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
AI companies and chipmakers lose more than $1 trillion amid concerns over financing
22:46
Salvamont rescuers are warning drivers and tourists after snow began falling on the Transfăgărășan and in Poiana Brașov
22:39
The Niculescu Government proposes exempting mothers from paying CASS and maintaining the child-rearing allowance after returning to work
22:25
Niculescu Government targets a deficit below 3% of GDP by 2030 / Spending, tax evasion and revenue collection are priorities
21:55
The government proposed by Luca Niculescu wants to attract a strategic investor to TAROM in 2027, including for a majority stake
See more news