Trump, Tariffs, and How Will They Affect Bulgaria?

The President of the United States Donald Trump stated on Sunday evening that his administration is close to concluding several trade agreements in the coming days and will notify other countries about higher import tariffs by July 9, with the higher rates to take effect on August 1. Despite promises to work on 90 deals in 90 days, Trump and his team have managed to complete only a few agreements - a limited agreement with the United Kingdom and a not well-defined agreement with Vietnam. The long-promised deal with India has not materialized. What is the status of negotiations with several US trading partners, who have deadlines this week, was reported by BTA in its material. Bulgaria Approximately 13 million leva per year are the revenues from import tariffs on goods from the US in the country over the past two years - 2023 and 2024. This is about 4 percent of total tariff revenues. VAT revenues from imports for the period 2023 - 2024 are in the range of 145 - 149 million leva ...