Ukraine may face negative impacts in the form of reduced macro-financial assistance from European partners who have been economically affected by the tariffs. This could be a consequence of the global trade war. Additionally, a decline in global prices for raw materials, particularly products from the mining and metallurgical complex, will negatively affect Ukrainian exports. On the other hand, lower hydrocarbon prices may ease the import burden, opening new opportunities for Ukrainian farmers.
This is reported by Finway
In the domestic market, Ukraine should not expect significant changes, as its main trading partners remain the European Union and China, rather than the United States of America.
Willingness to Cooperate with the USA
Ukraine’s Trade Representative Taras Kachka noted that Ukraine is ready to eliminate tariffs on imports from the USA. He believes it is advisable to avoid escalation with the American side and refrain from corresponding measures against their tariffs.
“We import goods from the USA worth $3-4 billion. We are ready to eliminate tariffs on these products. At the first opportunity, we will discuss this with the US administration. Our interest is to cancel tariffs, not to escalate,” Kachka said.