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Biden suspends Trump-era steel tariffs on Ukraine


Biden SUSPENDS Trump-era steel tariffs on Ukraine for a year to help bolster their industry and help the fight against Putin’s invasion

  • President Joe Biden is suspending the 25% import taxes on Ukraine’s steel
  • Move will help boost Ukraine economy during Russian invasion 
  • The Commerce Department said it would withdraw the tariffs, which were imposed during Donald Trump’s presidency, for a year 
  • Some of Ukraine’s largest steel communities have been among those hardest hit during the war 

President Joe Biden is suspending the 25% import taxes on Ukraine’s steel to help boost the war torn country’s economy during the Russian invasion.

The Commerce Department said Monday that it would withdraw the tariffs, which were imposed during Donald Trump’s presidency, for a year. Ukraine accounts for about 1% of U.S. steel exports.

Some of Ukraine’s largest steel communities have been among those hardest hit during the war, including the Mariupol mill that’s the only part of the strategically important port city not under Russian control.

‘We can’t just admire the fortitude and spirit of the Ukrainian people – we need to have their backs and support one of the most important industries to Ukraine’s economic well-being,’ Commerce Secretary Gina Raimondo said. ‘For steel mills to continue as an economic lifeline for the people of Ukraine, they must be able to export their steel.’

Ukraine’s steel industry employs 1 in 13 people in the country and many steel mills have ‘continued to pay, feed, and even shelter their employees’ through the war, the Commerce Department noted. 

President Joe Biden is suspending the 25% import taxes on Ukraine’s steel to help boost the war torn country’s economy

Some of Ukraine's largest steel communities have been among those hardest hit during the war

Some of Ukraine’s largest steel communities have been among those hardest hit during the war

When Ukrainian Prime Minister Denys Shmyhal visited Washington last month, he asked the Biden administration to suspend the tariffs, a senior Commerce Department official told The New York Times. 

The steel levies were imposed in 2018 by the Trump administration, which deployed a little-used provision in U.S. trade law to call foreign steel a threat to American national security. 

Trump imposed a 25 percent tariff on foreign steel and a 10 percent tariff on foreign aluminum.

The move outraged U.S. allies, and critics said they did little address the real cause of stress for U.S. steel producers: massive overproduction by the Chinese, whose steel shipments to the U.S. are already limited by other trade barriers.

The Biden administration has removed most of the tariffs on steel from the European Union, the United Kingdom and Japan, allowing their metals to come in duty-free up to a quota. 

No such quota applies to the Ukrainian imports in the move announced Monday.

Biden’s announcement came the same day Vladimir Putin used a Victory Parade on Russia’s biggest patriotic holiday to again justify his war in Ukraine.

Putin did not even declare a limited victory or signal where the conflict is headed, as his forces pressed their offensive with few signs of progress. 

His much-anticipated speech offered no new insights into how he intends to salvage the grinding war, and he instead stuck to allegations that Ukraine posed a threat to Russia, even though Moscow´s nuclear-armed forces are far superior in number and firepower.

‘The danger was rising by the day,’ Putin said. ‘Russia has given a preemptive response to aggression. It was forced, timely and the only correct decision.’

Biden's announcement came the same day Vladimir Putin used a Victory Parade on Russia's biggest patriotic holiday to again justify his war in Ukraine

Biden’s announcement came the same day Vladimir Putin used a Victory Parade on Russia’s biggest patriotic holiday to again justify his war in Ukraine

President Zelensky's prime minister asked Biden's administration to lift the steel tariffs

President Zelensky’s prime minister asked Biden’s administration to lift the steel tariffs

He steered clear of battlefield specifics, failing to mention the potentially pivotal battle for the vital southern port of Mariupol and not even uttering the word ‘Ukraine.’

On the ground, meanwhile, intense fighting raged in Ukraine’s east, the vital Black Sea port of Odesa in the south came under bombardment again, and Russian forces sought to finish off the Ukrainian defenders making their last stand at a steel plant in Mariupol.

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