The U.S. is preparing a 200% tariff on Russian-made aluminum as soon as this week it was reported by, Bloomberg Monday. The White House National Security Council didn’t immediately respond to requests for comment. Before delivering sanctions, the US needs to be comfortable American industries, including aerospace and automobiles are not to be suffer collateral damages the sources said. The move is in response to Russia dumping aluminum on the U.S. market and harming American companies such as Alcoa who … Continue reading “U.S. Preparing 200% Tariff on Russian Aluminum to Protect American Producers”
How The Rusal and Ruble Plunge Fed China’s Xi New Outlook
The Russian Ruble fell around 4% against the USD after the latest sweeping U.S. sanctions from the US. Russia’s largest aluminium producer Rusal plunged into crisis leading to panic selling and contagion spread to other companies and bond and FX markets.