The United States will impose a 200% tariff on imports of products manufactured with Russian aluminum or smelted in Russia, a move that could have repercussions on global supply chains.
Thus, manufacturers abroad that export to the United States could also be affected, since their equipment would not be able to use Russian aluminum or parts made with this material at any stage of manufacture. The tariff on aluminum will come into force on March 10, while the tariff on aluminum derivatives will take effect one month later, on April 10.
This new measure is in addition to the one planned at the beginning of February, whereby a 200% tariff would be decreed, but at that time, only on the purchase of the metal itself, not on its derivatives.Winning strategy in the stock market: buy value and better if it is high qualityBailey(BoE): another rate hike "may be appropriate", but nothing has beendecidedGerman inflation does not fall below 8.7% in February and food rises by 21.8%Sacyrraises its Ebitda by 63%, to 1,502 million, and reaches record profitability of 26%WallStreet anticipates soft buying, with the S&P 500 close to key supportsReadmore...
The first initiative of the White House had already been contemplated for several months in order to damage the Russian economy due to the war in Ukraine. If carried out, the import of this metal from Russia would become unviable. Currently, 3% of the aluminum purchased by the USA on the international markets comes from this country.
The measure also seeks to punish Moscow-sponsored dumping of Russian aluminum, which harms U.S. companies.
U.S. President Joe Biden has defended the tariff as"an important step to ensure the viability of the U.S. aluminum industry."
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