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Commodity Markets: US Announces Tariffs on Russian Metals Including Aluminum

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Mar 08, 2023

Commodity Markets: US Announces Tariffs on Russian Metals Including Aluminum

Action against Russia’s aluminum received fervent support from US producers. Joe

Action against Russia's aluminum received fervent support from US producers.

Joe Deaux

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The US will impose a 200% tariff on all imports of Russian-made aluminum, as well as aluminum products made with metal smelted or cast in the country, in a move that could ripple through global manufacturing supply chains.

Bloomberg has previously reported plans for the punitive duty on Russian aluminum imports, but the addition of aluminum products that only include Russian metal suggests the move could have a much wider impact. The decision threatens to force manufacturers elsewhere who sell into the US market to rethink their entire manufacturing process of sheet aluminum, extruded products and other aluminum parts that use Russian metal.