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28 MARCH 2018 AL CIRCLE

Russia should be granted an exemption from US aluminium tariffs, Rusal says

EDITED BY : HEENA IQBAL 1MINS READ

Russian aluminium producer Rusal said that the company believed Russia should be granted an exemption from the tariffs on imports of aluminium and steel imposed by the United States. Rusal supplies to the US markets with the low carbon aluminium.

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"Our subsidiary Rusal America in State of Delaware has been operating since 1999. We supply to the US market products with low carbon footprint, which are marketable, though scarce.”

“ We assume that Russia should be exempted from tariffs for protecting American consumers from price growth, and for ensuring that the American manufacturing industry remains competitive," the company’s spokesman told TASS.

U.S. President Donald Trump has temporarily exempted Argentina, Australia, Brazil, South Korea, Canada, Mexico and the European Union from import duties- 10 per cent on imported aluminium and 25 per cent on imported steel- until May 1, 2018.

The US tariffs on imported aluminium and steel imposed by the United States came into force starting March 23.


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EDITED BY : HEENA IQBAL 1MINS READ

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