US EditionEU set to impose much higher tariffs on Ukrainian imports
- The European Union plans to impose significantly higher tariffs on Ukrainian imports after the current duty-free trade deal expires on June 6, 2025.
- This adjustment comes after demonstrations and political demands arose in response to the influx of lower-cost Ukrainian agricultural products, which have led to declining prices and reduced earnings for farmers across Europe, particularly in Poland.
- The EU proposes transitional rules to reduce tariff-free quotas sharply, cutting annual corn quotas from 4.7 million to 650,000 tons, poultry from 57,110 to 40,000 tons, and sugar from 109,000 to 40,700 tons.
- European Parliament trade committee chair Bernd Lange called this situation "a really bad signal to Ukraine," warning that reaching a new agreement may take until October and noting a €3.5 billion annual revenue reduction to Ukraine.
- Ukrainian officials and trade representatives condemned the decision as a significant regression, highlighting the importance of stable and reliable trade arrangements to sustain Ukraine’s economy during the ongoing conflict.
25 Articles
25 Articles
What We’re Watching: EU vs Ukraine, South Korea-US side deals
EU vs Ukraine?Ukraine now finds itself on shakier ground with EU members. At a time when its wartime economy badly needs a boost, the bloc will impose higher tariffs on Ukraine’s exports, particularly farm products, on June 6 in response to pressure from member-state farmers. It’s a politically sensitive moment, particularly in Poland, which holds first-round elections on Sunday.It’s a reminder that, while Russia’s invasion and uncertainty over …
FT: EU plans to rise tariffs on Ukrainian imports threatening critical revenue stream
Following the protests of farmers in some EU countries, particularly Poland, the EU plans not to extend special trade privileges for Ukraine established after Russia's 2022 invasion, which can lead to a potential €3.5 billion annual revenue loss.
EU to hike tariffs on Ukrainian imports amid Poland's push, FT reports
The EU plans to significantly increase tariffs on Ukrainian goods after the current duty-free deal lapses on June 6, the Financial Times reported on May 14, citing undisclosed diplomatic sources.The move follows Poland's call for the European bloc to adopt measures to protect European farmers, according to the news outlet.The EU concluded a duty-free regime deal with Ukraine in 2022 to alleviate the Ukrainian economy amid the full-scale war with…
EU prepares to restore high levels of customs duties on Ukraine, according to Financial Times
As expected, Europeans should not renew the tax exemption on agricultural imports from Ukraine. Concluded in 2022 and expiring in June 2025, this agreement was a support measure in Kiev in its fight against Russian invasion.
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