Higher Tariffs on Russian/Belarusian Ferrosilicon, Boost for Domestic Production.
This act increases tariffs on ferrosilicon imported from Russia and Belarus, which might affect prices of products containing this material. It also requires an assessment of domestic production capacity before imposing additional tariffs on other goods from these countries, aiming to protect American businesses and jobs. Citizens might experience an indirect impact on the prices of certain goods.
Key points
Increased duty rate to 35% on ferrosilicon from Russia and Belarus, potentially impacting US production costs.
Requirement for assessing US producers' ability to meet demand before imposing new tariffs on other Russian and Belarusian goods.
Extension of authority to impose tariffs on products from Russia and Belarus until 2025.
Expired
Citizen Poll