U.S. Hikes Tariffs on Russian Aluminum to 200%, Hikes Other Tariffs to 70% or 35%
On the first anniversary of the Russian invasion of Ukraine, the White House said that, beginning March 10, there will be a 200% tariff on Russian aluminum exports, including derivative products, and, beginning on April 10, aluminum articles from other countries that used any aluminum from Russia will also be tariffed at 200%, unless those third countries also impose 200% tariffs on imported Russian aluminum.
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The U.S. will also increase the tariffs on more than 570 groups of Russian products previously subject to a 35% tariff to 70% -- and will increase non-most-favored-nation tariffs to 35% on some minerals and chemicals from Russia.
The White House said it will be increasing tariffs on "more than 100 Russian metals, minerals, and chemical products worth approximately $2.8 billion to Russia."