Liechtenstein’s small country shocked 37% of tariffs

Liechtenstein’s country is glued from a valley between Swiss and Austrian Alps. Four times New York is as small as you can match four times and still have a place to spare.

But it fists over the weight of the trade.

This Alpine Paradise is the house of several world-class manufacturers Premium ProductsAnd that’s the target for this Tariffs of President Trump.

Among the country’s exports are power tools, cables, connectors and high quality filling and fake teeth. Now everything will be a tariff applied on the US border – this will almost double the tariff to apply to the European neighbors of Liechtenstein.

Dr. Gerald Hosp, an economist with Zukunft thinking tank, in fact, the country is punished for the fact that Americans want to buy, but the ability to defend itself is limited.

“Liechtenstein is so small and does not affect the world, so how can you really treat Trump leadership?” Said.

Liechtensteiners don’t understand why – because they just did not get much like they sell from the United States – they stuck.

Peter Laukusa, a former banker, 37% tariffs called Mr. Trump, applied to “Irrasion” Liechtenstein.

“Liechtenstein laughs because of 40,000 people!” Said.

Elizabeth Schaepper is also confused. He said, “Otherwise, you will only cry.”

Liechtenstein is a regular and peaceful place. There is no even an army.

This is a stable and reliable business environment, which is related to Mr. Trump’s approach to world trade.

Haterland, the editor of the daily paper of Liechtenstein, Patrick Schadler, tariffs, said there is a greater crisis than the Covid-19 pandemic.

“Because you don’t know what the next is coming.” “You wake up in the morning and check the news and see what Mr. Trump has decided on a night.”

“With the pandemic, at least you had a fixed problem and we could develop a solution. We just don’t know with Mr. Trump.”

Elizabeth Palmer

Elizabeth Palmer is a high foreign reporter of CBS news. CBS News is based on the London office and informs major measures in Europe and the Middle East. Palmer for earlier Tokyo and before Moscow, for CBS news.