News

Tariffs on Import of Aluminum from Serbia to USA Raised to 25.84%

Thursday, 04. Mar 2021.

The U.S. Department of Commerce today announced its decision on the implementation of antidumping tariffs on the import of aluminum alloy sheets from 18 countries, including Serbia.

The tariff on the import of aluminum sheets from Serbia will be raised to 25.84% from the projected tariff of 11.67% from the preliminary decision dating back to October 2020, the U.S. Department of Commerce announced on its official website.

According to the department, the import of aluminum from Serbia to the USA was worth USD 9.8 million in 2019.

In addition to Serbia, the list features: Bahrain, Brazil, Croatia, Egypt, Germany, India, Indonesia, Italy, Oman, Romania, Slovenia, South Africa, Spain, Taiwan, Turkey, Greece and South Korea.

The biggest increase pertains to the tariff on the import of aluminum from Germany, from 49.40% to 242.80%, and Brazil, from 49.61% to 137.06%.

As for the countries from the region, the tariff on the import of aluminum from Croatia will be 3.19%, slightly down from the preliminary decision to have it at 3.22%. For Slovenia, a tariff of 13.43% has been set, and for Romania, 37.26%.

Zero tariff will be implemented for Greece and South Korea.

These charges follow the 10% tariffs that the former president Donald Trump’s administration implemented last year citing the National Security Law.

The final decision on the new tariffs was made hours after the senate confirmed the appointment of Gina Raimondo as the new commerce secretary by a majority vote.


Source: eKapija

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