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The European Union will impose higher tariffs on imports from Ukraine.
Jin10 reported on May 14 that the European Union is preparing to impose much higher tariffs on imports from Ukraine within weeks, a move that will hit the country's economy hard as it is at a critical moment in responding to the Russia-Ukraine conflict. Diplomats say that following Poland's lead in pushing to protect EU farmers, the EU has decided to abruptly terminate the special trade arrangement that allowed most Ukrainian goods to enter the EU duty-free. The EU has a free trade agreement with Ukraine, but after the conflict broke out in 2022, the EU further removed the remaining tariffs. These trade arrangements will expire on June 6, and the EU plans to replace them with "transitional measures" as both sides update their overall trade agreement.