Australia to impose tariff increases on all imports from Russia

The Australian government announced on Thursday that it will impose tariff increases on all imports from Russia.

The Russian imports will be hit with 35% tariffs, effective from April 25.

Separately, Russian Foreign Minister Sergey Lavrov reportedly said that “Russia considers the presence of any US, NATO military infrastructure in countries bordering Afghanistan unacceptable.”

Market reaction

The Antipodeans reacted negatively to the above announcement, with AUD/USD dropping below 0.7500 while the kiwi is testing lows near mid-0.6900s.

Our Source

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