Trump says U.S. will impose a 35% tariff on Serbia

Trump says U.S. will impose a 35% tariff on Serbia

U.S. President Donald Trump has announced that the United States will impose a 35% tariff on Serbia, effective from August 1. This decision follows a series of tariff adjustments and negotiations between the U.S. and its trading partners. The new tariffs are part of a broader strategy to address trade imbalances and protect American industries.

The implementation of these tariffs has been delayed from the previously announced date of July 9. According to a statement from the U.S. Secretary of Commerce Howard Lutnick, the new tariffs will take effect on August 1, although the specific rates and agreements are still being determined by the president [1].

This delay provides Serbia and other affected countries with an additional three weeks to negotiate and prepare for the new tariff regime. However, the ambiguity surrounding the tariff implementation has created an extended period of uncertainty for importers and businesses.

The new tariff rate of 35% on Serbian imports represents a significant increase from the previously announced 10% basic tariff rate. This move comes as part of ongoing trade negotiations between the U.S. and the European Union, with the goal of reaching a mutually beneficial agreement by July 9 [2].

The European Commission President, Ursula von der Leyen, has emphasized that the EU's goal remains to reach a trade agreement with the U.S. to avoid the introduction of higher tariffs. The EU is aiming for a "win-win" outcome that benefits both parties, rather than imposing "loser" tariffs [2].

The announcement of the 35% tariff on Serbia is part of a broader strategy by the Trump administration to address trade imbalances and protect American industries. The tariffs are expected to have a significant impact on Serbian exports and could potentially lead to increased costs for consumers and businesses in both countries.

References:
[1] https://serbiantimes.info/en/new-tariffs-from-america-heres-when-they-start-and-what-it-means-for-serbia/
[2] https://fakti.bg/en/world/984171-ursula-von-der-leyen-and-donald-trump-discussed-eu-us-trade-relations