The temporary suspension of tariffs on Ukrainian steel by the United States has been extended for an additional year, as announced by the Commerce Department on Wednesday.
Originally implemented in May, the U.S. halted tariffs on Ukrainian steel in response to the ongoing conflict between Russia and Ukraine.
In 2018, former President Donald Trump imposed a 25 percent tariff on steel imports from multiple countries, including Ukraine.
In February 2022, U.S. lawmakers strongly urged President Joe Biden to eliminate these duties. According to the U.S. Chamber of Commerce, Ukraine's exports to the U.S. in 2021 amounted to $1.9 billion, which constituted less than 0.1% of total U.S. imports but represented approximately 2.8% of all Ukrainian exports.