By Prof Dr Maurizio Bragagni Esq OBE
Consul of the Republic of San Marino to the United Kingdom
The recent announcement by the United States to impose new tariffs on select imports from a range of nations has sparked concern across Europe and beyond. Amid this, one detail stood out: both the Republic of San Marino and the United Kingdom were assigned the lowest tariff rate—10%—while others faced significantly higher charges.
However, let’s not rush to celebrate. Tariffs, even the lightest ones, still weigh on trade.
For San Marino, this measure presents both a challenge and an unexpected opportunity. As a microstate deeply connected with the European Union through a customs union and cooperative frameworks, we maintain access to key European markets and infrastructure. This unique positioning may allow our exporters to adapt more swiftly and even gain a competitive edge in certain areas, especially compared to countries outside the EU framework.
For the United Kingdom, however, the situation is less forgiving. Post-Brexit, British exporters are already navigating a new and often more complex trade environment. The additional burden of U.S. tariffs on machinery, ceramics, and electrical equipment—industries vital to many regional economies—risks compounding pressures on already strained supply chains and reducing transatlantic competitiveness.
This divergence highlights the unintended consequences of one-size-fits-all measures in a complex global economy. It also underscores the importance of sustained diplomatic engagement, bilateral understanding, and smart trade diplomacy.
San Marino remains committed to the principles of free and fair trade. We believe in building bridges—not walls—between nations, especially in times of global uncertainty. We also value our deep and historic ties to the United States and the United Kingdom.
Let this moment serve not only as a call for pragmatic policy adjustments but as a renewed opportunity for collaboration. As small and large nations alike face shifting economic winds, we must ensure that diplomacy leads the way, keeping trade open and prosperity within reach for all.
