U.S. hits Russia with huge aluminum tariff on Ukraine war anniversary
And potential retaliation from Russia could be bad for automakers and car buyersWASHINGTON — The United States will impose a 200% tariff on aluminum and derivatives produced in Russia from March 10, the White House said on Friday, effectively a ban as it announced sanctions on the anniversary of Russia's invasion of Ukraine.
The United States will also apply a 200% tariff on aluminum imports of primary aluminum produced in Russia from April 10."Alcoa welcomes the imposition of tariffs by the U.S. government on Russian aluminum," the U.S. 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 U.S. producers.
Neither Russian metal nor the companies that produce it have been targeted by sanctions imposed on some Russian companies in response to Russia sending troops into Ukraine last year. In 2018, however, U.S. Treasury Department sanctions on Rusal froze the bulk of the company's exports, paralyzed its supply chain and s
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