• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Wind turbines in a field with superimposed graphs showing growth. Renewable energy and supply chain implications. - Supply Chain News

Potential Implications of Suspending US Trade Relations with Russia for Supply Chains

03/30/2022
Malaysia Warns U.S. Chip Tariffs Could Hurt Competitiveness

Malaysia Warns U.S. Chip Tariffs Could Hurt Competitiveness

10/10/2025
ASASOFT GROUP Nominated for the Go Global Awards 2025

ASASOFT GROUP Nominated for the Go Global Awards 2025

10/10/2025
CEOs Warn Tariffs Could Disrupt Business and Raise Consumer Prices

CEOs Warn Tariffs Could Disrupt Business and Raise Consumer Prices

10/10/2025
U.S. Tariffs Drive 44% Drop in Key Chinese Imports as Trade Volumes Shift

U.S. Tariffs Drive 44% Drop in Key Chinese Imports as Trade Volumes Shift

10/10/2025
Daily Price Tracking Shows Gradual but Noticeable Impact of U.S. Tariffs on Consumers

Daily Price Tracking Shows Gradual but Noticeable Impact of U.S. Tariffs on Consumers

10/10/2025
Mexico Delays Tariff Hike Decision, Plans Talks with China and Other Trade Partners

Mexico Delays Tariff Hike Decision, Plans Talks with China and Other Trade Partners

10/10/2025
Business team analyzing financial reports with charts and calculator; Canada's economic struggles. - Supply Chain News

Carney Heads to Washington for Tariff Talks Amid Canada’s Economic Struggles

10/10/2025
Amara Studio Sphere Nominated for the Go Global Awards 2025

Amara Studio Sphere Nominated for the Go Global Awards 2025

10/09/2025
Business in a Box Nominated for the Go Global Awards 2025

Business in a Box Nominated for the Go Global Awards 2025

10/08/2025
European Union Proposes 50% Steel Tariffs Amid Global Trade Realignments

European Union Proposes 50% Steel Tariffs Amid Global Trade Realignments

10/08/2025
U.S. CEOs Warn Tariffs Could Raise Costs and Disrupt Business Operations

U.S. CEOs Warn Tariffs Could Raise Costs and Disrupt Business Operations

10/08/2025
Tariff Deal Remains Unresolved After Trump’s Meeting with Canadian Prime Minister

Tariff Deal Remains Unresolved After Trump’s Meeting with Canadian Prime Minister

10/08/2025
supplychainreport
Saturday, October 11, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Potential Implications of Suspending US Trade Relations with Russia for Supply Chains

by Geraldine S.
03/30/2022
in Global Trade, Supply Chain, Trade Policies

YOU MAY ALSO LIKE

Malaysia Warns U.S. Chip Tariffs Could Hurt Competitiveness

CEOs Warn Tariffs Could Disrupt Business and Raise Consumer Prices

The United States is contemplating the suspension of normal trade relations with Russia as a response to Russia’s ongoing invasion of Ukraine. On March 17, the House of Representatives approved a bill that would suspend normal trade relations not only with Russia but also with Belarus, subjecting both countries to tariff rates typically reserved for non-favored trading partners. This legislation, which still requires Senate approval, is expected to be signed into law by President Joe Biden.

At first glance, revoking Russia’s “most favored nation” status may seem symbolic. However, it sets the stage for broader U.S. sanctions targeting Russia’s entire economy, rather than specific individuals, companies, or exports. Michael Murphree, an assistant professor of international business at the University of South Carolina, explains, “It’s the normative status of further making Russia and the Russian economy an international pariah. It’s saying that as a result of the situation in Ukraine, Russia will not be able to be treated in any sector of the global economy like a normal nation.”

While the immediate impact on supply chains may be limited, the move to downgrade Russia’s trade standing with the U.S., expected to be coordinated with allied countries, is not merely a procedural maneuver to isolate and embarrass Russia. The “most-favored nation” status designation, established by the World Trade Organization, encompasses fair-trading standards between countries. Revoking it grants the U.S. the authority to impose tariffs or other trade restrictions across an entire economy. Previously, sanctions against Russia primarily targeted individuals, including President Vladimir Putin, specific companies, and certain sectors like alcohol and seafood.

However, many sectors remain unsanctioned, and Russia is a significant exporter to the U.S. For example, approximately 12% of U.S. fertilizer imports came from Russia last year. Base metals, iron and steel, lead, and nickel are among the commodities that could experience price surges as companies seek alternative sources to replace Russian imports. As Murphree notes, it’s not only the Russian goods themselves that may become more expensive due to tariffs but also the competition for non-Russian sources that can drive up prices.

Nevertheless, the House bill introduced by Rep. Richard Neal of Massachusetts, as currently written, may not significantly impact many of Russia’s top exports to the U.S. For example, fertilizers, platinum, and palladium are unlikely to see major rate changes. However, the bill does grant the president the authority to impose higher tariffs than those reserved for non-favored trading partners. For context, non-favored trading partners are subject to a 6.6-cent-per-kilogram tariff on nickel products and a 6% tariff on copper, while favored trading partners do not face tariffs for these products. Non-favored partners also face higher tariffs, 18.5%, on aluminum products compared to the 2.6% rate for favored partners.

Automakers have already noticed significant increases in nickel prices, potentially affecting electric vehicle prices, as nickel is crucial in Li-Ion battery production and the stainless steel process. Amid rising costs and disruptions, companies must prioritize visibility to understand how their supply chains will be impacted. Julie Gerdeman, CEO of Everstream Analytics, emphasizes the importance of knowing suppliers’ suppliers and monitoring risk at various levels, from suppliers to materials and facility locations. This proactive approach is crucial for mitigating potential supply chain disruptions.

Get the latest supply chain report news insights at The Supply Chain Report. For international trade resources, visit ADAMftd.com.

#USRussiaTrade #SuspensionOfTradeRelations #RussiaSanctions #TradeTariffs #SupplyChainImpact #NickelPrices #FertilizerImports #AutomotiveSupplyChain #EVPrices #EverstreamAnalytics #GlobalTradePolicy #TradeWar #RussiaUkraineConflict #InternationalBusiness #EconomicSanctions #SupplyChainDisruptions #MostFavoredNation #CommodityPrices #USRussiaRelations #InternationalPariah

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.