The United States will not levy taxes on steel imports from Ukraine in the coming year, the Economy Ministry announced Monday. For example, the country wants to support the Ukrainian steel sector, which is suffering a lot from Russia’s war rage.
Russian troops have been targeting steel mills since the invasion of Ukraine on February 24. Last week, for example, they stormed the Azovstal steel plant in the city of Mariupol.
“Some of Ukraine’s largest steel companies have been hit hard by Putin’s barbarism, and the Mariupol steel plant has become a symbol of Ukraine’s resistance to Russian aggression,” the US State Department said. “Many factories paid their staff all the time and offered food and even housing. Some even restarted amid fighting in the area.”
The US government wants to keep Ukraine’s steel sector, one of the country’s largest industries, alive by creating export opportunities. This is why it is giving up import duties of 25% on steel and 10% on aluminum for at least a year. Ukraine exports around 80% of its steel.
The United States instituted these tariffs three years ago under then-President Donald Trump. The levies apply not only to Ukraine, but to all foreign steel and aluminum. The government of the day found that “cheap metal from abroad” had destroyed the American steel industry and thus cost jobs.
Import duties remain in place on steel from other countries.