Trump's tariffs will have limited impact on the Netherlands: CPB
3 weeks, 4 days ago

Trump's tariffs will have limited impact on the Netherlands: CPB

Dutch News  

The impact of Donald Trump’s import tariff plans when he assumes the presidency next year will largely affect the US’s own imports and exports, and have only a negligible effect on the Netherlands, economic think-tank CPB said on Thursday. The import tariffs Trump plans to implement will cut US exports by 20%, but will only reduce Dutch imports and exports by 1% overall, the CPB says. Exports to the US account for only between 4% and 5% of Dutch exports, so the impact of the import tariffs will be extremely limited, the CPB said. Rabobank economists suggested earlier that the new US tariffs could cut €10 billion off the value of Dutch exports, which is enough to have an impact on corporate earnings, the paper said.

History of this topic

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