Proc 10420ProclamationBiden · D Quiet signal

Proclamation 10420

Increasing Duties on Certain Articles From the Russian Federation

This proclamation increases tariffs on certain Russian imports to 35 percent ad valorem under column 2 of the Harmonized Tariff Schedule, effective July 27, 2022. It builds on prior trade restrictions by targeting Russian goods not already banned by earlier executive orders and legislation, while also formally adding Russia and Belarus to the HTSUS list of countries subject to column 2 duties.

Impact dates

  1. 35% ad valorem duties and HTSUS modifications effective for goods entered or withdrawn for consumption

Key directives

  • Increase column 2 rates of duty to 35% ad valorem on certain Russian products listed in Annex A
  • Add Russia and Belarus to General Note 3(b) HTSUS list of countries subject to column 2 duties via Annex B
  • Effective date: 12:01 a.m. EDT on July 27, 2022 (30 days after signing)
  • Supersede inconsistent provisions of prior proclamations and executive orders
  • Monitor implementation and revisit determination as appropriate

Timeline

Immediate

  • Proclamation signed June 27, 2022
  • Supersession of inconsistent prior proclamations and EOs

Near term (90d)

  • 35% ad valorem duties take effect July 27, 2022 (30 days after signing)
  • HTSUS modifications implemented via Annex A and B

Long term

  • Duties continue unless expressly reduced, modified, or terminated
  • Ongoing monitoring of implementation with potential revisitation of determination

Risks & tensions

  • Potential supply chain disruptions for U.S. importers reliant on affected Russian goods
  • Inflationary pressure on consumers from higher import costs
  • Risk of Russian retaliation against U.S. exports or commercial interests
  • Monitoring clause suggests potential for policy uncertainty and future adjustments
  • Belarus inclusion in General Note 3(b) extends scope beyond Russia despite proclamation title
Proclamation 10420: Increasing Duties on Certain Articles From the Russian Federation · Executive Orders