U.S. Imposes Increased Tariffs on the Russian Federation

2024-03-04T16:33:44-05:00March 1st, 2023|

U.S. Imposes 200% Aluminium Tariff & Increases other Tariffs on Certain Articles from the Russian Federation.

On February 24, 2023, President Biden announced increased tariffs on certain articles imported from the Russian Federation. The modification proposed will add new articles to be targeted and subject to the original 35% tariff.  Additionally, a new group of articles will be subject to the 70%tariff increase, which may be found here. These modifications are scheduled to take effect on all qualifying goods entered for consumption or withdrawn from warehouse for consumption, on April 1, 2023.

The original group of articles and their Harmonized Tariff Schedule (HTS) targeted for the 35% tariff may be found in the Annex A, to the original announcement here.

Further, President Biden announced the imposition of increased section 232 tariffs of 200% on a range of aluminum articles. The first round of 200% tariffs takes effect March 10, 2023, targets aluminum articles and derivative aluminum articles that are the product of Russia. The second 200% tariff takes effect April 10, 2023 targets the primary aluminum used in the manufacture of aluminum articles and derivative aluminum articles, where the primary aluminum used is cast or smelt in Russia. The trade community is pending additional details on the increased 232 tariffs.

If you are impacted by these changes, we recommend a review of your continuous bond sufficiency to ensure it does not negatively impact your import privileges.

For additional questions, please contact the JSC Compliance Group.

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