New Publication by Branimir Jovanović: What Trump’s Trade War Means for the Balkans
Branimir Jovanović (GEO-POWER-EU Consortium member and economist at the Vienna Institute for International Economic Studies – WIIW) has published a new article that sheds light on how the Western Balkans are being caught in the crossfire of Trump’s trade war with the EU.
The article explains that while US tariffs on the Western Balkans are based on a questionable formula, their direct impact is limited. The real threat comes from reduced EU growth, which would hit the region’s exports, tourism, and investment. Jovanović describes the situation as a potential black swan—an unpredictable shock that current models can’t fully capture—and urges governments to respond by diversifying trade, boosting innovation, and strengthening economic resilience.
Read the full article on European Western Balkans.
*The article was first published by BiePAG on April 7, 2025.
*Featured image source: Kosovo Online (screenshot/illustration).