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    February 24, 2023

    CRU Aluminum: Biden Admin Levies 200% Tariff on Russian Metal

    Written by Stephen Williamson

    On the morning of Feb. 24, the White House issued a proclamation to adjust aluminum imports and taking further action under Section 232 of the Trade Expansion Act of 1962. Following the guidance of the Secretary of Commerce, the president issued an order adding a 200% duty to Russian metal coming into the US. Imported aluminum articles, such as extrusions and rolled products, coming from any country that contains any Russian-sourced metal are also subject to this tariff. Speculation was in the market in recent weeks, dating back to the State of the Union address, but the anniversary of the war in Ukraine will mark the official issuance of this proclamation aimed squarely at Russia.

    CRU

    Stephen Williamson

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