EAGLERISE(CHINA)(SZ:002922) Xin Hua She·2025-06-09 05:25Core Viewpoint - The article highlights the escalation of U.S. protectionism through the increase of tariffs on imported steel and aluminum products from 25% to 50%, which poses significant risks to global trade stability [1] Impact on Bosnia and Herzegovina - The U.S. tariffs have a direct and severe impact on Bosnia and Herzegovina's defense industry, which constitutes over 60% of its exports to the U.S. The tariffs on this sector have risen from 12% to 35% [1] - Other sectors, including metals, are also affected by the increased tariffs, indicating a broader economic impact beyond just defense [1] Regional Trade Dynamics - Bosnia and Herzegovina, while not an EU member, has strong economic ties with the EU, particularly in the automotive manufacturing sector. The long-term effects of U.S. tariffs on Bosnian enterprises are significant and cannot be overlooked [1] Response to Tariff Challenges - The economist suggests that Western Balkan countries should collaborate and enhance communication to effectively respond to external shocks caused by U.S. tariffs [1] - The EU's response to U.S. tariffs is viewed as insufficient, lacking internal consensus, which hampers its ability to counteract U.S. economic pressure effectively [1] Long-term Economic Consequences - The article argues that unless the U.S. halts its aggressive tariff policies, true trade fairness will remain elusive. The U.S. approach is seen as treating trade partners as subordinates rather than equal collaborators, undermining international trust and cooperation [1] - The long-term outlook suggests that the U.S. economy may bear the greatest losses from its own protectionist measures [1] Call for a Fair Trade System - There is a call for major economies to work towards establishing a fairer and clearer global trade system, which would allow smaller economies like Bosnia and Herzegovina to thrive in a more balanced international trade environment [1]