Trump discusses duty-free trade zone with the US for Ukraine

Artur Romanchenko
Artur Romanchenko Journalist
Trump discusses duty-free trade zone with the US for Ukraine
US Special Representative Steve Witkoff, screenshot from video speech
In Davos, the US President`s special envoy stated that the idea of duty-free trade with Ukraine could give Kyiv a significant competitive advantage and accelerate the revival of industry.

During discussions, US President Donald Trump spoke about the possibility of creating a duty-free trade zone between Ukraine and the United States. This was announced on 22 January by US President's Special Envoy Steve Witkoff during the Ukrainian Breakfast at the annual meeting of the World Economic Forum in Davos.

According to Witkof, the idea of a duty-free zone could be a game changer for the Ukrainian economy. He noted that in the absence of customs duties on goods supplied to the United States, Ukrainian manufacturers would gain a significant advantage over their competitors. In his opinion, this could stimulate the rapid return of industrial enterprises and investments to the region.

The special envoy stressed that such initiatives are being discussed as a way to support Ukraine in the context of war and economic challenges. He emphasised that the Ukrainian people deserve such decisions because of the courage and resilience they have shown in the fight against Russian aggression.

Earlier, Deputy Prime Minister for European and Euro-Atlantic Integration Taras Kachka noted that large-scale investments in the reconstruction of Ukraine over the next ten years could reach eight hundred billion dollars or more. According to him, the implementation of such plans will require not one, but a whole series of international legal decisions.

World Economic Forum, Davos, USA, Donald Trump, Steve Witkoff

Share tittle
Politics
British Prime Minister Andy Burnham has agreed to the use of military bases for selected US strikes against Iran
Politics

British Prime Minister Andy Burnham has agreed to the use of military bases for selected US strikes against Iran

The new British Prime Minister, Andy Burnham, has backed the decision to allow the United States to use British military bases for targeted strikes against Iran, which London describes as defensive. This approach continues the policy of the previous government.

22.07.2026
Foreigners may only be allowed to work in Ukraine in sectors where there is a shortage of Ukrainians
Politics

Foreigners may only be allowed to work in Ukraine in sectors where there is a shortage of Ukrainians

Ukraine is considering the possibility of recruiting foreign workers due to an acute labour shortage, but they must not compete with Ukrainians for jobs. A proposal has been put forward in the Verkhovna Rada to allow the employment of foreign nationals only in those sectors where vacancies cannot be filled by domestic workers.

22.07.2026
Putin is only prepared to return to the negotiating table once the Donbas has been seized — Bloomberg
Politics

Putin is only prepared to return to the negotiating table once the Donbas has been seized — Bloomberg

The Russian leader, Vladimir Putin, is prepared to continue peace talks only once the Russian Federation has seized the whole of Donbas. The Russian Ministry of Defence is assuring him that this can be achieved by 2026, but rank-and-file soldiers disagree.

22.07.2026
The Lithuanian Defence Minister has stated that Russia may regard the Baltic states and Poland as its next targets
Politics

The Lithuanian Defence Minister has stated that Russia may regard the Baltic states and Poland as its next targets

Lithuanian Defence Minister Robertas Kaunas has stated that, as the war against Ukraine has not yielded the expected results, the Kremlin may seek a further escalation. According to him, Russia may regard the Baltic states and Poland as its next potential targets.

22.07.2026
Ihor Skybyuk is to become the new Chief of the General Staff of the Armed Forces of Ukraine
Politics

Ihor Skybyuk is to become the new Chief of the General Staff of the Armed Forces of Ukraine

Major General Ihor Skybyuk is to become the new Chief of the General Staff of the Armed Forces of Ukraine. The personnel decisions regarding the reshuffle of the military leadership are due to be formalised on 22 July.

22.07.2026
Economy
All the electricity put up for sale was sold at the long-term auction
Economy

All the electricity put up for sale was sold at the long-term auction

Energoatom and Ukrhydroenergo have sold all the electricity volumes offered at the first special long-term auctions. In total, the state-owned companies sold 462,148 MWh, to be supplied between August and December 2026.

22.07.2026
The IMF has postponed the introduction of VAT for sole traders until 2028: what will change
Economy

The IMF has postponed the introduction of VAT for sole traders until 2028: what will change

The International Monetary Fund has agreed to postpone the introduction of value added tax (VAT) for sole traders operating under the simplified tax system. Instead of January 2027, the new rules are due to come into force on 1 January 2028.

22.07.2026
After the war, the military levy may be replaced by a reconstruction tax — the government is discussing the idea with the IMF
Economy

After the war, the military levy may be replaced by a reconstruction tax — the government is discussing the idea with the IMF

The Ukrainian government is considering replacing the current 5 per cent military levy with a special tax for post-war reconstruction. This option is included in the updated Memorandum of Cooperation between Ukraine and the International Monetary Fund.

22.07.2026
Court overturns 4 million fine following an inspection of ‘Tekhno Yizhak’
Economy

Court overturns 4 million fine following an inspection of ‘Tekhno Yizhak’

During a retrial, the Kharkiv District Administrative Court quashed a tax penalty of 4,038,423 hryvnias imposed on a business owner following an inspection of a shop in the centre of Odesa. The decision was based on irregularities in the way the inspection was arranged, rather than on a refutation of the tax authorities’ claims regarding the accounting of goods.

22.07.2026
The Innovation Development Fund plans to purchase 860 Starlink Mini units for 17 million
Economy

The Innovation Development Fund plans to purchase 860 Starlink Mini units for 17 million

The Innovation Development Fund has announced a tender for the purchase of 860 Starlink Internet Satellite Mini satellite modems or their equivalents. The maximum funding amount for the purchase, including VAT, is 17.028 million hryvnias.

22.07.2026