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The US Secretary of Commerce announced a temporary suspension of 232 tariffs on Ukrainian steel

The US announced temporary suspension of 232 tariffs on Ukraine steel for a term of 1 year on May 9th, 2022. This move aims to boost Ukraine’s steel industry that accounts for a significant portion of the countries national economy. This move creates export opportunities for Ukrainian steel mills and is aimed to enable them to continue employing their workers and to manage one of the countries most crucial industries. More information on this new measure imposed by the US on May 9th, 2022, can be found here.