Victor Negrescu, about the tariffs announced by Trump: The American administration's decision risks directly hitting Romanian exports

PSD MEP Victor Negrescu stated that the tariffs announced by Donald Trump directly affect Romania. The social democrat believes that we cannot be passive and just witness "this commercial crusade with many victims."

"That's what we're doing now: we're meeting and running scenarios and surveys about how we're going to be affected. For now, we're going to have these internal discussions with our members to calculate the impact of these tariffs. President Trump dismantled...

Tariffs on imports of steel, aluminium and those from the automotive sector are already causing a shock to the stock markets. Tariffs imposed, including the European Union, will also be applied to Romania. Analysts warn that prices could reach up to $1.4 trillion. The IT sector in Romania will be significantly affected by these tariffs and could end up being taxed at 30%. Romania is one of the countries contributing to the United States' trade d…

Rating agency S&P Global said it would reassess all of its macroeconomic forecasts following the trade tariffs imposed by Donald Trump,...

The unprecedented decisions for world trade will have a major impact on the targeted economies, the US economy and international trade, believe the Romanian Economic Monitor (RoEM) analysts. The aggressive increase in customs tariffs, recently announced by the Trump administration, brings an unprecedented change in the US trade history of the last 100 years, with the effective rate of tariffs on imports increasing from 2.3% to a record 22-23%, a…

Romania’s trade surplus with the US stood at around 1 billion euros last year. With a total trade of 3.4 billion euros, the US is Romania’s second largest non-EU trading partner and 12th in the country ranking. Overall, the US absorbs around 2.5% of total exports and accounts for […] The article Romania – US Trade and the Direct and Indirect Effects of Tariffs first appeared on CursDeGuvernare.ro.