Ukraine is set to discuss the abolition of tariffs on metallurgical products with the US.

The Ministry of Economy of Ukraine is initiating conversations with US officials about removing tariffs on Ukrainian metal products, specifically those imposed during President Trump’s administration, stated the Deputy Minister of Economy Taras Kachka.

“We are focused on eliminating tariffs on metallurgy, which stand at 25% and 10%. While achieving this goal seems possible, I cannot guarantee it, as we are just beginning negotiations.”

President of Ukrmetallurgprom Oleksandr Kalenkov noted that the ongoing war has resulted in a 33% reduction in the Ukrainian metallurgical industry’s capacity since 2014. Given these setbacks, industry leaders are calling for a reassessment of market access conditions in the EU and US, specifically looking for extended transition periods and the elimination of trade barriers. The US currently maintains a 25% tariff on Ukrainian steel, a policy established in the 1990s.

The expert also stressed the importance of attracting investment from allies, including the US, UK, Japan, and the EU, believing this could significantly enhance the economic environment and reshape political attitudes towards trade restrictions.