April 3, 2025

US tariffs could slow Czech economic growth, says finance minister

Investing.com -- The Czech Republic’s economic growth could experience a slowdown due to the ongoing trade war initiated by the U.S. tariffs on imports, according to the country’s Finance Minister Zdenek Stanjura. The minister shared his views on the matter on Thursday, suggesting that the economic growth of the Czech Republic could be cut by 0.6 to 0.7 percentage point this year as a result of the trade conflict.

Stanjura expressed his concerns on social network X, stating that the actions of U.S. President Donald Trump in initiating the trade war are a "game with a negative sum." He further explained that the estimates from the Finance Ministry’s experts indicate that the Czech gross domestic product (GDP) growth may slow down by 0.6-0.7 percentage point this year due to the impact of the trade war.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

OK