As of today, Saturday, April 19, 2025, here's the latest update on tariffs concerning Bosnia and Herzegovina (BiH):
United States Tariffs on Goods from Bosnia and Herzegovina:
The United States has imposed a 35% tariff on all goods imported from Bosnia and Herzegovina.
This tariff is part of the "reciprocal tariffs" announced by the Trump administration and went into effect on April 5, 2025.
However, on April 9, 2025, the U.S. implemented a 90-day pause on these reciprocal tariffs for most countries, including Bosnia and Herzegovina.
During this 90-day pause, which began on April 10, 2025, imports from Bosnia and Herzegovina are subject to the baseline reciprocal tariff rate of 10%.
This pause is scheduled to last until July 9, 2025.
Bosnia and Herzegovina's Trade Policy:
Bosnia and Herzegovina generally has a liberal foreign trade policy with few limitations.
The country is working towards membership in the World Trade Organization (WTO) and aligning its trade practices with EU standards due to its Stabilisation and Association Agreement (SAA) with the EU, which went into effect in 2015 and established a free trade zone.
BiH's import customs rates are generally low, with ad valorem rates of 0%, 5%, 10%, and 15%.
BiH is also part of the Central European Free Trade Agreement (CEFTA) and has a free trade agreement with Turkey, as well as preferential regimes with several other countries.
Impact of US Tariffs on Bosnia and Herzegovina:
While BiH's overall trade with the U.S. is limited, the newly imposed tariffs, even with the temporary pause, are expected to impact certain sectors, particularly the defense industry, which constitutes a significant portion of BiH's exports to the U.S.
Experts suggest that the tariffs could indirectly affect BiH companies supplying the EU due to potential cost increases and reduced demand.
In summary, while the U.S. is currently applying a 10% baseline tariff on goods from Bosnia and Herzegovina due to a 90-day pause, a 35% reciprocal tariff is scheduled to potentially return after July 9, 2025. Bosnia and Herzegovina generally has a liberal trade regime with low import tariffs.