SKOPJE, North Macedonia (AP) \u2014 North Macedonia announced plans Monday to abolish all import taxes on the United States in the hope of reaching a reciprocal zero-tariff deal with the Trump administration.<\/p>\n
The plan still requires parliamentary approval and was put forward after the Balkan country was hit with a 33% tariff from the United States \u2014 considerably higher than the 20% imposed on the European Union.<\/p>\n
\u201cBy unilaterally reducing customs rates, we are sending a message to accelerate the process of reciprocity in a mutual trade exchange,\u201d Finance Minister Gordana Dimitrieska Kochoska told reporters.<\/p>\n
The trade volume between the two countries was just $314 million last year while U.S. imports totaled $196 million, according to government figures.<\/p>\n
Foreign Minister Timcho Mucunski said he discussed the possibility of a free-trade agreement with the U.S. at a meeting in Washington last week with Secretary of State Marco Rubio.<\/p>\n
North Macedonia\u2019s plan is part of a wider effort to try and stimulate its economy and would include other tariff reductions. <\/p>\n","protected":false},"excerpt":{"rendered":"SKOPJE, North Macedonia (AP) \u2014 North Macedonia announced plans Monday to abolish all import taxes on the United…\n","protected":false},"author":2,"featured_media":154006,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5311],"tags":[51,65038,12261,34733,32,4179,3058,2820,10545,285,5214,49,5213,978,659,263],"class_list":{"0":"post-154005","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-business","9":"tag-business-ownership","10":"tag-district-of-columbia","11":"tag-domestic-news","12":"tag-donald-trump","13":"tag-general-news","14":"tag-international-trade","15":"tag-marco-rubio","16":"tag-north-macedonia","17":"tag-politics","18":"tag-tariffs-and-global-trade","19":"tag-united-states","20":"tag-united-states-government","21":"tag-us","22":"tag-usa","23":"tag-world-news"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114617808269733784","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/154005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=154005"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/154005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/154006"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=154005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=154005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=154005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}