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
18:37
Robert Fico: Slovakia will not send troops if a war breaks out between NATO and Russia
18:36
The Ministry of Environment has issued the environmental permit for the completion of works at the Cornetu-Avrig hydroelectric power plant / The investment is estimated to produce 156.8 GWh annually
18:26
Claudiu Năsui resigns from the Chamber of Deputies, and Mihai Alexandru Badea will take over his mandate as a deputy for Bucharest
18:21
SPECIAL Informat.ro / Ranking of international political topics from the past week. Effects on Romania
18:16
Romania and the USA are expanding cooperation on border security. Cătălin Predoiu: “Security and prosperity mutually reinforce each other”
See more news