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
23:51
Newsrooms in several European countries were evacuated after receiving false threats
23:16
Israel’s president designated opposition leader Gadi Eisenkot as prime minister
22:31
EIB survey: 80% of respondents in Romania say that more expensive energy has significantly reduced their purchasing power, while 55% have cut spending on food or healthcare
22:22
EPPO announces 13 arrests in an investigation into an alleged €100 million VAT fraud involving luxury cars
22:11
Volodymyr Zelenskyy expresses solidarity with Poland after the shooting attack in Kraków
See more news