GDP decline

Serbia faces economic setback as U.S. imposes high tariffs, economists warn of GDP decline

Economists predict that the U.S. tariffs could lead to a potential decline in Serbia's GDP by up to 1% annually. While Serbia is among the top 10 countries globally affected by the new tariffs, this development is not being celebrated. U.S. President Donald Trump introduced new tariffs on goods from over 180 countries and territories. The 37% tariff imposed on Serbian products is higher than the rates applied to other Balkan nations. According to economist Gordana Bulatović, Serbia's tariffs are…