Carinthia's companies in turbulence: Trump-Zölle endanger exports!
Carinthia's companies in turbulence: Trump-Zölle endanger exports!
Kärnten, Österreich - In Carinthia, the export transactions are of crucial importance for the economy of the federal state. Current figures show that every second euro is generated by these business. In view of the chaotic customs policy of US President Donald Trump, companies are increasingly facing challenges. According to a report of the Krone , many companies in Carinthia are looking for stable alternatives on a global level to secure their often -important foreign trade relationships.
The uncertainties in international trade increase, in particular due to the rising tariffs that Trump has imposed on various products in order to strengthen domestic production and reduce trade deficits. The customs dispute between the USA and other economies not only hit the automotive and steel industry hard, but also influences the worldwide stock exchanges, which increases the concerns of investors with regard to global economic development. The Analyzes on Capital raise that the tightening of the trade conditions could lead to a slowdown in trade.
tariffs and their consequences
Trump has announced and enacted various tariffs, including 25% tariffs on all steel and aluminum imports and 10% on China that were introduced in connection with the drug problem. The United States also introduced punitive tariffs on Canada and Mexico on February 1, 2025, which were temporarily suspended. The trade environment has thus changed significantly, which also has an impact on Carinthia's exporting companies.
- tariffs to countries:
- China: 34%
- EU: 20%
- Vietnam: 46%
- Taiwan: 32%
- Japan: 24%
- India: 27%
- South Korea: 26%
- Thailand: 37%
- Switzerland: 32%
- Indonesia: 32%
- Malaysia: 24%
- Cambodia: 49%
- Great Britain: 10%
- South Africa: 31%
- Brazil: 10%
- Bangladesh: 37%
The EU has also reacted and announced tariffs to US goods worth 26 billion euros, including Bourbon Whiskey and Jeans. The uncertainty about the effects of tariffs could not only burden the German stock markets, but also force Carinthia to rethink their trade strategies.
geopolitical risks and their effects
In addition to the trade conflicts, geopolitical risks are another factor that influences trade relationships. A study by Khalil, East and Strobel, published by Bundesbank , shows that price-adjusted imports from countries with an increase in geopolitical risk, while removing, while Import prices rise. These trends strengthen the challenges for exporting companies in Carinthia.The analysis confirms that geopolitical risk shocks negatively influence the trade volume and thus further tighten the already tense economic situation in Carinthia. Companies that rely on foreign trade must increasingly adapt to an unstable global environment.
The current economic challenges require that companies in Carinthia not only develop locally, but also internationally rethinking and innovative solutions in order to be able to exist in global competition.
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| Ort | Kärnten, Österreich |
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