Decline of trade value with the US

On 9 April, the US announced a 90-day pause on all universal tariffs impacting the EU, and the EU swiftly responded by announcing a pause on its intended countermeasures. Ursula von der Leyen said on Thursday, that the European Union is prepared for all eventualities in its trade negotiations with the US, including for a breakdown in talks after discussing the latest proposals from the Trump White House with the blocs leaders. As July 9 (the end of the pause) is approaching we look at the trade between the region and the US. In the first quarter the US imports from CEE8 declined and are below the trendline. The data for April suggest further drop. In Croatia or Slovakia the year-on-year drop was quite substantial. Slovakia currently faces very high effective tariffs rate mostly due to 25% tariffs on automotive sector.