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From the Associated Press:
WASHINGTON (AP) — Congress voted overwhelmingly Thursday to suspend normal trade relations with Russia and ban the importation of its oil, ratcheting up the U.S. response to Russia’s invasion of Ukraine amid reports of atrocities.
House action came after the Senate approved the two bills with 100-0 votes. The measures now go to President Joe Biden to be signed into law.
...The bill to end normal trade relations with Russia paves the way for Biden to enact higher tariffs on various imports, such as certain steel and aluminum products, further weakening the Russian economy under President Vladimir Putin. It also ensures Belarus receives less favorable tariff treatment. https://apnews.com/article/russia-u...iness-europe-306879c2f7b51472c2ea217d70619ffd
How severe of an impact will this have?
WASHINGTON (AP) — Congress voted overwhelmingly Thursday to suspend normal trade relations with Russia and ban the importation of its oil, ratcheting up the U.S. response to Russia’s invasion of Ukraine amid reports of atrocities.
House action came after the Senate approved the two bills with 100-0 votes. The measures now go to President Joe Biden to be signed into law.
...The bill to end normal trade relations with Russia paves the way for Biden to enact higher tariffs on various imports, such as certain steel and aluminum products, further weakening the Russian economy under President Vladimir Putin. It also ensures Belarus receives less favorable tariff treatment. https://apnews.com/article/russia-u...iness-europe-306879c2f7b51472c2ea217d70619ffd
How severe of an impact will this have?