WARSAW, July 29 (Xinhua) -- Polish Prime Minister Donald Tusk warned on Tuesday that Poland could lose around 8 billion zloty (2.15 billion U.S. dollars) as a result of new U.S. tariffs on European goods.
Posting on social media platform X, Tusk said the losses "will be felt on both sides of the Atlantic." While the final tariffs are lower than those proposed by U.S. President Donald Trump in April, Tusk added there is "little to celebrate."
Under the new agreement between the European Union (EU) and the United States, a 15 percent tariff will apply to most European exports to the United States. In return, the EU has committed to increased purchases of American energy and military equipment.
Professor Jacek Tomkiewicz of Kozminski University said the impact on Poland will be most significant for medium-sized businesses supplying parts to German industries, particularly in the automotive sector. Although only around 3 percent of Polish exports go directly to the United States, Poland's economy is closely linked to Germany, a major U.S. exporter.
Economist Krzysztof Mroczkowski noted that the 15 percent tariff benefits the United States, a consumption-driven economy. He warned that vague commitments -- especially concerning energy purchases and investment -- could allow Washington to pressure the EU for further concessions later.
Mroczkowski argued that the EU had little leverage, given the U.S.'s dominant role in energy and defense. He added that the bloc might have secured better terms had it acted more decisively earlier in Trump's presidency, before he had scored any major policy victories.
Although the overall impact on Poland's economy may be limited at the macro level, Mroczkowski stressed that the deal presents real challenges for European industries and highlights the EU's dependence on U.S. energy, defense, and financial systems. (1 Polish zloty = 0.27 U.S. dollar) Enditem
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