Bratislava – The imposition of trade barriers and restrictive measures adversely affects the export capabilities of Slovak companies and industries. On Wednesday, the Slovak Export Council (SEC) highlighted this issue and urged the commencement of discussions at both the national and EU levels with U.S. partners to avert a potential trade conflict, according to TASR reports.
“We must not be misled by figures indicating how much steel or aluminum the Slovak industry exports directly to the USA. The implications of these tariffs are broader; this poses challenges not just for the European Union, but also for the Slovak economy, which is slipping in global competitiveness rankings,” stated Lukáš Parízek, chairman of the SEC.
He further explained that member companies within the metallurgy sector export aluminum to the U.S. not only from Slovakia but also from their subsidiaries, such as those in Canada. Therefore, it is essential to understand the context of these tariffs and associated restrictions more comprehensively. (March 12)
“The implications of these tariffs are broader; this poses challenges not just for the European Union, but also for the Slovak economy, which is slipping in global competitiveness rankings.” Lukáš Parízek.
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