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In his speech, Mr. Putin outlined several other steps to spur Russia's economy, including a plan to limit increases in tariffs on electricity and other utilities, and to encourage lower interest rates on commercial loans.
1962 Euromart Hikes Duties Brussels — The European Common Market, in an unprecedented move, today [June 4] decided to raise its tariffs sharply on five American industrial products in retaliation for recent United States increases in tariffs on carpets and glass.
report concentrates on increases in tariffs, but also details stimulus packages, such as for the car industry, which many developing countries see as a more insidious form of protectionism because they favor domestic producers with cash injections that the poorer countries often cannot match.
Last year, the government changed its plan for a green levy on the industry in order to persuade the major energy companies to reduce proposed increases in tariffs.
The significant roles the auto sector plays in employment, exports and industrial production have heightened the political importance of responding to their vulnerabilities, which have been exacerbated by the credit crunch, prompting rescue packages including bridge loans, incentives to purchase domestic vehicles and increases in tariffs on imported cars and auto parts.
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An anticipated autumn increase in tariffs will add to the allure of regional power companies and help sway investors, he said.
Trump's memo cites additional examples of diplomatic arm-twisting, including an increase in tariffs on Mexican imports, putting a halt to legal immigration and increasing fees for visas and green cards.
Russian farmers have complained bitterly to the agriculture minister about foreign competition, and there has been talk of a five-point increase in tariffs for imported chicken of all kinds.
Benoy C. S., director of ICT Practice, Frost & Sullivan, South Asia & Middle East: "This verdict is good news for established incumbent operators and in short term we are likely to see some increase in tariffs.
The group has written to secretary of state for international trade, Liam Fox, calling for the government strike a deal with other EU countries that does not squeeze household budgets and to focus on lowering import costs and avoiding any increase in tariffs.
Data on the percentage increase in tariffs for the first and second review could not be found.
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