Increasing American Ferrosilicon Production Act

This bill increases the import tariff on ferrosilicon from Russia and Belarus to 35% for products classified under HTS code 7202.21.50. It directly affects U.S. importers of these materials and aims to boost domestic ferrosilicon production by making foreign imports more expensive. The bill requires the U.S. Trade Representative to assess whether American producers can meet domestic demand before implementing such tariffs, including a 30-day public comment period on which products are made domestically and production capacity. It also extends the deadline for these tariff authorities from 2024 to 2025. The policy change focuses on altering trade duties to support U.S. manufacturing, not on direct subsidies or new programs.