Serbia hit hardest in Balkans by Trump tariff war

Vjosa Osmani, president of Kosovo, pushed for the elimination of all tariffs on U.S. products. The European leader expressed herself on social media following the reciprocal tariffs announced by Donald Trump for a plurality of countries. Osmani spoke of "sending a clear message" with this measure and of "strengthening economic ties with our closest ally." Read more]]>

Serbia hit hardest in Balkans by Trump tariff war

Despite the puzzlingly high tariff rate, US policy toward Serbia has been more amicable under President Donald Trump than under previous administrations.

U.S. Trade Tariffs: Kosovo and Albania Affected, Serbia Hit Harder

In a sweeping move aimed at reshaping global trade, former U.S. President Donald Trump announced new tariffs on international trade partners. Among the affected nations are Albania and Kosovo, which will now face a 10% tariff on their exports to the U.S. However, Serbia, a country with a historically complex relationship with both Albania and Kosovo, has been hit with a significantly higher tariff of 37%. The Economic Impact on Albania and Kosov…

The President of Serbia, Aleksandar Vućić, said today in Sofia that he will resolve the introduction of American tariffs in the next three months.

Economists predict that the consequences of Washington's measures could be an annual decline in Serbia's gross domestic product of up to one percent.

The decision of US President Donald Trump to impose tariffs on imports from a number of countries will change the geopolitical position on the US-Europe and US-Asia relationship and affect the growth of inflation, a drop in employment and a decrease in GDP, while small and open countries, such as Serbia, will indirectly suffer consequences, said economist Ivan Nikolic today