Vlad Kulminski: tariff cuts on US imports mean short-term losses, long-term gains
Chisinau's decision to eliminate customs duties on imports from the United States represents a "visionary step," according to Moldovan Ambassador to Washington, Vlad Kulminski. He asserts that the long-term benefits will significantly outweigh any lost budget revenues.
Because the tariff on Moldovan exports to the United States is currently 10%—down from a previous rate of 25%—this change is expected to increase Moldovan exports to the U.S. The diplomat stated that any budget losses incurred will be fully compensated by this increase in exports.
Ambassador Vlad Kulminski explained that the goal of this strategic decision is not only to boost trade volume but also to attract more American investments to the Moldovan market. He noted that the Moldovan-Ukrainian border stretches 1,200 kilometers, and with the ongoing reconstruction efforts in Ukraine, Moldova has the potential to become an attractive logistics hub.
"This step taken by the Parliament of the Republic of Moldova will effectively help to attract a greater volume of American investments", Kulminski said. He mentioned the Straseni-Gutinas power line, which will be built by an American company and financed with $130 million.
Kulminski believes that, regardless of which political party is in power, this decision was necessary and is pleased that it received bipartisan support, marking an important step recognized in Washington. He expressed hope that the tariff on Moldovan exports to the U.S. will remain at 10%.
"The Office of the United States Trade Representative is conducting investigations into a large number of countries, approximately 140 to 150. Following these trade analyses, tariffs may vary across countries, but they are likely to increase overall. However, the Republic of Moldova is not included in this group of countries and is not targeted by these measures," the ambassador noted.
Starting July 1, 2026, most goods imported from the United States will be exempt from customs duties, following a law passed by Parliament in its final reading on April 30. This initiative was supported by 59 deputies.
The authorities have maintained taxation only on products considered sensitive to the domestic market, such as beef, pork, poultry, milk, dairy products, sugar, and sugary items.
When presenting the initiative, MP Radu Marian, Chairman of the Committee on Economy, Budget, and Finance, explained that imports from the U.S. account for only 2% of the market, and the elimination of customs duties will not significantly impact the Moldovan fiscal system.
At the same time, this "reciprocity gesture" will provide the Republic of Moldova with a reason to negotiate other exemptions for local production, demonstrating a commitment to its partnership with the United States.
