{"id":4673,"date":"2025-04-03T12:00:35","date_gmt":"2025-04-03T12:00:35","guid":{"rendered":"https:\/\/www.euro-tv.ro\/news\/difficult-but-not-critical-ukraines-economy-minister-reacts-to-trumps-tariffs\/"},"modified":"2025-04-03T12:00:35","modified_gmt":"2025-04-03T12:00:35","slug":"difficult-but-not-critical-ukraines-economy-minister-reacts-to-trumps-tariffs","status":"publish","type":"post","link":"https:\/\/www.euro-tv.ro\/news\/difficult-but-not-critical-ukraines-economy-minister-reacts-to-trumps-tariffs\/","title":{"rendered":"‘Difficult, but not critical’ \u2014 Ukraine’s economy minister reacts to Trump’s tariffs"},"content":{"rendered":"
\"'Difficult,<\/p>\n

The Trump administration’s latest tariffs are likely to be “difficult, but not critical” for Ukraine’s economy, Economy Minister Yuliia Svyrydenko said on April 3, voicing hope for hammering out more favorable conditions with the U.S.<\/p>\n

U.S.<\/a> President Donald Trump<\/a> unveiled a sweeping list of “reciprocial tariffs<\/a>” on April 2, imposing a baseline 10% duty on all countries \u2014 including Ukraine \u2014 with even higher rates for major trade partners like the EU.<\/p>\n

Ukraine’s exports to the U.S. in 2024 amounted to $874 million, including $363 million in cast iron and $112 million in pipes, Svyrydenko said on Facebook<\/a>. The same year, Ukraine imported $3.4 billion worth of U.S. goods.<\/p>\n

Ukrainian producers sell over 600 different categories of goods to the U.S, according to the minister.<\/p>\n

“Our tariffs on American goods are quite low \u2014 the rate on cars is 10%, on coal and oil \u2014 0%,” Svyrydenko said.<\/p>\n

“Therefore, we now have a chance to agree on different conditions. The American statement clearly indicates such a possibility,” she noted, adding that the tariffs will be felt most strongly by small producers.<\/p>\n

Last month, the Trump administration imposed 25% tariffs<\/a> on all steel and aluminum products imported into the U.S., though these commodities and other metals were exempt<\/a> from reciprocal tariffs.<\/p>\n

Steel production<\/a> is a key sector of Ukraine’s economy, the second-largest source of foreign currency after agriculture.<\/p>\n

Some 60 countries or trading blocs were hit with additional duties higher than the 10% baseline, including the EU (20%), China (34%), and Taiwan (32%).<\/p>\n

Russia<\/a>, Belarus<\/a>, and a handful of other countries were exempt from the list<\/a>, with the White House arguing that the existing sanctions imposed on these nations already “preclude any meaningful trade.”<\/p>\n

<\/p>\n
\n
Trump ignites trade war against all, slaps 20% tariff on EU, 10% on Ukraine<\/div>\n
The European Union is set to receive a 20% tariff, while goods from China will be hit with an additional 34%. Ukraine is also included on the list, subject to a 10% tariff.<\/div>\n
\"'Difficult,The Kyiv Independent<\/span>Olena Goncharova<\/span><\/div>\n<\/div>\n
\"'Difficult,<\/div>\n

<\/a><\/figure>\n<\/div>\n

– https:\/\/kyivindependent.com\/tag\/ukraine\/rss\/<\/p>\n

This article appeared on the websitekyivindependent.com
\nThis article is taken based on Law no. 8\/1996 of Romania. News does not enjoy copyright, so they can be taken, this is our right to take news and information in its entirety and distribute them further. The content was made available to us through the rss mechanism
\nOriginal Content<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Trump administration’s latest tariffs are likely to be “difficult, but not critical” for Ukraine’s economy, Economy Minister Yuliia Svyrydenko said on April 3, voicing hope for hammering out more favorable conditions with the U.S. U.S. President Donald Trump unveiled a sweeping list of “reciprocial tariffs” on April 2, imposing a baseline 10% duty on […]<\/a><\/p>\n","protected":false},"author":12,"featured_media":4674,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1152,1],"tags":[4422,1759,3676,1271,1269,472,3473,5147,123,1238,1168,2],"class_list":["post-4673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kyivindependent","category-news","tag-difficult","tag-but","tag-critical","tag-economy","tag-minister","tag-not","tag-reacts","tag-tariffs","tag-to","tag-trumps","tag-ukraines","tag-usersbook"],"yoast_head":"\n'Difficult, but not critical' \u2014 Ukraine's economy minister reacts to Trump's tariffs - 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