Romanian finance minister says tariff war might actually push prices down
<p>No price hikes are expected in the short term while the prices might decrease in the long term, Romanian finance minister <strong>Tanczos Barna </strong>told news channel <a href="https://www.digi24.ro/stiri/economie/cum-este-afectata-romania-de-taxele-lui-trump-tanczos-barna-pe-termen-scurt-nu-asteptam-scumpiri-pe-termen-lung-pot-aparea-ieftiniri-3193621?mc_cid=57d8d9b074&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Digi24</a>, commenting on the effects of the tariffs imposed by the US Administration. He explained that this would be an effect of China re-orienting its exports away from the United States and seeking new markets.</p>

<p>Asked about the price cuts in Europe, the finance minister said that "things can change radically with Chinese products."</p>

<p>"It is premature to make final analyses. Let's see how this dispute between the US and other continents ends," he added.</p>

<p>As for the economic impact of the tariffs on Romania's economy, minister Tanczos Barna said that the industry needs the support of the Romanian state.</p>

<p>Speaking about the automobile industry, Tanczos said that the first round of discussions with the industry's representatives had taken place.&nbsp;</p>

<p>"We have started theoretical impact studies on the new customs duty system. The industry will certainly need a safety net as tariffs of 25%, 10%, 20%, somewhere in that range, remain in place.&nbsp;We [Romania] are not directly affected because we do not export cars to the United States [...], but we do have significant deliveries to Germany, France, and other European countries from where cars leave for the United States.&nbsp;The industry needs the support of the Romanian state and we will certainly find solutions to have a safety net for those in this industry," minister Tanczos said.&nbsp;</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: Inquam Photos/George Calin)</em></p>