A small country of Liechtenstein shocked 37 % of the customs tariff

Liechtenstein’s country was placed in a valley between the Swiss Alps and Austrian. It is very small that you can fit four times with New York City and still have space to spare it.

But in trade, it punches his weight.

This paradise in the Alps is home to several world -class makers Excellent productsAnd this made it a target for President Trump’s tariff.

Among the country’s exports are energy, cables, connectors, high -quality fillings and wrong teeth. Everything will now be a 37 % tariff on the American border – which is close to the weak tariff that will be applied to European Leftstein neighbors.

The country is punishing, mainly, the country is punished for making the things the Americans want to buy, but its ability to defend itself is limited.

“Liechtenstein is very small and has no effect in the world, so how do you really deal with the Trump administration?” He said.

LieChchensteins does not understand the reason – just because they do not buy many things from the United States as they sell them – they have stumbled.

Peter Lucosa, a former banker, called 37 % definitions, Mr. Trump, which he imposed on Liechtenstein, “irrational”.

“I laugh because Liechtenstein is 40,000 people!” He said.

Elizabeth Chaper is also confusing. She said, “You should laugh because otherwise you will be crying.”

Liechtenstein is an organized and peaceful place. It does not even have an army.

What she has is a stable and safe business environment, which contradicts Mr. Trump’s approach to global trade.

Patrick Sharedler, Virland Editor, Levitchetein Daily Paper, says the customs tariff reaches a greater crisis for his country than the Covid-19 pandemic.

“Because you don’t know what will happen next,” he said. “Wake up in the morning and you have to check the news and find out what Mr. Trump decided the night before.”

“With the epidemic, at least you have a fixed problem and we can develop a solution. With Mr. Trump, we don’t know.”

Elizabeth Palmer

Elizabeth Palmer is CBS News’ Onviory Compans. It is based in the CBS News London office, and reports on major events throughout Europe and the Middle East. Palmer was previously based in Tokyo, and before that in Moscow, for CBS News.