U.S. Introducing 37 Percent Tariffs for Serbia, the Highest in the Region and Europe

Presevo-Tabanovce Joint Border Crossing (Beta / Government of Serbia / Slobodan Miljevic)

Serbia has also found itself on U.S. President Donald Trump's list of 180 countries and territories that are subject to a decision on "reciprocal tariffs" based on which a 37 percent tariff will apply to it, which is the highest in the region.

After Serbia comes Bosnia and Herzegovina with a 35 percent duty on imports from this country, Macedonia with 33 percent and Croatia, which, as an EU member, will pay 20 percent duties. 10 percent tariffs were imposed on Montenegro, Albania and Kosovo.

A higher rate will apply to only five countries - Laos (48 percent), Madagascar (47 percent), Vietnam (46 percent), Sri Lanka and Myanmar (44 percent each).