US tariffs on 7.5 billion US dollars’ worth of EU goods, imposed by President Donald Trump last week, will only affect 0.12 percent of Lithuanian exports to America.
© DELFI / Karolina Pansevič

According to the Foreign Ministry, the 25 percent tariff will apply to some cheeses and a part of pork products, but most cheeses will not be subject to the additional duty.

"The majority of Lithuanian cheese products exported to the US is not on the US list of Lithuanian goods subject to tariffs," the ministry told BNS.

"The additional 25 percent customs tariffs will apply to 1.8 million US dollars’ worth of Lithuanian exports – some cheeses and some pork products. In total, about 0.12 percent of Lithuania's exports to the US will be affected," it said.

The ministry gives no details as to which companies will be affected by the new tariffs.

According to figures from Enterprise Lithuania, the government's export promotion agency, Lithuania's dairy exports to the US totaled 9 million euros last year.

The tariffs took effect last Friday after last-minute talks between European officials and US trade representatives ended without agreement.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Ignitis Group plans to delist its subsidiaries from Nasdaq Vilnius

Lithuania's state-owned energy group Ignitis Grupe (former Lietuvos Energija ) is planning to...

Norwegians press exporters to cut prices amid weakening krone

The weakening of Norway 's krone against the euro has not yet hit Lithuanian exports to the...

Lithuanian Post's board refuse to stay on after ministry orders halt to sale of buildings

Independent members of the management board of Lietuvos Pastas ( Lithuanian Post ) have refused to...

Lithuanian gears up for reconstruction of Via Baltica's section until Polish border

Lithuania's Road Administration is getting ready for the 300 million euro worth reconstruction of...

SAI Global to open Centre of Excellence in Vilnius

A multinational leading provider of integrated risk management solutions, assurance and property...