Following in Europe's footsteps, the U.S. is suspending its 25% tariffs on Ukrainian steel imports, the Commerce Department announced Monday.
Following in Europe's footsteps, the U.S. is suspending its 25% tariffs on Ukrainian steel imports, the Commerce Department announced Monday. The suspension will last for one year.
The move, while it may be partly symbolic for now, is the latest effort to bolster Ukraine's economy amid Russian President Vladimir Putin's assault on the country.
Some lawmakers in Congress have urged the Biden administration to lift the tariffs to support Ukraine's economy. "We respectfully request that you remove the 25 percent U.S. tariff on steel imports from Ukraine to help it eventually stabilize and rebuild its economy," Republican Sen. Pat Toomey and Democratic Sen. Dianne Feinstein wrote in ato the president last month."The United States should do everything it can to ensure that the Ukrainian people can effectively rebuild after the war. Lifting the U.S. tariff on steel from Ukraine is a small but meaningful way for the U.S.
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