U.S. planning 200% tariff on Russian aluminum, Bloomberg reports

The U.S. is preparing to impose 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 Bloomberg’s Jenny Leonard, citing people familiar with the matter. The move has been contemplated for months, said the people, who added that the U.S. is also targeting the Russian metal because Moscow has been dumping aluminum on the U.S. market and harming American companies. Companies in the aluminum metal space include Alcoa (AA), Century Aluminum (CENX), Kaiser Aluminum (KALU), Constellium (CSTM) and Arconic (ARNC).Reference Link