United States to suspend Section 232 tariffs on Ukrainian steel for one year
The United States will be temporarily suspending Section 232 tariffs on Ukrainian steel for one year.
The U.S. Department of Commerce today announced that the United States will be temporarily suspending Section 232 tariffs on Ukrainian steel for one year.
Read the Commerce release
Since Russia invaded Ukraine in February 2022, the Department of Commerce has launched a series of new export control restrictions on Russia in partnership with three dozen allies, including 27 European Union member states, Canada, the United Kingdom, Australia, New Zealand, Japan, South Korea, Switzerland, Iceland, and Norway.
For more information on sanctions and other responses to Russia’s war on Ukraine, visit KPMG’s dedicated website.
Contact a professional with KPMG’s Trade & Customs services:
John L. McLoughlin
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