Biden suspends US steel tariffs on Ukraine for one year

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    US STEEL

    US President Joe Biden has announced lifting a 25% tariff on steel and steel products imported to the United States from Ukraine for one year.

    In April, Democratic Senator Dianne Feinstein and Republican Senator Patrick Toomey sent a letter to Biden urging him to lift the tariff in order to boost the Ukrainian economy. The US Commerce Department said in early May that the Biden administration would suspend 232 tariffs on Ukrainian steel for a year.

    “I…

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