The measures target those goods that have not yet been subject to additional customs duties and will enter into force on July 1. The tariffs on fertilizers will increase gradually over the next three years.
The European Union is set to reinstate tariffs on Ukrainian agricultural exports on June 6. This is the first time since Russia's full-scale invasion that the EU will not renew an agreement suspending trade barriers between Ukraine and Europe. The end of tariff-free trade comes amid mounting opposition to Ukrainian
Steel production is one of Ukraine's core industrial sectors and its second-largest source of foreign currency after agriculture.
The court struck down the 10% tariffs applied to all U.S. trading partners to address the trade deficit. This means that the court would also block tariffs on trade with Ukraine.
"The regulation gradually increasing customs duties for products from Russia and Belarus will help to prevent Russia from using the EU market to finance its war machine," said Inese Vaidere, Latvian Member of the European Parliament.
The EU plans to significantly increase tariffs on Ukrainian goods after the current duty-free deal lapses on June 6, the Financial Times reported on May 14, citing undisclosed diplomatic sources.
"As to additional sanctions on Putin's Russia, I have bipartisan legislation with almost 60 cosponsors that would put secondary tariffs on any country that purchases Russian oil, gas, uranium, or other products," U.S. Sen. Lindsey Graham said on April 26.
Norwegian Prime Minister Jonas Gahr Stoere and Finance Minister Jens Stoltenberg will meet with U.S. President Donald Trump in Washington on April 24, the prime minister's office announced on April 21.
"We have been defending the freedom of Ukraine together," Italian Prime Minister Giorgia Meloni said.
The following is the April 9, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. President Trump shocked the world on April 2 when he announced what he dubbed “Liberation Day,” slapping tariffs
According to U.S. President Donald Trump, more than 75 countries have approached the U.S. to discuss trade, trade barriers and tariffs and have not retaliated against Washington.
"The EU considers U.S. tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy," the statement read.
"Our priority is the abolition of duties, not escalation," Deputy Economy Minister and Trade Representative Taras Kachka said.
U.S. President Donald Trump has inadvertently hit Russia’s economy after his "Liberation Day" tariffs caused oil prices to drop drastically on April 7, with potentially massive ramifications for the Kremlin's ability to fund its ongoing war in Ukraine. Russia has so far failed to agree to a full
There is unfortunately absolutely nothing good to say about the announcements U.S. President Donald Trump made during his recent “Liberation Day” event in the White House Rose Garden. Try as one might to “sane-wash” Trump’s economic policies, there is simply no coherent rationale for his supposedly “reciprocal” trade
Russia did not have tariffs imposed "because we’re not doing business, essentially, with Russia, because they’re at war," Trump told reporters on April 7.
White House National Economic Council Director Kevin Hassett said on April 6 that Russia was excluded from the U.S. tariff list due to ongoing peace negotiations with Ukraine.
The tariffs could undermine international defense cooperation by jeopardizing joint military projects, including producing the F-35 fighter jet, air defense systems, and constructing nuclear submarines.
U.S. President Donald Trump on April 2 unleashed what he has dubbed "Liberation Day," imposing tariffs on nearly every country in the world — including war-torn Ukraine. Kyiv got off lighter than most with only a 10% tariff on all Ukrainian goods, compared to 20% on the EU, and 54%
Ukraine's exports to the U.S. in 2024 amounted to $874 million, including $363 million in cast iron and $112 million in pipes, Economy Minister Yuliia Svyrydenko said.
White House spokesperson Karoline Leavitt said that Russia and Belarus were left off the list because of the already imposed economic sanctions.
The European Union is set to receive a 20% tariff, while goods from China will be hit with an additional 34%. Ukraine is also included on the list, subject to a 10% tariff.
"The dominating view in the United States Senate is that Russia is the aggressor, and that this horrific war and Putin’s aggression must end now and be deterred in the future," the press release on April 1 said.
U.S. President Donald Trump threatened on March 31 to impose secondary tariffs on Russian oil exports if Russian President Vladimir Putin does not "make a deal" to end the war in Ukraine.
Those expected to be impacted by sanctions include Russia, Australia, Canada, the EU, and China, among many other expected targets, the Wall Street Journal (WSJ) reported.
The move follows U.S. President Donald Trump's decision to impose 25% tariffs on imported steel and aluminum, reigniting trade tensions between Washington and Brussels.
"I am strongly considering large-scale banking sanctions, sanctions, and tariffs on Russia until a ceasefire and final settlement agreement on peace is reached. To Russia and Ukraine, get to the table right now, before it is too late," U.S. President Donald Trump said.
"We'll be announcing it very soon. It'll be 25% generally speaking, and that will be on cars and all other things," U.S. President Donald Trump said.
Editor's note: This article is a shortened on-site version of KI Insights' public newsletter, The Week Ahead, covering events from July 7-13. Sign up here to start your week with an agenda of Ukraine-related events delivered directly to your inbox every week. The July 9 deadline set by the Trump
The following is the Feb. 11, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Ukraine’s steel industry — one of its most critical sectors — just can’t seem to catch a break
First Deputy Prime Minister and Economic Development Minister Yulia Svyrydenko said that the decision to impose tariffs will naturally affect Ukraine's steel industry.
The European Commission criticized the decision as "unlawful and economically counterproductive," arguing that the deeply integrated supply chains between the EU and the U.S. would suffer under such restrictions.
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