Australia to impose tariff increases on all imports from Russia

Dhwani Mehta FXStreet

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.

AUD/USD hovers around 0.7500 amid awful Chinese PMIs, oil price slump

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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