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U.S. tariffs to slow Czech GDP by 0.2 p.p. in 2025, 0.4 p.p. in 2026 - ministry

ReutersJul 29, 2025 8:33 AM

- U.S. tariffs will slow Czech economic growth by 0.2 percentage points for the remainder of the year and by 0.39 percentage points in 2026, the Czech finance ministry said on Tuesday, referring to preliminary estimates.

The negative effect of the tariffs may be offset by other factors, such as the improvement in the Czech economy this year or the expected positive impacts of the German fiscal package in 2026, it said in a statement.

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