EU–US trade deal to slightly slow Czech economic growth, analysts say

The new trade agreement between the EU and the United States, which includes a 15% flat tariff on most goods, will slow Czech economic growth by 0.3 to 0.4 percentage points, analysts estimate. While the impact is not negligible, experts agree it is preferable to the threat of even higher sector-specific tariffs, which had been dampening investment and creating uncertainty. Sectors expected to be hit hardest include engineering, electronics, and chemicals. Economists welcomed the agreement as a stabilizing factor in global trade. A lower-than-expected final tariff on automobiles is also seen as a relief for major exporters like Germany and Slovakia.