President Donald Trump’s car tariffs will take a heavy toll on Slovakia, whose $140 billion auto-dependent economy makes it among the most vulnerable European Union member states to the US trade war.

The Slovak economy preserved both its y-o-y and its quarter-on-quarter growth at the end of 2024, said the Statistics Office, adding that the pace of growth was higher than in the previous quarter.

An escalating global trade war could wipe out nearly all of Slovakia’s expected economic growth next year and lead to the loss of 20,000 jobs, the country’scentral bank has warned. New import tariffs ...