domestic businesses

Serbia faces economic challenges due to U.S. tariffs

The recent implementation of higher U.S. tariffs, affecting numerous countries, including Serbia, has raised concerns among domestic businesses. Although the tariffs were delayed, Serbian companies are bracing for their negative impact. Experts highlight that Serbia faces one of the highest tariff rates in Europe, set at 37%, which threatens the competitiveness of Serbian products, particularly in sectors such as automotive, tire production, food, and specialty industries. Đorđe Petrović, owner and director of Companies Connected Consulting, emphasized that Serbian exports, which…