trade agreement

EU-US trade agreement lowers tariffs but raises concerns for Serbia

The recent agreement between the European Union (EU) and the United States (US) to reduce tariffs on EU exports from a planned 30% to 15% starting August 1 brings some relief to global markets, including Serbia’s. However, experts warn this deal includes political and economic pressures that may negatively impact Serbia. The EU agreed to invest $600 billion in the US and purchase $750 billion worth of American energy products over the next three years. This arrangement is seen by…