Secretary of Commerce, Ms. Gina Raimondo, announced that the United States will extend the temporary suspension of tariffs on Ukrainian steel for an additional year under Section 232 of the Trade Expansion Act of 1962. This decision solidifies American support for Ukraine amidst ongoing Russian aggression.Secretary Ms. Raimondo acknowledges the vital role the United States plays as a market for Ukraine's steel exports. By providing this market, Americans directly contribute to the economic well-being of the Ukrainian people, who heavily rely on the country's steel industry. The extension of the tariff suspension sends a powerful message of unwavering commitment in the face of Russian aggression.In May 2022, President Biden signed a Presidential Proclamation that initially suspended the Section 232 steel duties for Ukraine. This action opened up crucial export opportunities for one of Ukraine's key industrial sectors, allowing its steel mills to continue employing workers. The extension of this action through today's Presidential Proclamation demonstrates the United States' unwavering support for the Ukrainian people during this time of unjustified war.The decision to extend the tariff suspension reflects the leadership of President Biden in prioritizing the Ukrainian people's well-being and countering Russian aggression. By providing export opportunities and sustaining employment in Ukraine's steel industry, the United States shows its commitment to bolstering the country's economy and helping it withstand external pressures.This extension of the tariff suspension not only supports Ukraine's steel industry but also serves as a symbolic gesture of solidarity against Russian aggression. It sends a clear message to the Ukrainian people that the United States stands firmly by their side, unwavering in its commitment to their sovereignty and security.
Secretary of Commerce, Ms. Gina Raimondo, announced that the United States will extend the temporary suspension of tariffs on Ukrainian steel for an additional year under Section 232 of the Trade Expansion Act of 1962. This decision solidifies American support for Ukraine amidst ongoing Russian aggression.Secretary Ms. Raimondo acknowledges the vital role the United States plays as a market for Ukraine's steel exports. By providing this market, Americans directly contribute to the economic well-being of the Ukrainian people, who heavily rely on the country's steel industry. The extension of the tariff suspension sends a powerful message of unwavering commitment in the face of Russian aggression.In May 2022, President Biden signed a Presidential Proclamation that initially suspended the Section 232 steel duties for Ukraine. This action opened up crucial export opportunities for one of Ukraine's key industrial sectors, allowing its steel mills to continue employing workers. The extension of this action through today's Presidential Proclamation demonstrates the United States' unwavering support for the Ukrainian people during this time of unjustified war.The decision to extend the tariff suspension reflects the leadership of President Biden in prioritizing the Ukrainian people's well-being and countering Russian aggression. By providing export opportunities and sustaining employment in Ukraine's steel industry, the United States shows its commitment to bolstering the country's economy and helping it withstand external pressures.This extension of the tariff suspension not only supports Ukraine's steel industry but also serves as a symbolic gesture of solidarity against Russian aggression. It sends a clear message to the Ukrainian people that the United States stands firmly by their side, unwavering in its commitment to their sovereignty and security.
