General

According to Russian media reports on July 2, local time, a document released by the U.S. government stated that the United States will impose a 35% import tariff on 570 Russian goods from July 27, and announced the list of additional tariffs.

According to reports, the list of goods subject to tariffs includes minerals, wood products, metals and other types of goods. Imports of tariffed goods totaled $2.3 billion, according to U.S. government statistics. Palladium, platinum, titanium and some cast iron and nickel products are not included in the list. According to reports, Russia is one of the world's largest exporters of palladium and a major source of palladium imports to the United States. U.S. officials have previously acknowledged that the sanctions were carefully crafted to make Russia pay.

In a separate statement, U.S. Trade Representative Catherine Day said the products affected would include "steel and aluminum; minerals, ores, and metals; chemicals; weapons and ammunition; wood and paper products; aircraft and parts; and automobiles. parts."

For steel products, the levy 35 will be imposed on certain powders under ITC HS code 72052900, certain ferrous scrap and scrap under code 72044900, various pipes under subcode 7300, and some semi-finished products under codes 72071200 and 72249000 % tariff.

For aluminium products, several types of bar, rod, wire, plate, sheet and strip will be subject to a 35% duty. The tariff hike also applies to some ferroalloys such as ferromanganese and ferrosilicon.