Biden Set to Call for End of Russia’s Preferred Trade Status
- Ending trade privileges will mean higher tariffs for Russia
- Other countries, U.S. lawmakers have also demanded revocation
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President Joe Biden on Friday is set to call for an end of normal trade relations with Russia, clearing the way for increased tariffs on Russian imports, according to people familiar with the matter.
His announcement to revoke the trade privileges will come alongside the Group of Seven nations and European Union leaders, the people said.