US to slap steep tariff on Russian aluminum – Bloomberg ...News

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US to slap steep tariff on Russian aluminum – Bloomberg
The measure would effectively ban US purchases of the metal from Russia, according to the news outlet Washington plans to impose a 200% customs duty on imports of aluminum from Russia, Bloomberg reported on Monday citing sources close to the discussions. According to the report, the measure may be introduced as early as this week. Bloomberg also noted that such a large tariff would effectively put an end to US purchases of the Russian metal, which would triple in price. Russia is the world’s second-biggest producer of aluminum after China, with a global market share of nearly 6%. Russian-supplied aluminum used to

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