The US may block imports of Russian aluminum by imposing 200% tariffs
However, the White House is concerned that this will harm the aerospace and automotive industries
The US government may stop supplying Russian aluminum to the country – Washington may impose a 200% tariff on metal imports from Russia.
Thus, the USA intends to put pressure on Moscow in connection with the approach of the anniversary of the invasion of Ukraine.
Source. Bloomberg writes about this with reference to sources.
Details. High tariffs will actually stop the supply of Russian aluminum to the United States, the agency notes. The final decision has not yet been made, President Joe Biden has not yet given official permission for this action, the sources say. The White House is worried that supply cuts will hurt the aerospace and automotive industries.
The US authorities have been considering imposing duties on aluminum imports for several months. Russia's only aluminum producer is Rusal, which belongs to the EN+ holding company founded by oligarch Oleg Deripaska.
Rusal is the world's second-largest aluminum producer, and for the United States, imports of this metal from Russia account for 10% of its total supply.
However, in October, aluminum imports from Russia to the United States fell by 3%. At the time, Bloomberg reported that the White House was discussing a complete ban on imports of Russian metal.
Demand for Russian metal in the United States was gradually declining due to the fact that aluminum companies from Europe were relocating production to the United States, providing the market with locally produced metal, analysts said.
If the United States cuts aluminum imports, Russia may redirect its exports to China, Bloomberg writes.