Iulian Lolea, an economist at the Concordia Employers' Confederation, says the 15% tariffs imposed by the US on EU exports are affecting Romania, but the direct impact is limited as Romanian exports to the US account for less than 3% of the total. However, sectors producing electrical components, cars and steel products will suffer, as they account for more than 60% of exports to the US. The recent agreement between the EU and the US, although more favorable than previous proposals, will make European goods less competitive on the US market, thus affecting economic growth in the euro area and, implicitly, in Romania.
Sources
Latest News
22:57
Prosecutor seeks sentences of up to 12 years for three doctors accused in the death of Diego Maradona
22:53
Donald Trump calls those who use the term “artificial intelligence” instead of “Super Intelligence” “enemies”
22:42
A bison weighing over 800 kilograms was found dead and decapitated in Măgura Ilvei. The police are investigating the case
22:30
George Simion, comment on Luca Niculescu's post about negotiations with the parties: “So, will you be the prime minister in the PSD government?”
22:28
Trump promises that the US will not resume attacks before the midterm elections
See more news