Issue link: https://maltatoday.uberflip.com/i/1533084
8 maltatoday | SUNDAY • 9 MARCH 2025 NEWS NICOLE MEILAK nmeilak@mediatoday.com.mt Expression of Interest For more info visit micas.art/get-involved or contact procurement@micas.art micas.art Closing at noon on Friday 14 th March 2025 Photographers MICAS/EOI/003/2025 Trump is waging a trade war – what NO country is too small to feel the effects of Donald Trump's presidency. Malta, along with its EU counterparts, is certainly feeling the heat on security and defence matters after Trump paused humanitarian aid and in- telligence-sharing with Ukraine. In response, 26 EU member states – excluding Hungary – agreed to continue supporting Ukraine, while all 27 agreed to boost de- fence spending, leaving Brussels with a collective commitment to increase military funding. But while EU leaders scramble to find a solution to the war in Ukraine, especially as tensions with America rise, another Amer- ican threat looms on the horizon. Last month, Trump made it clear that he plans to impose tar- iffs of 25% on goods made in the European Union. He said the bloc was formed "to screw the Unit- ed States […] and they've done a good job of it". EU chief Ursula von der Leyen said that US tariffs will not go un- answered. Spanish Prime Minister Pedro Sanchez stated that the bloc will defend its interests. Europe- an Parliament President Roberta Metsola also weighed in, saying the EU will react firmly and im- mediately to any tariffs. Trump has already imposed tar- iffs on imports from Mexico and Canada and recently doubled the levy placed on Chinese goods. However, the tariffs on Mexican and Canadian goods covered by the North American trade agree- ment are already being put on hold until 2 April. Still, the tariff increases and uncertainty around Trump's decisions mean the EU could very well be the next player in the American trade war. JP Fabri, an economist, told Mal- taToday that a 25% tariff on EU- made goods would have direct and indirect consequences on the Maltese economy. Malta does not export large volumes of goods to the US, but industries like phar- Tariffs on Mexican and Canadian goods, increased levies on Chinese products, and threats of a 25% tariff on EU-made goods. How could Malta be impacted by Trump's trade war?