In an unexpected development that has sent ripples through the European Union and global trade circles, Liechtenstein-a tiny, landlocked principality known for its stable economy and close ties to neighboring countries-has been hit with a staggering 37% tariff on key imports. The move, announced this week, threatens to disrupt the country’s tightly-knit supply chains and raises questions about the broader implications for small economies in an increasingly protectionist world. CBS News takes a closer look at the origins of the tariff hike, the immediate fallout for Liechtenstein’s industries, and what this means for its future economic landscape.
Liechtenstein Faces Economic Strain as 37 Percent Tariffs Disrupt Trade
The imposition of 37 percent tariffs has sent shockwaves through Liechtenstein’s tightly woven economy, heavily reliant on international trade and niche manufacturing. Key industries such as precision instruments, optical devices, and specialty machinery now…
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Author : Isabella Rossi
Publish date : 2025-07-15 10:46:00
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