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tariffs - Latest news GMK Center

Photo – What is currently happening on the Ukrainian energy market
What is currently happening on the Ukrainian energy market

Due to the war, Ukraine's energy market has accumulated many critical problems

Photo – If electricity prices continue to rise, Ukraine risks losing its large industrial sector, particularly steel industry
If electricity prices continue to rise, Ukraine risks losing its large industrial sector, particularly steel industry

The electricity transmission tariff includes many unresolved, or simply postponed, problems in the industry, which now require greater financial expenditure

Photo – The dragon is coming: the long steel market is bursting at the seams
The dragon is coming: the long steel market is bursting at the seams

Exports of square billets from China increased fourfold in the first five months of 2025

Photo – Trump postpones increase in «reciprocal» tariffs on US imports
Trump postpones increase in «reciprocal» tariffs on US imports

At the same time, a number of trading partners have received letters with the rates effective from August 1

Photo – Tata Steel plant complicates UK-US steel talks – The Guardian
Tata Steel plant complicates UK-US steel talks – The Guardian

The United States is concerned that the company is currently importing raw materials from abroad for the Port Talbot facility

Photo – Trump raises tariffs on steel and aluminum imports to the US to 50%
Trump raises tariffs on steel and aluminum imports to the US to 50%

Duties on metals imported from the UK will remain at 25% at least until July 9

Photo – Doubling of US tariffs on steel imports will put pressure on European steel industry – WV Stahl
Doubling of US tariffs on steel imports will put pressure on European steel industry – WV Stahl

On May 30, Trump announced a 50% increase in tariffs on steel and aluminum imports to the United States

Photo – Increase in Ukrainian Railways freight tariffs will lead to a 1.2% decrease in GDP
Increase in Ukrainian Railways freight tariffs will lead to a 1.2% decrease in GDP

Steel, mining, and construction materials will be the most affected sectors

Photo – The US and China agree to mutually reduce tariffs for 90 days
The US and China agree to mutually reduce tariffs for 90 days

The parties will continue discussing economic and trade relations

Photo – Donald Trump eased some tariffs for the auto sector
Donald Trump eased some tariffs for the auto sector

The step is aimed at reducing the overall level of duties, which is formed due to their layering

Photo – Tariff war: Trump’s new plans and the world’s reaction
Tariff war: Trump’s new plans and the world’s reaction

A 90-day pause on US “reciprocal” tariffs begins on April 9

Photo – Turkey raises electricity and gas prices from April
Turkey raises electricity and gas prices from April

EPDK and BOTAS reported an average 10-25% increase in energy prices

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