From March 10, 2023, the United States will impose duties of 200% on imports of Russian aluminum products. The corresponding decision was made by US President Joe Biden, the press service of the White House reports on February 24.
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It is clarified that this measure is designed to “reduce the import of aluminum products and increase the utilization of domestic capacities.”
“A 200 percent tariff on the import of aluminum products if any amount of primary aluminum used in the production of aluminum products is smelted in Russia or the aluminum products are cast in Russia,” the decree says.
At the same time, customs exemptions can be made for American partners who will introduce the same duties. As the document highlights, concerns about aluminum imports from Russia are shared by other countries.
“Any country that imposes a duty of 200% or more on its imports of aluminum products manufactured in Russia may be exempt from the duty established by this regulation,” the publication says.
In addition, the US President instructed to increase customs duties on the import of Russian metals, minerals and some chemical products in the amount of $2.8 billion. This was announced on February 24 by the US representative at trade negotiations Catherine Tai.