Marian Năstase, ALRO: “US tariffs affect us mainly because we will be invaded by goods from Asia”

“The increase in tariffs imposed by the United States of America affects us mainly because we will be invaded by goods from Asia, which will suffocate the European market, no longer being able to go to the US,” said Marian Năstase, the chairman of the Board of Directors of ALRO, at Energy Forum organized by Financial Intelligence.

‘Tariff wars are a bad thing, they affect us. They affect us, most of all, not necessarily because we cannot sell more on the American market, but because we will be invaded by goods from Asia, mainly Indonesia and China, which will come and suffocate the European market, no longer being able to go to the United States,” explained Năstase, Agerpres reads.

He added that, for Alro, the new tariff policy imposed by the Trump Administration may also represent an opportunity to increase sales on the United States market, since it has canceled quotas.

“Alro had 500 tons per year with zero export taxes to the United States. One of our European competitors had 10,000 tons of exports per year with zero taxes. So this benefits us from a certain perspective. But goods will come from the East at dumping prices,” said Marian Năstase.