New US Tariffs Should Not Impact Slovenia

By , 03 Oct 2019, 17:06 PM Business
New US Tariffs Should Not Impact Slovenia Flickr, CC-by-2.0

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STA, 3 October 2019 - The new custom duties the US is set to impose on products from the EU on 18 October will not affect Slovenia, neither directly nor indirectly, according to the analytical department of the Chamber of Commerce and Industry (GZS).

What is more, because some of the duties will apply only to some member states, cheese, olives and pork from Slovenia might become more attractive for the US, the GZS said in a commentary on Thursday. Duties on these products will be imposed for Germany, Spain and the UK.

The GZS said the move was expected but added it was surprised by the swiftness with which the duties were being introduced.

In total, the products subjected to the increase in customs are valued at EUR 7.5 billion. The move was expected after the World Trade Organisation (WTO) found that Airbus received unjustified state subsidies.

Europe is likely to impose counter-measures and the WTO is likely to find that Boeing, as well, received unjustified subsidies from the US.

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