Biden calls to end Russia’s ‘Most Favored Nation’ status

Annie Andersen: AS RUSSIA CONTINUES ITS INVASION OF UKRAINE THE WORLD IS PUSHING BACK

WITH THE U-S, E-U AND G-7 COUNTRIES UNVEILING  A PLAN TO  REVOKE RUSSIA’S PERMANENT NORMAL TRADE RELATIONS 

TAKE SOT- BIDEN

<<”revoking PNTR for Russia is going to make it harder for Russia to do business with the United States, and doing it in unison with other nations that make up half of the global economy will be another crushing blow to the Russian economy.”>>

Annie Andersen:

THE MOVE CLEARS THE WAY FOR INCREASED TARIFFS ON RUSSIAN IMPORTS.

TAKE SOT- BIDEN

<<”most favored nation status designation means two countries have agreed to trade with each other under the best possible terms, low tariffs, few barriers to trade, and the highest possible imports allowed.”>>.

Annie Andersen: IN GENERAL ALL COUNTRIES WITH MOST FAVORED NATIONS STATUS.. OR P-N-T-R… PAY THE SAME RATE TO IMPORT SOMETHING TO AMERICA.

BUT IF RUSSIA LOSES THAT STATUS THEIR RATE COULD SKYROCKET.. TO 59 PERCENT IN SOME CASES… ACCORDING TO RESEARCH FROM THE PROGRESSIVE POLICY INSTITUTE.  

BUT P-P-I ALSO  FOUND THAT IN MOST CASES.. RUSSIAN IMPORTS WOULD HAVE JUST A NEGLIGIBLE INCREASE. 

BIPARTISAN BILLS TO DO THIS HAVE ALREADY BEEN INTRODUCED IN THE HOUSE AND SENATE.. 

AS THIS DECISION IS ACTUALLY UP TO CONGRESS.

THIS IS A BIG MOVE.. RIGHT NOW ONLY TWO COUNTRIES.. CUBA AND NORTH KOREA.. HAVE HAD CONGRESS STRIP THEIR STATUS. 

PRESIDENT BIDEN ALSO INTRODUCED A PLAN TO BAN EVEN MORE RUSSIAN ITEMS FROM COMING INTO THE COUNTRY.. 

INCLUDING SEAFOOD VODKA AND DIAMONDS.

SOUNDS SMALL.. BUT ALONG WITH OIL THE BANNED ITEMS MAKE UP MORE THAN 70 PERCENT OF RUSSIAN IMPORTS TO AMERICA.. 

THE G-7 IS ALSO WORKING TO STOP RUSSIA FROM BORROWING FROM THE BIGGEST MULTINATIONAL BANKS. 

TAKE SOT- BIDEN

<<” Putin is an aggressor, he is the aggressor, and Putin must pay the price”>>

Annie Andersen: STRAIGHT FROM DC I’M AA