Lower Austria in sight: US criminal tariffs threaten domestic economy!

Lower Austria in sight: US criminal tariffs threaten domestic economy!

A striking economic deal is in space: After exporting goods worth over 1.6 billion euros from Lower Austria to the United States in 2023, new punitive tariffs, which could particularly hit the steel and aluminum industry. US President Donald Trump is considering providing products from the EU with punitive tariffs of up to 25 percent in order to protect the domestic auto industry in particular. Christian Moser, Vice President of the Lower Austria Chamber of Commerce, expresses concerns: "In any case, a loser has already been determined: This is the American population." Higher prices and heated inflation in the United States could result, as he emphasizes. Against this background, the need for Lower Austrian companies to focus on more stable markets becomes clear. Governor Johanna Mikl-Leitner emphasizes the challenges in front of which Europe is facing and that partnerships have to be rely on stability and trust. In addition, a business delegation from Lower Austria will travel to Japan in May to further expand trade relationships, as reports the industrial association.

strong signal of cooperation between the USA and Japan

Recently Trump and Japanese Prime Minister Shigeru Ishiba met in the White House and proclaimed a “new golden era” for relationships between the USA and Japan. Despite concerns about Trump's unpredictable foreign policy, the meeting was characterized by a positive atmosphere. Trump underlined the perfect obligation of the United States for the security of Japan and promised to strengthen economic ties. In the press conference, Trump laughed at his appearance compared to Ishiba and praised his unshakable spirit. While Trump introduced new 10%criminal offenses on China and 25%tariffs on Canada and Mexico, he could also take other partners similar measures, with Japan being in the line of fire. These developments are followed carefully, especially with regard to possible retribution measures from Tokyo, but the Ishiba to comment on refused.