Trump's tariffs take effect. Moldovan producers seek government support: "It's a major setback"
The latest round of tariffs imposed by the United States took effect today, April 9, escalating the trade war and causing a decline in market stability. Both the European Union and China are preparing to respond; China is particularly affected, with tariffs on its exports reaching as high as 104%. The Republic of Moldova is also impacted, facing a 31% tariff on its products, which directly affects local exporters. Mircea Manole, the executive director of the Association of Food Processors, informs that local producers are actively seeking alternatives in the EU market. However, to remain competitive, they urgently require support from the Government.