Text size

The 15% tariffs will reduce Bulgarian exports to the US by 1/3 and national GDP by 0.35%

published on 8/8/25 10:38 AM

Photo: BTA

The expected decline in Bulgarian exports to the US due to the new tariffs is about 32.8%. This is 1.5 percent of the country's total exports, says Deputy Minister of Economy and Industry Doncho Barbalov. The decline in Bulgarian GDP in 2025 due to the sanction will be 0.35%.

When calculated based on Bulgarian exports to the US in 2024, it can be seen that the real average tariff for Bulgarian goods is 12.51%, Barbalov said. The exports of medical, surgical, dental instruments and devices, as well as sunflower seeds, will be affected the most by the new tariffs, Barbalov announced, quoted by BTA.

Deputy Minister Barbalov reminded that the EU is the only trading partner of the US with a two-phase definition of tariffs. This means that if the tariff was between 0 and 15 percent, it becomes 15%. If it was above 15 percent, the rate remains at the same level.

Edited by Ivo Ivanov
English publication: R. Petkova

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News tariffs US tariffs US tariffs EU goods

More from category

Former caretaker minister heads Bulgarian embassy in Bern

Svetlan Stoev is the new ambassador extraordinary and plenipotentiary of Bulgaria to Switzerland. The presidential decree was published on November 18 in the State Gazette. Stoev is a career diplomat. He started working at the..

published on 11/18/25 9:02 AM

Strong wind disrupted flights to and from Sofia Airport

Strong southerly wind on Monday evening led to the diversion of six flights and the cancellation of five others at Sofia Airport. Flights from Malta, Frankfurt, Vienna and Munich landed in Skopje, and from Bergamo and Warsaw - in Varna. Flights to..

published on 11/18/25 8:45 AM

Bulgaria joins European digital sovereignty summit

Bulgaria is taking part in a high-level European summit on digital sovereignty in Berlin on 18 November , co-hosted by France and Germany. On 13 November 2025, the country's Council of Ministers approved Bulgaria's formal joining of the Declaration..

published on 11/18/25 7:35 AM