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In recent developments, tariff-related tensions have surfaced prominently on the global stage. The European Union is contemplating halting trade deals with the United States due to President Donald Trump's threats to impose tariffs on nations opposing policies like the purchase of Greenland. Additionally, discussions between Ukrainian President Volodymyr Zelenskyy and Trump regarding a possible free trade agreement spotlight the strategic maneuvers in international trade. Meanwhile, Trump's tariff ambitions, targeting countries like China, have sparked global reactions affecting the economic landscape. The EU's tactical stance towards potential tariff hikes on Russian oil further emphasizes the ripple effect of these tariff policies.
Why is the EU considering halting a trade deal with the US?
The EU plans to halt the trade deal with the US due to threats of tariffs by US President Donald Trump. His advancement of tariffs against countries not complying with certain US policies, such as the challenge on Greenland's purchase, has led the European Parliament to question the feasibility and fairness of ongoing negotiations, thus considering a halt to ratification.
What is Zelenskyy discussing with Trump regarding tariffs?
President Zelenskyy of Ukraine is in talks with US President Donald Trump about potentially concluding a free trade agreement which would include zero tariffs. This initiative is part of broader efforts to support Ukraine's economic recovery post-Russian conflict, highlighting the significance of such an agreement in facilitating economic growth and rebuilding trade relationships.
What alternative to weapon transfers has been suggested for Ukraine?
Steve Witkoff, a US special representative, suggested that instead of seeking Tomahawk missile transfers, Ukraine's delegation could engage with President Trump on securing a 10-year tariff exemption. This advice aims to provide a long-term economic benefit and strengthen Ukraine's trade position through a strategic focus on tariff relief instead of military hardware transfers.
How might increased tariffs affect global trade relations?
Increased tariffs, especially under Trump's administration, could significantly alter global trade dynamics. If countries like China or the EU face elevated tariffs, it could lead to retaliatory actions, creating a cycle of escalation impacting global markets. These tensions might lead to decreased trade volumes, altered economic alliances, and potential instability in global supply chains as countries navigate these economic challenges.
Are there any discussions about changing tariffs on Russian oil?
The European Union is considering raising tariffs on imports of Russian oil. This decision could be made by the European Commission through a qualified majority vote, rather than requiring a unanimous decision. This move represents a strategic standpoint by the EU to exert economic pressure, affecting international energy trade and aligning with broader geopolitical signals related to Russian resources and influence.
What impact do tariffs have on domestic economies?
Tariffs imposed by major economies like the US can have profound impacts on domestic markets. They often lead to increased costs for imported goods, which can be passed down to consumers through higher prices. Additionally, they can provoke trade imbalances, affect exports due to retaliatory measures, and influence currency valuation, potentially triggering inflation and impacting overall economic stability within affected countries.
TOP news Tariffs
"Social" gas price for population to increase by 53 percent April 1, heating fees - by 80 percent, - Regulatory Commission Gas rates for the population will probably increase by 53 percent after April 1. Upon the increase, central heating rates for the population might rise by 80 percent on average. 396 853 1 176 Previously in trend: Rates for housing services and utilities
National Commission for State Energy Regulation has increased gas tariffs for residential consumers by 3.3 times National Energy Regulation Commission (NERC) has raised the minimum tariff for gas for residential consumers by 3.3 times up to 3,600 hryvnia (roughly $128) for 1,000 cubic meters effective Apr. 1. The price of natural gas will be 7,188 hryvnia (roughly $257) per thousand cubic meters in the summer time (from May 1 to Sept. 30). 304 121 1 956
Gas price for consumers will rise by 280%, heat supply by 66% - Bank of Ukraine Head The Ukrainian government and the International Monetary Fund have agreed upon increase in gas tariffs for consumers by 280%. The price of heat supply will be raised by 66%. 274 283 1 556
New residential electricity rates take effect in Ukraine A 3 to 30 percent increase in residential electricity tariffs up to 0.9-1.68 hryvnia per kWh ($0.03-0.06 per kWh) entered into force on March 1. 237 484 881 Previously in trend: Rates for housing services and utilities
Cabinet to increase gas rates for population to market level in 2015: 20 million of Ukrainians will receive grants-in-aid Prime Minister Yatseniuk announced plans to raise gas prices for citizens to the market level not in 2017, as expected earlier, but yet in 2015. 191 446 661 Previously in trend: Budget 2013
Domestic consumers to pay 6,879 hryvnia per 1,000 cubic meters of gas, - Economy Minister Kubiv Gas price for population in Ukraine will be set at 6,879 hryvnia ($280) per 1,000 cubic meters. 173 775 768 Previously in trend: Hroisman's Cabinet
National utilities commission approves heating, hot water rates increase The National Energy and Utilities Regulatory Commission has agreed to almost double tariffs for thermal energy, centralized heating, and centralized hot water supply for private consumers from July 1, 2016. 164 960 716 Previously in trend: Rates for housing services and utilities
