The Ministry of Economic Development and Trade has submitted a petition asking to remove Ukrainian metallurgical goods from the application of 25% import tarrifs recently introduced by the United States government, Interfax-Ukraine reports.
“I have submitted a letter to the economic adviser to the U.S. Embassy in Ukraine J.P. Schutte. The letter, written by the Prime Minister of Ukraine Volodymyr Groysman, asks the United States government to avoid applying import tariffs to goods imported from Ukraine. We ask to provide Ukrainian exporters with full access to the U.S. market, which has been traditional for the structure of our exports for a long time”, - Deputy Minister of Economic Development and Trade and Ukraine’s trade representative Natalya Mykilska posted on her Facebook page on Monday.
On 8 March, the President of the United States Donal Trump signed two documents that introduce a 25% tariff on imported steel and a 10% tariff on imported aluminium, excluding steel and aluminium produced in Mexico and Canada, as Washington, D.C. is currently in talks with these countries regarding the revision of NAFTA provisions. The measures are to become effective on 23 March. At the same time, President Trump can still repeal them or change the specifics of any or both laws.
Representatives of Ukrainian metallurgical enterprises have turned to the country’s government for support regarding the possible tariffs. This matter was discussed at the working meeting presided by the First Deputy Prime Minister Stepan Kubiv and the Deputy Minister Natalya Mykilska on 12 March.
According to the customs statistics from the State Fiscal Service, Ukrainian exports of black metals in 2017 rose by 20% against 2016 – to reach $8.66 billion. Black metals accounted for 20.03% of the total revenue from goods exports in 2017, against 19.93% the year before. The imports of the same kind of goods grew by 42%, to $1.13 billion in 2017.