Joe Biden signed a proclamation on adjusting imports of aluminum into the United States. The tariff will be 200% on all imports of russian-made aluminum.
“Russia continues its unjustified, unprovoked, unyielding, and unconscionable war against Ukraine. The russian aluminum industry is a key part of russia’s defense industrial base and has played a major role in supplying russia with weapons and ammunition used in the war. In addition, russia’s war against Ukraine has caused global energy prices to rise, causing direct harm to the United States aluminum industry,” reads the decree.
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According to the document, a 200% tariff on aluminum articles and derivative aluminum articles that are the product of russia will come into force on March 10, 2023, and a 200% tariff on products which are manufactured using any amount of aluminum cast or smelted in russia will enter into force on April 10, 2023.
Moreover, President Biden announced additional tariff increases on a variety of goods from russia. The President raised tariffs on most metal, and metal products, to 70%, further targeting this crucial sector of russia’s economy. Joe Biden also increased tariffs on additional russian products to 35%.
“These measures are designed to target key russian commodities generating revenue for the kremlin while reducing U.S. reliance on russia,” the State Department noted.
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