United States Extends Section 232 Tariff Relief For Ukraine

 Earlier this month, U.S. Secretary of Commerce Gina Raimondo announced that the United States will extend by one year the temporary suspension of Section 232 tariffs on exports of steel from Ukraine. The suspension originally was put into place in 2022 by President Joe Biden.

The United States also expanded the relief by suspending Section 232 tariffs on steel articles from the European Union that are made from steel that originated in Ukraine.

Specifically, any imports of steel articles from Ukraine that are admitted into a U.S. foreign-trade zone (FTZ) under privileged foreign status prior to June 1, 2022, along with any imports of steel articles from an EU member country where the steel used in the manufacture of the article was melted and poured in Ukraine that were admitted into an FTZ under privileged foreign status after June 1, 2023, will not be subject to Section 232 tariffs upon any entry.

The news comes after a May decision by the United States and international partners to impose significant new sanctions on Russia in an effort to further degrade Russia’s capacity to wage war against Ukraine.

According to Venable, LLP, these measures are intended to disrupt Russia’s energy extraction capabilities, financial services sector, and ability to acquire critical