It is known that the U.S. government will impose \u201cbomb tariffs\u201d on Russian aluminum and enter into sanctions to effectively block imports.<\/p>\n
Bloomberg News reported on the 6th, citing multiple sources, that the US is preparing to impose a 200% tariff on Russian aluminum that invaded Ukraine.<\/p>\n
The sanctions are expected to be officially announced this week.<\/p>\n
Sources said the U.S. government had been considering such measures for several months, saying that Russia hurt U.S.-related companies by selling its own aluminum to the U.S. market at a bargain price.<\/p>\n
In the meantime, the United States has been reviewing a full-scale import ban on Russian aluminum, imposition of high tariffs that can have the effect of effectively banning imports, and sanctions against Russian aluminum producer Rusal.<\/p>\n
\u201cSuch high tariffs would effectively cut off the U.S. from importing aluminum from Russia,\u201d Bloomberg observed.<\/p>\n
Russia is the world’s second largest producer of aluminum, and Rusal is the world’s second largest aluminum company after China Hongqiao.<\/p>\n
Russian aluminum accounts for 10% of US aluminum imports.<\/p>\n
Therefore, this measure is expected to affect the global aluminum market as well.<\/p>\n","protected":false},"excerpt":{"rendered":"