With the goal of supporting one of Ukraine’s most important industries, US Commerce Secretary Gina M. Raimondo announced on May 10 that the United States will be temporarily suspending Section 232 tariffs on Ukrainian steel for a one-year period. The United States imposed a 25% tariff on foreign steel and a 10% tariff on foreign aluminum in 2018 on national security grounds: that the influx of inexpensive metal had decimated US manufacturing and posed a threat to US military and industrial capacity.
Source PwC
Latest Posts in "Ukraine"
- Should Cash Settlement Services Be Reported in Line 10.4 of the VAT Return?
- Can Negative VAT Be Used to Repay VAT Debt? Penalties for Late Payment Explained
- Comarch EDI Integrates with Ukraine’s e-TTN Test System, Advancing Digital Freight Transport
- VAT Credit Formation for Temporary Import Operations with Conditional Partial Tax Exemption in Ukraine
- VAT in Municipal Enterprises: DPS Clarifies Taxation of Budget Funds and Non-Refundable Grants
