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
20:01
Two Romanians robbed the home of the creator of Peppa Pig and were later caught with a Louis Vuitton suitcase
19:47
Russia has closed Germany's consulate in Saint Petersburg
19:38
Poland temporarily closes two airports after Russia's drone attack in western Ukraine, near the Polish border
19:29
The Infotrafic Center is closing traffic on the A3 between Nușfalău and Suplacu de Barcău for motorway construction works
19:13
Donald Tusk warns that Poland must be prepared for any scenario following Russian attacks near the border
See more news