The United States suspended 232 tariffs against Ukraine steel for one year to support the industry that employs one in 13 Ukrainians in well-paying jobs.
U.S. Secretary of Commerce Gina M. Raimondo announced the temporary suspension that should help Ukraine's steelmaking industry, which she said is extremely important to the country's economic strength, according to a May 9 release.
“Steelworkers are among the world’s most resilient — whether they live in Youngstown or Mariupol,” Secretary of Commerce Gina Raimondo said, according to the release. “We can’t just admire the fortitude and spirit of the Ukrainian people — we need to have their backs and support one of the most important industries to Ukraine’s economic well-being.”
Several of Ukraine's largest steel communities are among those hardest hit by the Russian invasion. The Mariupol steelworks has become a symbol of Ukraine's determination to resist Russian aggression, the release reported. Many of the country’s foundries continue to pay, feed and even house their employees during the fighting. Some Ukrainian steel mills have returned to production despite nearby fighting.
The Commerce Department said maintaining and creating export opportunities for these mills is extremely important so they can continue to employ their workers and maintain one of the most important industries in Ukraine, according to the release.
Raimondo thanked President Joe Biden for his leadership in supporting Ukraine’s people and its economy, the release reported. She added her thanks for the Ukrainian leaders she’s worked with over the past two months.
“Ukraine’s diplomatic leaders have been essential partners and advocates for their people, and we will continue to do all we can to support their work toward peace, freedom and prosperity,” she said, the release reported.
