US Plans 200% Tariff on Russian Aluminum

US Plans 200% Tariff on Russian Aluminum

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Interactive Video

Business

University

Hard

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The video discusses the US administration's consideration of imposing a 200% tariff on Russian aluminum, which would effectively ban it due to high costs. The US imports about 10% of its aluminum from Russia. The decision has been under deliberation for months, with concerns about market reactions similar to those in 2018 when sanctions were placed on Oleg Deripaska, a major stakeholder in RUSAL. The administration aims to avoid past market chaos while addressing current geopolitical tensions.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Who reported on the deliberations of the US administration regarding the tariff?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What might be a reason for the current administration to consider the tariff on Russian aluminum?

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