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Tag: Trade tariffs

Business

EU steel tariffs unfairly penalize war-torn Ukraine, executive says

The leader of Ukraine's primary steel producer has urged European regulators to exempt his nation from recent import constraints. He contends that Brussels improperly grouped Kyiv alongside major global competitors like China, ignoring the severe economic toll of the ongoing conflict. While the European Commission maintains that wartime conditions were factored into the policy, local producers warn that the steep quotas could slash exports by more than half, threatening a vital lifeline for the country's wartime economy.