U.S. President Donald Trump signed an executive order on June 3 to double tariffs on steel and aluminum imports, raising duties from 25% to 50%, the White House announced.

Trump's new order builds on a Feb. 10 executive action that imposed a flat 25% tariff on all steel and aluminum imports. Steel production is one of Ukraine's core industrial sectors and its second-largest source of foreign currency after agriculture.

The White House cited the earlier rate's failure to "develop and maintain the rates of capacity production utilization that are necessary for the industries' sustained health and for projected national defense needs."

Trump defended the new duties as essential to national security, claiming they will "reduce or eliminate the threat posed by imports" and ensure self-sufficiency in strategic industries.

Economy Minister Yuliia Svyrydenko said earlier this year that the share of Ukrainian steel in the U.S. market remains small and poses no threat to domestic U.S. producers.

However, tariffs further jeopardize Ukraine's key metallurgical exports, particularly ArcelorMittal Kryvyi Rih and Interpipe, which are already suffering due to the war.

Ukraine's metallurgical products make up 57.9% of Ukraine's exports to the U.S., or in dollar amounts, $503 million out of $869 million, according to Svyrydenko. It is unclear what time frame those figures represent.

The U.K. is the only exception to the new tariffs, which will remain at the 25% level for British imports, according to Bloomberg.

Trump defended the tariffs as a way to simplify duties on metals and hinted at retaliatory measures against countries imposing tariffs on American goods.

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The Kyiv IndependentTim Zadorozhnyy

Switzerland’s federal government has approved on 28 May the sale of 71 Leopard 1 battle tanks by defense contractor Ruag MRO to Germany, while explicitly prohibiting their export to Ukraine, in line with Swiss neutrality laws. This was reported by SWI swissinfo.ch.

In 2023, Switzerland’s state-owned arms manufacturer Ruag sought to sell 96 Leopard 1 tanks to the German arms company Rheinmetall for eventual use in Ukraine. The tanks, acquired from the Italian Ministry of Defense in 2016, were originally purchased for resale or as a source of spare parts. They are currently stored in Italy.

However, the Swiss government blocked a proposed sale the same year of the tanks to Germany due to concerns they could be transferred to Ukraine. Swiss law prohibits the export of war matériel to countries involved in armed conflicts.

Following that decision, Ruag MRO submitted an application to the State Secretariat for Economic Affairs (SECO) for a license to carry out the sale. However, according to the federal government, no license is necessary in this case. Germany is listed among countries to which military matériel can be sold without requiring special authorization.

Despite the green light for the transaction with Germany, the tanks “may expressly not be sold to Ukraine,” the report noted.