Experts: Estonian economy to be hit indirectly by US tariffs

The president of the United States has decided to impose customs duties, or tariffs, on his main trading partners. He started with additional tariffs on steel and aluminium, and also on cars and their components. On Wednesday he announced a 20% “reciprocal tariff” on EU imports, although the details about how it will materialize are still unknown.

Anyone who exports goods to the USA must pay tariffs of 20 percent from Saturday. How do Düsseldorf entrepreneurs deal with this? We interviewed six well-known companies – from Killepitsch to Klöckner.

Experts: Estonian economy to be hit indirectly by US tariffs

The United States' imposition of a 20-percent tariff on the European Union may not directly affect Estonia significantly, as the U.S. is not a major export partner for the country. However, Estonia sells goods and services to the EU, which in turn exports them to the U.S. — and that has a more substantial negative impact on the Estonian economy, experts said.

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