Biden moves to revoke Russian trade status

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President Joe Biden on Friday announced that the U.S. and its international partners will move to revoke “most favored nation” trade status for Russia, which would result in higher tariffs on Russian goods.

The European Union and the Group of Seven countries are joining in the move, which is another punishment for Moscow over its invasion of Ukraine.

This article was originally published by Marketwatch.com. Read the original article here.

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