Photo: facebook
The new 10% tariffs on Ukrainian goods announced by US President Donald Trump on 2 April will not have any critical consequences for the Ukrainian economy, First Vice Prime Minister and Minister of Economy Yulia Svyrydenko said on 3 April.
In a post on Facebook, she explained that Ukraine is subject to general duties of 10%, with no separate, stricter rates. Unlike, for example, Moldova (31%) or the EU (20%), Kyiv has not been subject to a higher tariff.
Exports worth hundreds of millions – but the impact is not global
According to Svyrydenko, in 2024, Ukraine exported $874 million worth of goods to the US, including cast iron, pipes, and products from more than 600 product categories. At the same time, imports from the US totalled $3.4 billion.
“Our duties on US goods are quite low – 10% on cars, 0% on coal and oil,” the minister said. That is why, according to her, there is room for negotiation and adjustment of the terms, as the US statement explicitly states that individual tariff negotiations are possible.
Who may be affected
If the terms are not revised, small Ukrainian producers focused on exports to the US may be hit hardest. That is why the government is already working on negotiations with the US side to mitigate the impact of the duties on the economy.
Ukraine is an ally with a lot to offer
Svyrydenko emphasised: Ukraine is a reliable partner for the United States, and both countries can benefit from “fair duties”.
“Ukraine has a lot to offer the United States as a reliable ally and partner. Both our countries will benefit from fair duties,” she concluded.
Against this backdrop, the Ukrainian government continues to engage in dialogue with Washington in an effort to secure favourable conditions for domestic businesses and maintain a strategic economic partnership with the United States.
