade war against the United States was useless

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Photo: Alexander Kryazhev / RIA Novosti

Signed by Prime Minister Dmitry Medvedev on 6 July, the decree on higher duties on the part of the American import was symbolic. It is reported owned by Demyan Kudryavtsev, the newspaper “Vedomosti”.

In particular, the damage from American duties the Ministry of economic development estimates 537,6 million dollars, while additional revenues from imposing countermeasures will account for 87,6 million dollars. In addition, introduced by the Russian party fees, according to estimates of experts, affected less than three percent of all U.S. exports to Russia.

Employees of three of the five Russia’s largest steel companies say that the reduction of supplies from the United States specified in the resolution of their equipment would have no impact because they use equipment from Russia and Belarus.

Earlier, the Russian government approved the introduction of protective duties against the United States. The restrictions will affect construction and road machinery, equipment for oil and gas industry and metallurgy, as well as fiber. The fees will range between 25 to 40 percent.

The Russian actions were a mirror response to the American duties on shipments of steel and aluminum in the amount of 25 and 10 percent, respectively.

Video, photo All from Russia.

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