Tariffs will hit subcontracting industries in particular, threatening production cuts and layoffs, exporters warn

From May, the US will also impose tariffs on imported auto components

U.S. President Donald Trump's speech on Wednesday and the introduction of tariffs directed against the entire world triggered a range of reactions. One particular concern for Czech business is the acceleration of the plans of billionaire Pavel Juříček, owner of the engineering group Brano Group. Among the customers of the manufacturer of bonnet,...

The so-called reciprocal tariffs, the introduction of which was announced by US President Donald Trump on Wednesday, will have a negative impact on the subcontracting industry in the Czech Republic in particular. It risks having to reduce production and lay off workers, said Otto Daněk, vice-chairman of the Czech Exporters' Association. According to him, companies themselves have very limited options to cope with the US tariffs. It will be diffi…