Russian Palladium Priced Too Low: U.S. Slaps on Extra Duties
Published Date: 5/1/2026
Notice
Summary
The U.S. Department of Commerce has decided that Russian palladium is being sold in the U.S. for less than its fair price. This means importers of Russian palladium will face extra duties starting May 1, 2026, to keep things fair for American businesses. If you buy or sell palladium, get ready for these new rules and possible price changes!
Analyzed Economic Effects
4 provisions identified: 0 benefits, 3 costs, 1 mixed.
Very Large Antidumping Duty Rate
If you import unwrought palladium from Russia, U.S. Commerce determined an estimated dumping margin of 132.83 percent and instructed U.S. Customs and Border Protection to require cash deposits at that rate. The suspension of liquidation and cash deposit requirement apply to entries entered or withdrawn for consumption on or after February 19, 2026, and the notice is applicable May 1, 2026.
Third-Country Exports Face Same Rate
Commerce instructed that the cash deposit rate applicable to the Russia-wide entity (132.83%) also applies to third-country exporters of subject unwrought palladium. This means exports routed through third countries will be subject to the same cash deposit requirement as direct Russian exporters.
ITC Decision May Reverse Or Confirm Duties
Commerce notified the U.S. International Trade Commission (ITC) and the ITC will decide within 45 days whether U.S. industry is materially injured by imports of palladium from Russia. If the ITC finds no material injury, cash deposits will be refunded or canceled and suspension of liquidation lifted; if the ITC finds material injury, Commerce will issue an antidumping duty order to assess duties on imports.
Broad Scope Covers Many Palladium Forms
The rule covers 'unwrought palladium' in many primary forms (ingots, blocks, grains, powder, sponge, cathodes, etc.) and includes merchandise processed or finished in a third country. The notice identifies HTSUS subheadings 7110.21.0000 and 7110.29.0000 as classifications where covered goods currently enter.
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