The United States will extend by another year the temporary suspension of tariffs on Ukrainian steel, the Commerce Department said, citing the Russian invasion of Ukraine
on Ukrainian steel for one year in May last year, months after the Russian invasion began. Then-President Donald Trump in 2018 imposed a tariff of 25% on steel imports from countries including Ukraine.
U.S. lawmakers urged President Joe Biden to remove the tariffs after Russia invaded Ukraine in February 2022. Ukraine was the 13th largest steel producer and typically exported about 80% of its production before the invasion from Russia. Prior to Russia's invasion, nearly half of U.S. imports from Ukraine were metals such as iron, pig iron and steel, but they represented a tiny fraction of total U.S. imports of metals. The U.S. Chamber of Commerce noted Ukraine exported a total of $1.9 billion in goods to the United States in 2021 - less than 0.1% of all U.S. imports but about 2.8% of Ukraine's total exports.on imports from Ukraine for a further year. Earlier on Wednesday, the White House announced the latest in a series of aid packages for Ukraine that includes up to $300 million worth of air defense systems, ammunition and other defense equipment.Kanishka SinghKanishka Singh is a breaking news reporter for Reuters in Washington DC, who primarily covers US politics and national affairs in his current role. His past breaking news coverage has spanned across a range of topics like the Black Lives Matter movement; the US elections; the 2021 Capitol riots and their follow up probes; the Brexit deal; US-China trade tensions; the NATO withdrawal from Afghanistan; the COVID-19 pandemic; and a 2019 Supreme Court verdict on a religious dispute site in his native India.
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