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</html><thumbnail_url>https://europeanwesternbalkans.com/wp-content/uploads/2024/11/Donald_Trump_53911563873-min-scaled.jpg</thumbnail_url><thumbnail_width>2560</thumbnail_width><thumbnail_height>1707</thumbnail_height><description>Originally published on BiEPAG blog&#xA0; Trump&#x2019;s tariffs will hit the Western Balkans indirectly, through reduced exports to the EU. Existing models suggest the fallout will be relatively mild, with GDP growth slowing by 0.4 to 0.9 percentage points. However, the current situation looks like a black swan &#x2013; an unpredictable shock for which standard models [&hellip;]</description></oembed>
