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    Government/Policy

    June 29, 2022

    Biden Raises Tariffs on Some Russian Steel, Ali and Ferroalloys to 35%

    Written by Michael Cowden

    President Joe Biden has increased tariffs on some Russian and Belarussian steel, ferroalloys, and aluminum products to 35%, according to a presidential proclamation signed earlier this week and related documents.

    That’s a significant increase from already higher duties on some products that went into effect earlier this year when Russia and Belarus were stripped of what’s known as “permanent normal trade relations.”

    Michael Cowden

    Michael Cowden is editor-in-chief for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.

    Read more from Michael Cowden

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