In the context of the global trade war, Ukraine may face negative consequences, including a reduction in the volumes of macro-financial assistance from economically weakened European partners due to tariffs. As a result, Ukrainian exports may suffer from low global prices for raw materials, particularly for products from the mining and metallurgical complex. At the same time, a decrease in hydrocarbon prices will reduce import burdens, opening new opportunities for Ukrainian agricultural exporters.
This is reported by Business • Media
No significant changes are expected in the domestic market, as Ukraine’s main trading partners remain the European Union and China, rather than the United States of America.
Meanwhile, Ukraine’s Trade Representative Taras Kachka confirmed Kyiv’s readiness to eliminate tariffs on goods from the USA. He emphasized the need to avoid escalation in relations with the USA and to refrain from corresponding measures in response to American tariffs.
“We import products worth $3-4 billion from the USA. We are ready to eliminate tariffs on these products. At the first opportunity, we will discuss this with the US administration. Our interest is to abolish tariffs, not to escalate,” Kachka noted.