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Trump warns of 35% tariffs on Serbia and 30% on Bosnia and Herzegovina

Politiko 2025-07-08 10:37:32

Trump warns of 35% tariffs on Serbia and 30% on Bosnia and Herzegovina

US President Donald Trump has announced tariffs of 35 percent on imports from Serbia and 30 percent on imports from Bosnia and Herzegovina. The new tariffs on the two Western Balkan countries, as well as those on a number of other countries, will take effect on August 1.

They are lower than those Trump announced in April - 37% for goods from Serbia and 35% for those from Bosnia and Herzegovina. However, the implementation of the latter was postponed for 90 days. Trump announced the new tariffs in letters to the countries' leaders - in the case of Serbia, to President Aleksandar Vučić, and in the case of Bosnia and Herzegovina, to the current head of the presidency, Željka Cvijanović.

These letters are identical, except for the differences in the tariffs imposed on each country individually. Trump's letter begins by saying that it is a "great honor" for him to send a letter, which demonstrates the importance and commitment of the United States to the trade relationship with that country.

He adds that the US has agreed to continue trade cooperation with the country in question, despite the "significant trade deficit" that the US has with it. According to him, the declared tariff rate - 30 percent for Bosnia and Herzegovina and 35 percent for Serbia - is much lower than what is needed to eliminate the imbalances and trade deficit.

Trump has also threatened to increase tariffs if countries retaliate, imposing additional tariffs on U.S. imports. Trump announced the new tariffs on a number of countries on his social media account, Truth Social, on Monday. Japan, South Korea, Malaysia and Kazakhstan are set to face tariffs of 25%; South Africa at 30%; Indonesia at 32%; Bangladesh at 35%; Cambodia and Thailand at 36%; and Laos and Myanmar at 40%.

In early April, Trump imposed a 10% tariff on imports from Kosovo. At the time, he also imposed a similar measure on imports from Albania, while for those from Serbia it was 37%, from Bosnia and Herzegovina 35% and from North Macedonia 33%. Experts estimated that the US tariffs will have a significant impact on Kosovo, due to its heavy dependence on imports.

Kosovo President Vjosa Osmani said at the time that her office had prepared a law that would allow for the removal of 10% tariffs on goods imported from the US, but that a new parliament must first be constituted for the measure to be approved. Kosovo has not yet constituted a legislative institution, even though parliamentary elections were held five months ago./ REL

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