Poland may lose $2.16 bn due to US tariffs on European goods: PM Tusk

“The losses will be severe on both sides of the Atlantic, but a difficult trade agreement is better than a senseless tariff war between allies," he wrote on microblogging platform X.

The United States clichéd a framework trade agreement with the European Union (EU) recently, imposing a 15-per cent import tariff on most EU goods—around half the threatened rate—and averting a bigger trade war.

Poland does not export many products directly to the United States, but expects to suffer knock-on effects as Polish firms are often subcontractors.

Other Central European countries also said the deal has done away with uncertainty disrupting trans-Atlantic trade.

Preliminary estimates indicate US tariffs will slow Czech economic growth by 0.2 percentage points for the rest of the year and by 0.39 percentage points next year, the latter’s Finance Ministry said.

ALCHEMPro News Desk (DS)