U.S. President Donald Trump has imposed new import tariffs, prompting a response from Ukrainian officials. Ukraine’s Minister of Economy, Yulia Svyrydenko, noted that the situation is complicated but not critical:
This is reported by Finway
“It’s complicated, but not critical. A general tariff of 10% will apply to us. There is no separate higher tariff for Ukraine”
.
In 2024, Ukraine exported goods worth $874 million to the United States, of which $363 million were iron shipments and $112 million were pipes. At the same time, imports from the U.S. to Ukraine amounted to $3.4 billion. Despite the new tariffs, Ukrainian rates on American goods remain relatively low: 10% on cars, and 0% on coal and oil. This gives hope for the possibility of achieving favorable trade conditions between the countries.
Svyrydenko also emphasized that
“If everything remains as it is, then the American universal tariff will mainly hit small manufacturers. Therefore, we are already working to ensure better conditions for Ukraine”
. She highlighted the importance of finding compromises, as fair tariff conditions can benefit both countries.
In the Ukrainian parliament, it is believed that due to the small share of commodity exports to the U.S., the new tariffs will not have a significant negative impact on Ukraine’s economy. However, global trade tensions may slow the development of Ukraine’s partners’ economies, particularly the European Union, which in turn could reduce the volume of financial aid for Ukraine.