EconomyPolitics Trump has elevated tariffs on metal and aluminum to 50%: How will this have an effect on Ukrainian exports? Thursday, June 5, 2025

US President Donald Trump has signed an government order that can elevate tariffs on metal and aluminum imports from 25% to 50% efficient June 4. As evidenced by the chief order, Trump has concluded that growing the tariffs was obligatory to control imports of metal and aluminum merchandise and their derivatives to get rid of a risk to nationwide safety, primarily based on present knowledge. Till March 12, when the 25% tariff on metal and metal product imports took impact, Ukraine had a short lived exemption from tariffs launched by the Biden administration.

The Ministry of Economic system of Ukraine acknowledged that the implementation of tariffs would negatively affect the Ukrainian metallurgical business. General, the quantity of international commerce with the US shouldn’t be notably important for Ukraine. Within the construction of products exports, the US’ share was solely 2.1% final yr, amounting to a complete of $869M, whereas the share of imports was 4.9%, or $3.4B. The restricted presence of Ukrainian items within the US outcomes from difficult entry to this market, intense competitors, and excessive logistics prices.