US Senators Mr Bill Cassidy (R-LA) and Mr Sherrod Brown (D-OH) have urged the Biden administration to increase duties on Russian ferrosilicon that contains 75% silicon to a 35% tax per unit in a letter to US Customs and Border Protection Acting Commissioner Mr Troy Miller and US Trade Representative Ms Katherine Taito help bolster US’s domestic production of ferrosilicon and replace Russian imports that finance the country’s illegal invasion of Ukraine.Senators wrote “Globe Specialty Metals and CC Metals and Alloys are two American producers of ferrosilicon. Since October 2021, CCMA has invested more than USD 10 million towards the expansion of its American production operations, creating new jobs in the process. According to industry projected production capacity, CCMA and Globe believe they could immediately replace nearly all Russian imports without supply interruptions.”Mr Cassidy and Ms Brown were leading voices in the Senate calling for the US to revoke Permanent Normal Trade Relations with Russia, introducing the bipartisan and bicameral No Most Favored Nation Trading with Russia Act to revoke Russia’s most-favored-nation status, which currently shields Russia from being subject to higher US tariffs. President Biden also announced his support to withdraw Russia’s special trade status.
US Senators Mr Bill Cassidy (R-LA) and Mr Sherrod Brown (D-OH) have urged the Biden administration to increase duties on Russian ferrosilicon that contains 75% silicon to a 35% tax per unit in a letter to US Customs and Border Protection Acting Commissioner Mr Troy Miller and US Trade Representative Ms Katherine Taito help bolster US’s domestic production of ferrosilicon and replace Russian imports that finance the country’s illegal invasion of Ukraine.Senators wrote “Globe Specialty Metals and CC Metals and Alloys are two American producers of ferrosilicon. Since October 2021, CCMA has invested more than USD 10 million towards the expansion of its American production operations, creating new jobs in the process. According to industry projected production capacity, CCMA and Globe believe they could immediately replace nearly all Russian imports without supply interruptions.”Mr Cassidy and Ms Brown were leading voices in the Senate calling for the US to revoke Permanent Normal Trade Relations with Russia, introducing the bipartisan and bicameral No Most Favored Nation Trading with Russia Act to revoke Russia’s most-favored-nation status, which currently shields Russia from being subject to higher US tariffs. President Biden also announced his support to withdraw Russia’s special trade status.
