Monitoring Desk
ISLAMABAD/WASHINGTON: The United States (US) would impose a 200% tariff on aluminum and derivatives produced in Russia from March 10.
The US Department of Commerce said that the United States would also apply a 200% tariff on aluminum imports of primary aluminum produced in Russia from April 10.
“President Biden has made it a priority to mitigate the effects of Russia’s invasion on domestic industries critical to our national security, including the American aluminum industry.”
“In imposing these tariffs, we are denying Russia the significant market for its aluminum while taking a stand for America’s workers.”
Russian aluminum is produced by Rusal, which accounts for about 6% of global supplies.
Imposition of tariffs by US
“Alcoa welcomes the imposition of tariffs by the United States government on Russian aluminum,” the US aluminum producer said. “We continue to advocate for sanctions as the most effective means for the government to take action against Russia and level the playing field for United States producers.”
