Russia's Stance on US Tariff Policy

According to reports, the Russian Foreign Ministry Spokesperson Maria Zakharova stated Russia's stance on the US comprehensive tariff policy on the 9th local time.

“In my opinion, the White House's latest tariff decision violates or undermines the basic principles of the World Trade Organization. This shows that Washington no longer considers itself bound by international trade law norms,” the report quoted Zakharova as saying.

Previously, Russian Presidential Press Secretary Dmitry Peskov said at a press conference that the current situation in the global oil market is extremely unstable, and market participants generally hold a pessimistic outlook. This is related to the US decision to impose additional tariffs on most countries and regions in the world.

He emphasized that oil revenue is an important part of Russia's budget revenue. Russia will closely monitor the development of the situation and try its best to mitigate the negative impact of falling oil prices on the Russian economy.

On April 2nd local time, Donald Trump signed an executive order on tariffs, announcing that the US would set a “minimum baseline tariff” of 10% for its trading partners and impose higher tariffs on some trading partners, but Russia was not on the list.

In response, Trump said on the 7th local time that the reason he did not take tariff measures against Russia again was that “we essentially don't do business with Russia.”

Peskov said that the reason why Russia was not included in the above - mentioned list was obvious: the trade volume between Russia and the US was not large, and there was “almost no economic and trade relationship” between the two countries.

However, White House National Economic Council Director Kevin Hassett said in an interview on the 6th local time that the Trump administration did not impose tariffs on Russia to avoid affecting the ongoing peace negotiations between Russia and Ukraine.

“Obviously, negotiations between Russia and Ukraine are underway. I think the president decided not to mix these two issues,” Hassett said, adding that this did not mean that Russia would be treated completely differently from other countries.

Currently, the US's new tariff policy has sparked strong dissatisfaction globally. Some economists and business people have warned that these tariff measures will drive up prices, harm the interests of US consumers and US companies, disrupt global trade, and are not conducive to global economic development.