“The losses will be severe on both sides of the Atlantic, but a difficult trade agreement is better than a senseless tariff war between allies,” he wrote on microblogging platform X.
Poland may lose an estimated $2.16 billion due to new US tariffs on European goods, PM Donald Tusk has said.
“The losses will be severe on both sides of the Atlantic, but a difficult trade agreement is better than a senseless tariff war between allies,” he wrote on X.
Poland does not export many products directly to the US, but expects to suffer knock-on effects as Polish firms are often subcontractors.
The United States clichéd a framework trade agreement with the European Union (EU) recently, imposing a 15-per cent import tariff on most EU goods—around half the threatened rate—and averting a bigger trade war.
Poland does not export many products directly to the United States, but expects to suffer knock-on effects as Polish firms are often subcontractors.
Other Central European countries also said the deal has done away with uncertainty disrupting trans-Atlantic trade.
Preliminary estimates indicate US tariffs will slow Czech economic growth by 0.2 percentage points for the rest of the year and by 0.39 percentage points next year, the latter’s Finance Ministry said.
Fibre2Fashion News Desk (DS)