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US suspends tariffs on Ukrainian steel for a year

The United States Department of Commerce has reported that Washington Russia will temporarily suspend 232 tariffs on Ukrainian steel for…

By admin , in news , at May 10, 2022


The United States Department of Commerce has reported that Washington Russia will temporarily suspend 232 tariffs on Ukrainian steel for a year with the aim of easing the Ukrainian economy amid aggression.

“For steel mills to remain an economic lifeline for the Ukrainian people, they must be able to export their steel. Today’s announcement is a sign that we are Committed “To help Putin face his aggression, and his work will build a stronger Ukraine today and in the future,” Commerce Secretary Gina Raimondo said in a statement.

Trump Tariffs

The US Commerce Department has explained that a 25 percent tariff on steel imports – imposed by the former US President Donald Trump According to the CNN network, in 2018 – will increase – to “strengthen one of the most important industries in Ukraine”.

“The temporary suspension of a 25 percent tariff on Ukrainian steel imports for one year, which I lifted in April, has had a positive answer in a few weeks. We are grateful for the prompt decisions in favor of Ukraine”, commended the Prime Minister of Ukraine, Denis Schmihalion your Twitter account.

Some members of Congress have already urged the administration Biden To lift US tariffs on Ukrainian steel, and there was even a move demanded by Ukraine’s own prime minister, who also called on the US to lift these tariffs during White House meetings in April Was.

According to the data provided by Commerce department In the US, US exports to Russia are down about 79 percent in value from February 24 to April 29 compared to a year earlier.