Friday, March 11, 2022

US Revokes PNTR for Russia

On March 11, 2022, President Biden announced that the U.S. is revoking Permanent Normal Trade Relation status for Russia. He also announced that certain imports from Russia are BANNED. For the imports not banned the rate of duty will shift from the Column 1 General Rate (PNTR) to Column 2 rates, which are often much higher. The table below shows what this will mean for the commodities in which we have the most import trade from Russia.

HTSUS Brief Description 2021 Dollar Value PNTR Rate Column 2 Rate
0306.14.40 Crabs $1,096,028,272 Free Free
2709.00.20 Petroleum $3,421,513,989 10.5 cents per barrel 21 cents per barrel
2710.12.15 Motor fuel $1,264,639,011 52.5 cents per barrel $1.05 per barrel
2710.12.25 Naphtha $528,649,337 10.5 cents per barrel 21 cents per barrel
2710.12.45 Petroleum $584,937,142 10.5 cents per barrel 21 cents per barrel
2710.19.06 Petroleum $9,036,773,165 5.25 cents per barrel 21 cents per barrel
2710.19.11 Petroleum $1,655,959,951 10.5 cents per barrel 21 cents per barrel
2710.19.16 Jet fuel $113,386,487 52.5 cents per barrel $1.05 per barrel
2711.12.00 Propane $104,432,369 Free Free
2711.29.00 Gas $210,580,565 Free Free
2713.11.00 Petroleum coke $200,381,936 Free Free
2844.20.00 Uranium $645,489,213 Free Free
3102.10.00 Fertilizer $399,747,929 Free Free
3102.80.00 Fertilizer $262,596,239 Free Free
3104.20.00 Fertilizer $358,770,384 Free Free
4412.33.06 Plywood $310,905,479 Free Free
7102.39.00 Diamonds $294,395,135 free 10% BANNED
7106.91.10 Silver $143,915,983 Free Free
7110.21.00 Paladium $1,589,192,521 Free Free
7110.31.00 Rhodium $672,520,947 Free Free
7201.10.00 Pig iron $1,157,617,274 Free $1.11 per metric ton
7202.21.50 Ferrosilicon $192,811,127 1.1% 11.5%
7202.49.50 Ferrochromium $120,397,725 3.1% 30%
7207.12.00 Certain iron products $886,744,073 Free 20%
7601.20.90 Aluminum $337,943,639 Free 10.5%
8108.90.60 Titanium $108,078,088 15% 45%
8412.10.00 Reaction engines $126,266,146 Free 35%
9306.30.41 Arms cartriges $163,511,946 Free 30%
All Others $3,669,499,834
Total: $29,657,685,906

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