International expert Suren Sargsyan, addressing the decision to set another 10% customs duties for Armenia,It writes:.
"Trump also set 10% customs duties on Armenia
Armenia did not have a Trump's trade war. Almost all states are included in the list of new customs duties. However, there are some exceptions, such as Russia. Trump said the 10% universal customs duties on all imports will enter into force on April 5.
Trump has set conversion customs duties (reciprocal tariffs), ie the mechanism, through which the United States sets about customs duties on countries that limit their market for American goods.
Of course, this means raising the prices of Armenian goods in the US market, which will affect their competitiveness. Some key areas may suffer due to the decline in demand, in particular, exports of aluminum, stones, precious metals, agricultural products and alcohol.
Armenian-American trade turnover in 2024
In 2024, the total trade trade between Armenia and the United States was estimated at $ 282.4 million.
• US commodity exports to Armenia - 160.8 million dollars, which is 14.8% (by $ 27.9 million) less than 2023.
• US commodity import from Armenia - $ 121.6 million, 8.4% (for $ 11.1 million) decreased compared to 2023.
• The US commercial trade surplus with Armenia - $ 39.2 million, which is 29.9% ($ 16.7 million) compared to 2023. "
