“I have come to the conclusion that it is necessary to suspend the tariffs provided for by Proclamation 9705 in relation to the import of steel and steel products from Ukraine for a period of one year,” RIA Novosti quotes Biden’s ruling.
He noted that last year Ukraine accounted for less than 1% of US steel imports.
According to him, Washington and Kyiv are interested in preserving the Ukrainian steel industry.
Earlier, the German newspaper Handelsblatt stated that the situation around Ukraine has a serious impact on the German economy and put it in a situation of "existential crisis".