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

President Rumen Radev again calls for a referendum on the introduction of the euro

With 128 votes in favour, the governing majority in Parliament and three independent MPs rejected the president’s veto on the Law on Defence and the Armed Forces. The amendments expand the possibilities for declaring a state of emergency and..

published on 11/19/25 1:00 PM

Bulgaria cannot be used as an excuse for the lack of reforms, says Ambassador Radukov in Skopje

In Skopje, I am hearing more and more often concerns that relations with Bulgaria are being used as a convenient excuse for the lack of will or ability to undertake the necessary reforms. I do not want to believe this argument, said Bulgaria’s..

published on 11/19/25 11:52 AM

Report: TikTok's role in the country is growing, including in manipulating public opinion

The role of the social network TikTok in Bulgaria is growing, including its involvement in disseminating manipulative content. This is stated in a report presented at the European Parliament in Brussels, reported BTA. It was prepared by the..

published on 11/19/25 10:41 AM