US extends temporary suspension of tariffs on Ukrainian steel for another year

The United States will extend its temporary suspension of tariffs on Ukrainian steel for another year, President Joe Biden said on Friday, citing disruptions caused by the Russian invasion.

Washington initially suspended tariffs on Ukrainian steel for one year in May 2022, months after the start of the Russian invasion, and extended that suspension in May 2023.

“Ukraine’s steel industry continues to be significantly disrupted by the Russian Federation’s unjustified, baseless, relentless and unconscionable war against Ukraine,” Biden said in a statement.

By 2023, the amount of steel imported from Ukraine to the United States will be less than 1% of the country’s total steel imports, he added.

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