By Sam Fossum, CNN The US will temporarily lift Trump-era tariffs on Ukrainian steel for a period of one year in a move aimed at helping the Ukrainian economy and sending a message of support as the country continues to resist Russia’s ongoing invasion.
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By Sam Fossum, CNN The US will temporarily lift Trump-era tariffs on Ukrainian steel for a period of one year in a move aimed at helping the Ukrainian economy and sending a message of support as the country continues to resist Russia’s ongoing invasion.
The Biden administration has lifted Trump-era tariffs on Ukrainian steel—for just one year. The tariffs should be lifted permanently, so that Ukraine can rebuild its steel industry once the Russian invasion ends.
"For steel mills to continue as an economic lifeline for the people of Ukraine, they must be able to export their steel," Commerce Secretary Gina Raimondo said.
The Department of Commerce announced Monday that the United States will temporarily lift the Section 232 tariffs placed on Ukrainian steel as a means of supporting the country as it fends off Russia's invasion.
The Biden administration said Monday it will suspend Trump-era tariffs on Ukrainian steel for one year to help the country employ workers and maintain a vital industry as it repels Russian invaders.
The United States Department of Commerce is temporarily suspending the Section 232 tariffs of 25% on Ukrainian steel for one year to assist the country's defense against the Russian invasion.
The Biden administration announced it is lifting tariffs on Ukrainian steel for one year, a mostly symbolic move by the U.S. to help the the war-torn country's economy.
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US will lift Trump-era steel tariffs on Ukraine | Since Then