Energy charge in Ukraine to increase dramatically from Sept. 1 The price of electricity, both for urban and rural residents of Ukraine, will increase by 20% from Sept. 1. 159 231 682 Previously in trend: Rates for housing services and utilities
"No errors or mistakes," - Kyivenerho on heavy heating bills The utility provider says the heating bills were issued correctly and no mistakes were made. 151 371 402 Previously in trend: Rates for housing services and utilities
Heating and hot water rates for consumers increase twofold starting July 1 The increase of the rates is caused by setting of a single gas price for population and communal enterprises at 6,800 hryvnia ($278) per thousand cubic meters. 143 950 735 Previously in trend: Rates for housing services and utilities
Electricity rates to go up by 25 percent across Ukraine from March 1 The National Energy and Utilities Regulatory Commission of Ukraine will increase the minimum electricity price for households by 25 percent from March 1, 2016 to UAH 0.57 per kWh. 139 302 809 Previously in trend: Rates for housing services and utilities
Cabinet lowers social norms for heat, electricity, and gas consumption for subsidizing purposes The Cabinet has lowered the norms of consumption of utility services set by the state for the purpose of calculating subsidies for the population. 125 118 354 Previously in trend: Rates for housing services and utilities
Ukrainians with unpaid communal services to receive no utility subsidy since May 1, - government Starting from May 1, the Cabinet of Ministers of Ukraine decided not to provide citizens with grants for the payment of communal services for the next period if they failed to pay utility bills over two months. 107 251 260 Previously in trend: Rates for housing services and utilities
Power tariffs to increase effective Sept. 1 On Sept. 1, the second increase in power tariffs for citizens will come into force. In general, the cost of electricity will increase by 23% compared to current rate. 106 079 582
Gas tariffs in Ukraine will increase in first quarter of 2015 The National Regulatory Commission in the energy and utilities sector will review the price of gas for consumers in terms of increase in the first quarter of 2015. 103 880 634
Fair rates may help resolve crisis in Ukraine, - Hroisman Prime Minister Volodymyr Hroisman does not like high tariffs. However, such an unpopular step will help overcome corruption in setting rates for utilities and restore the worn out infrastructure and networks. 97 197 568 Previously in trend: Rates for housing services and utilities
"Gas tariffs will 100% comply with cost. We have no other way," - Hroisman Low or economically unjustified tariffs set the stage for large-scale corruption. 97 177 713 Previously in trend: Hroisman's Cabinet
"Certain female political leader stating that Ukrainian gas costs $20 is rampant populism," - PM Hroisman. VIDEO Ukraine's Prime Minister Volodymyr Hroisman has accused leader of Batkivshchyna party Yuliia Tymoshenko of populism. 91 889 578
Donbas blockade may entail growth of tariffs, - Vice Premier Rozenko Further blocking of coal supplies from the Donbas occupied territories may lead to an increase in utility tariffs for housing and communal services as well as to an economic downturn. 89 278 668 Previously in trend: Rates for housing services and utilities Blockade of "DPR/LPR"
Kyiv residents to pay twice as much for apartment block maintenance The Kyiv city administration has increased the maintenance fee for apartment block residents from 3 hryvnia to 6.43 hryvnia ($0.25) per square meter. 88 095 259 Previously in trend: Rates for housing services and utilities
Ukraine lacks funds to proceed with low tariffs, - Minister Reva Ukraine's limited resources do not allow it to restrain the growth in utility rates. 79 784 388 Previously in trend: Rates for housing services and utilities
Ukraine’s energy and utilities regulator introduces changes to gas bills The National energy and utilities regulatory commission of Ukraine (NEURCU) ruled to present information on gas consumption to customers not only in cubic meters, but also in energy units. This will allow comparing consumption of natural gas and other energy commodities. 78 694 107
"Those who say all is lost, take Validol, everything will be fine," - Hroisman Prime Minister Volodymyr Hroisman has urged politicians not to sow panic and trade on the question of raised utility tariffs. 76 555 542 Previously in trend: Rates for housing services and utilities
PM Hroisman on utility rates: Prices are burden for Ukrainian citizens Many large Ukrainian cities are heated with coal, so the switch to gas heating will again increase utility rates for citizens. 67 397 313
Rates for Heating Will go up 30% and Individual Heating Will be Fined Until the end of the heating season, heat tariff for the population in Ukraine could rise by 30%, with officials offering to penalize those who switched to individual heating. 63 747 409
Monthly recurring fee for gas to make 4.5 million consumers pay extra, social policy minister says The decision of the National Energy and Utilities Regulatory Commission (NEURC) to impose a recurring fee for gas delivery infrastructure exploitation is ill-considered. 63 115 250 Previously in trend: Rates for housing services and utilities
Utility fees risen in occupied Crimea The utility fees in Russia-occupied Crimea have increased by 11 percent since the beginning of this year. 58 866 216 Previously in trend: Occupation of Crimea
Poroshenko says decision on recurring fee for gas must be suspended President of Ukraine Petro Poroshenko commented on the decision to introduce recurring fee for gas. 57 361 267
