Economy Ministry on Trump tariffs: Challenging, not critical

The United States has imposed a 10% tariff on Ukraine, but this is not critical. Kyiv has something to offer to Washington, according to the First Deputy Prime Minister and Minister of Economy of Ukraine Yulia Svyrydenko, Report informs via RBC-Ukraine.

“What do the new US tariffs mean for Ukraine? Challenging, but not critical. We will be subject to a general tariff of 10%. There is no separate higher one, such as Moldova's 31% or the EU's 20%, for Ukraine,” Svyrydenko said.

She added that in 2024, Ukraine exported goods worth $874 million to the United States, of which $363 million was for pig iron and $112 million for pipes. At the same time, Ukraine purchased US goods worth $3.4 billion.

“If everything remains as it is, the US universal tariff will hit mostly small producers. That is why we are already working to ensure that Ukraine has better conditions,” Svyrydenko explained.