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
23:03
The Supreme Court gives Donald Trump a victory / The federal database for verifying voters’ citizenship may be used
22:55
Diesel fuel in Romania could become up to one leu more expensive per liter if the U.S. stops exports
22:43
Daniel Dăianu warns: Romania is facing an “economic hurricane”
22:27
Vladimir Putin says that Russia is not preparing hostilities against Europe and makes the resumption of negotiations with Ukraine conditional
22:11
EU calls on Great Britain to raise tariffs on Chinese cars
See more news