Daily events from North Macedonia

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Government Response to US Tariff Increase

The government asserts that the recent US decision to increase tariffs on imports from all countries, including a 33 percent increase for Macedonia, which exceeds the EU’s 20 percent, will not significantly impact the national economy, and a plan is in place to address the situation.

According to the government, the decision was anticipated, and no country globally has been exempt, including Great Britain, Canada, the European Union, and numerous others. Government teams have been analyzing potential consequences and have developed a plan to navigate the situation.

The government emphasizes that there is no cause for panic or hasty reactions. Contacts with the American administration have been initiated and will continue at a high level, as the government works towards a resolution and plan implementation. This situation presents an opportunity for those with ulterior motives to launch unfounded attacks and attempt to damage the government’s reputation for personal or political gain. The government views this as an attempt to renegotiate global trade relations, which may initially be a shock but will ultimately present opportunities for some.