Biden to call for end to normal trade relations with Russia: Source
President Joe Biden will call for an end to normal trade relations with Russia on Friday, following their invasion of Ukraine, according to a source familiar with the matter. The decision would give the White House clearance to increase tariffs on the Kremlin.
"Tomorrow President Biden will announce that the U.S., along with the G-7, European Union, will be calling to revoke Most Favored Nation status for Russia, or called permanent normal trade relations, ‘PNTR,’ in the U.S.,” according to the source. “Each country will implement based on its own national processes. President Biden and the administration appreciate the bipartisan leadership of Congress and its calls for the revocation of the PNTR. Following the announcement tomorrow, the Admin looks forward to working with Congress on legislation to revoke PNTR.”
A bipartisan group of lawmakers has already publicly voiced support for this move.
-ABC News' Justin Gomez