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White House to remove Russia from trade benefits program
reuters.com "President Barack Obama gave the U.S. Congress official notice on Wednesday that he plans to pull Russia from a program that allows duty-free imports of certain goods, known as the Generalized System of Preferences, the White House said.
The GSP program is currently awaiting congressional reauthorization. Once that happens, the United States will no longer allow goods from Russia, such as steel-making materials,
tires and ceramics, to enter the country duty-free.
Instead, they would be subject to normal tariffs, which average about 3 percent, a spokesman for the U.S. Trade Representative said."
to read more: reuters.com
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