Higher Tariffs on Russian Ferrosilicon and New Domestic Production Review.
This law significantly raises tariffs on ferrosilicon imported from Russia and Belarus to 35% to boost American manufacturing of this material. It also establishes a new requirement: before imposing higher tariffs on other Russian or Belarusian goods, the government must assess whether US producers can meet domestic demand. This measure aims to stabilize supply chains while maintaining economic pressure on the two nations.
Key points
Tariffs on ferrosilicon (used in steel production) from Russia and Belarus are increased to 35%, aiming to support US jobs in the metallurgical industry.
Future tariff increases on other goods from these countries now require a public assessment of whether US companies can increase production to prevent supply shortages.
The authority to impose increased duties on Russian and Belarusian products is extended until 2025.
Expired
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