Czech politicians and economists criticize US tariffs

Czech politicians, economists and businesses have criticized US President Donald Trump’s new tariffs, warning of negative impacts on the economy. According to the finance ministry, the measures could slow GDP growth by 0.6 to 0.7 percentage points. The Exporters’ Association expects the subcontracting industry to be hit hardest, raising concerns over production cuts and job losses. While government leaders stress the need for a strong European response, opposition party ANO opposes retaliatory steps. The industry ministry plans to boost export support and diversify markets beyond the US. President Trump’s tariffs, set at 20% for EU imports, aim to boost American manufacturing.