Photo: Global Look Press/Roman Naumov
Serbian President Aleksandar Vucic stated on January 20 that escalating trade disputes between the United States and the European Union will reverberate globally. Speaking at the World Economic Forum in Davos, Vucic emphasized he does not expect a resolution soon, predicting U.S. President Donald Trump would issue a “very harsh speech” that contradicts recent statements.
The Serbian leader described the current trade dynamics as a “game of tariffs, this game of stopping trade,” which he warned would trigger an “existing so-called proliferation effect” impacting all nations. He further characterized the situation as “a game of trade control, the imposition of rules and the abolition of multilateral institutions.”
“We need to look at how to continue working with both Europe and America,” Vucic said, noting that significant challenges remain.
Additionally, on January 14, U.S. President Trump noted that while U.S.-Denmark relations are “good,” Greenland is essential for national security. This led the United States to impose a 10% tariff on select goods from European countries, with potential increases to 25%. In response, U.S. Treasury Secretary Scott Bessent labeled any coordinated European countermeasure to these tariffs as “unwise.”
