While Albania is not a major exporter to the U.S., former President Donald Trump’s proposed tariff increases on European Union (EU) goods could have indirect economic consequences for the country.
Potential Economic Consequences
- Export Disruptions: Albania’s trade is 56.9% dependent on foreign markets, particularly the EU. Higher tariffs on Italy, Germany, Spain, and Greece—Albania’s key trading partners—could disrupt supply chains and increase export costs.
- Foreign Investment Risks: Companies from Italy, Germany, Austria, and the Netherlands might reconsider or reduce investments in Albania due to shifting economic conditions.
- Rising Prices: Increased tariffs could lead to higher consumer prices and reduced trade activity, slowing economic growth.
A Path Forward for Albania
Experts suggest Albania could mitigate risks by:
✅ Expanding trade partnerships beyond the EU.
✅ Boosting domestic production to reduce import dependence.
✅ Exploring new investment opportunities to attract foreign capital.
While American entrepreneur Mark Crawford supports Trump’s tariff policies, he advises Albania to prepare for rising costs from European markets.
With strategic planning, Albania could turn this challenge into an opportunity for economic diversification and stronger global competitiveness.
