"Challenging but not critical": what new US tariffs mean for Ukraine
www.pravda.com.ua
Thu, 03 Apr 2025 10:53:49 +0300
A general 10 tariff will apply to Ukraines exports to the US.
This is considered challenging but not critical.
Source Yuliia Svyrydenko, Ukraines First Deputy Prime Minister and Minister of Economy, on Facebook Quote What do the new US tariffs mean for Ukraine Challenging but not critical.
A general 10 tariff will apply to us.
Unlike Moldova, which faces a 31 tariff, or the EU with 20, Ukraine will not have a separate higher rate.
Details Svyrydenko reported that Ukraines exports to the US amounted to US874 million in 2024, of which US363 million came from pig iron and another US112 million from pipes.
Meanwhile, Ukraine imported US3.4 billion worth of goods from the US.
Svyrydenko emphasised that Ukrainian tariffs on American goods are fairly low 10 on cars and 0 on coal and oil.
Quote This gives us a chance to negotiate different terms the US statement explicitly mentions such a possibility.
If nothing changes, the universal American tariff will mainly affect small producers.
That is why we are already working to secure better conditions for Ukraine. Details Svyrydenko also noted that Ukraine exports over 600 different categories of a wide variety of goods, even spanners, to the US, including 65 types of products worth more than US1 million each.
Ukraine has much to offer the United States as a reliable ally and partner.
Fair tariffs will benefit both our countries, she added.
Background US President Donald Trump has announced the introduction of reciprocal tariffs in response to other countries trade policies.
Global oil prices plummeted following Trumps announcement of new largescale tariffs.
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