Biden ordered to increase duties on imports of metals, minerals and chemical products from Russia

President Joe Biden on Friday ordered increased duties on U.S. imports of certain metals, minerals and chemical products from Russia totaling $2.8 billion, according to a released written statement from U.S. trade negotiator Catherine Thye.

Over the past year, President Biden has been working with our allies and partners to support Ukraine, impose tough costs on Russia and impose sanctions on it for its aggression against Ukraine. As part of that effort, President Biden today announced an additional increase in duties on a number of goods from Russia to the tune of about $2.8 billion.

President Biden raised tariffs on most metals and metal products, increasing them from 35% to 70%, affecting a critical revenue-generating sector of the Russian economy. President Biden also raised tariffs on other Russian goods to 35%, including chemical products and minerals.

You may be interested: More than 60 countries have agreed on the need to control weapons with AI