US Plans 200% Tariff on Russia Aluminum as Soon as This Week
- President Biden has yet to give official go-ahead on the move
- Tariffs would effectively end US aluminum imports from Russia
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The US is preparing to slap a 200% tariff on Russian-made aluminum as soon as this week to keep pressure on Moscow as the one-year anniversary of the invasion of Ukraine nears, according to people familiar with the situation.
President Joe Biden has yet to give the official go-ahead, and there have been concerns in the administration about collateral damage on US industries, including aerospace and automobiles, said the people, who asked not to be identified discussing internal deliberations.