Batkivshchyna faction MPs and its head Tymoshenko left Rada’s coordination board Head of the Batkivshchyna faction Yulia Tymoshenko and members of this political force have left the meeting of the coordination board of the leaders of factions and chairmen of the parliamentary committees. 56 841 324
Cabinet decides on new algorithm of heating bills calculation Bills for central heating services provided in apartment houses without heating counters will be calculated based on average city consumption data received from houses with heating counters installed and operating. 56 178 62 Previously in trend: Rates for housing services and utilities
Double water rate to be introduced in occupied Crimea: residents will pay for water even when not using it Crimea's occupational authorities are calculating possibilities for introduction of double rate for water and sewerage. 54 765 210 Previously in trend: Occupied territories - Crimea and Donbas
"I will not allow increasing utility rates for people," PM Hroisman says The price of gas for the population will not increase. 50 059 316 Previously in trend: Rates for housing services and utilities
Cancellation of gas distribution fee comes into effect The April 10 decision of the National Commission for State Regulation of Energy and Public Utilities to cancel natural gas distribution fees has entered into force. 47 493 46
Government will not reduce gas utility rates, will support those unable to pay, - MP Hroisman The Cabinet of Ministers of Ukraine has approved bottom market price of gas, making its future reduction impossible. However, the government promised to support insolvent persons through grants-in-aid. 45 632 683 Previously in trend: Rates for housing services and utilities
No reason for increase in utility rates, Vice Prime Minister Rozenko says As of today, there are no reasons to increase utility rates for the population (gas, electricity) in 2017. 44 603 195 Previously in trend: Rates for housing services and utilities
Gas tariffs can only be reduced after global gas price drop, Naftohaz Head Koboliev says The gas tariffs in Ukraine can only be lowered if the gas price on the free market scales down. 32 067 304 Previously in trend: Rates for housing services and utilities
Ukrzaliznytsia to raise railroad fare by 20-25 percent from June 1 Ukraine’s railroad operator Ukrzaliznytsia plans to receive additional 7 billion hryvnia (over $262 million) in revenues due to scheduled tariffs increase. 31 935 113
Families that file for subsidies will pay less for utilities than last year, - PM Hroisman Many Ukrainian families that have applied for subsidies will pay less for utility services in 2016 than last year. 31 530 164 Previously in trend: Rates for housing services and utilities
Reduction of rents for Ukrhazvydobuvannia would mean elimination of social norms and actual increase of tariffs, - MP to Parliament The norm to reduce rents for Ukrhazvydobuvannia offered by certain MPs may lead to the elimination of social norms in the cost of gas. 31 285 258
Cabinet of Ministers has increased electricity tariff for households, it will amount to 4.32 UAH/kW - media At today’s meeting, the Cabinet of Ministers decided to increase the electricity tariff for households. 29 655 252
Citizens owe 11.9 billion hryvnia for heating and hot water, - Statistics Service Ukrainian citizens owe 11.9 billion hryvnia ($440.7 million) for heating and hot water services. The amount increased by 6.7% in February from that owed in January 2017. 27 645 130 Previously in trend: Rates for housing services and utilities
National Commission on Housing and Community Amenities Offers New Tariff Calculation Method The National Commission which regulates the cost of utilities in the state is offering a new method of calculating rates. 27 035 124 Previously in trend: Rates for housing services and utilities
America’s Golden Age is coming back - Trump imposes massive tariffs on imported goods On Wednesday, 2 April, US President Donald Trump announced the introduction of at least 10% tariffs on almost all goods imported to the US. For some countries, the tariffs are higher. In particular, China - 34%, the European Union - 20%. 24 306 221 Previously in trend: Trumps tariffs
Minister Demchyshyn sees no reasons to revise gas tariffs for population Minister of Energy and Coal Industry Volodymyr Demchyshyn sees no reasons to revise gas tariffs for population. 23 287 166
Bringing gas price for population to fair one should encourage consumption reduction, NBU head says The government's decision to bring gas price for households to market rate as early as this year should be an additional incentive to reduce gas consumption in the country and, consequently, drop its imports. 23 005 263 Previously in trend: Rates for housing services and utilities
Infrastructure minister deems inevitable increase in rail travel cost being unchanged since 2014 Ukraine’s state-run railroad operator Ukrzaliznytsia is unlikely to have enough time to arrange an increase in tariffs for passenger rail travel before April 1 but it is inevitable as prices of tickets have not been raised for a long time. 22 170 110
US imposes additional 104% tariffs on China, tariffs go into effect – White House The United States has imposed additional duties of 104% on Chinese goods, as Beijing has not canceled its measures in response to Washington's tariffs. 19 634 238 Previously in trend: Trump imposes duties on imports from Сhina Trumps tariffs
National utilities commission to consider new heating, hot water tariffs The National Energy and Utilities Regulatory Commission will meet on June 9 to set up tariffs for heating and hot water supply for private consumers. 19 407 110
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