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US President Joe Biden approved the abolition of duties on steel imports from Ukraine. Duty free import will last for one year.
This was reported on the White House website..
The US and Ukraine have reportedly developed a close security relationship, and the Ukrainian steel industry has been undermined by Russia's unprovoked war.. At the same time, it is noted that the United States and Ukraine are interested in maintaining this industry as a lifeline while the country recovers..
" I have decided to suspend tariffs on imports of steel products and steel derivatives from Ukraine for a period of 1 year,"
We are talking about a 25% duty on Ukrainian steel, which was introduced in 2018 under the administration of Donald Trump..