The effects of the new tax barriers imposed by the Trump Administration on Canada and Mexico may be multiple, with goods thus tariffed, including energy ones, potentially heading to markets in Europe and Asia, analysts say. The influences on European economies may only be marginal, in the context in which a new US-Europe tariff benchmark has not yet been established, and the consequences on Romania may only be indirect for now, says analyst Radu Crăciun, CEO of BCR Pensii. Obviously, if there is an influence on Europe, it may also spread to Romania.
“The increase in taxes and duties on Canada and Mexico, frankly, I do not expect it to have an impact on Europe, and even less so on Romania. The great unknown that really has a relevance, which cannot be neglected, is the tariff policy in relation to Europe,” Radu Crăciun told Energynomics.
“Because, even if Romania does not have a large share of exports to the US, it is very integrated with European companies, with the European economy, which, in turn, is a large exporter to the US. So the risk is that we will have a spillover effect on the supply chains – the so-called supply chains, which will also affect Romanian companies that are suppliers, providers for European companies.”
