Business Forum • 3 April, 2025 at 11:01 AM
As US President Donald Trump has announced a 20% tariff on products imported from the EU, Romanian PM Marcel Ciolacu said the government will launch support schemes for local companies that could be directly impacted by this move.
Ciolacu said Romanian companies have to be protected against the “new trade war between America and Europe.”
"We are preparing support measures for all affected industries through state aid schemes that are as efficient and easy to apply as possible, in order to produce effects in the shortest time,” said the PM during Thursday's government meeting.Meanwhile, European Commission President Ursula von der Leyen said the tariffs will increase the cost of doing business with the US.
“We are already finalising a first package of countermeasures in response to tariffs on steel. And we are now preparing for further countermeasures, to protect our interests and our businesses if negotiations fail,” said the EC head.
Von der Leyen added that the EC will hold strategic talks with the steel, the automotive and the pharmaceutical sector for additional support measures over trade risks.