US exempts Ukrainian steel imports from additional tariffs for a year

President Joe Biden announced the exemption of the Ukrainian iron and steel products from additional tariffs for a year. He noted that Ukraine accounted for less than 1% of US steel imports in 2021 and predicted that production and supplies would be even lower due to the conflict with Russia. "The steel industry is historically important to Ukraine. The United States and Ukraine are interested in preserving it as one of the economic pillars of the country's recovery," Biden said. This measure is being applied to imports from Ukraine and many other countries under an executive order signed by then-US President Donald Trump in 2018.