Breathtakingly monitors the financial staff and the business world of Greece the developments on the International Front of their dictatorialwhich are decided above all in Washington by Trump.
In two days from today (7.7.25) and specifically on July 9, 2025, the three -month suspension of duties announced by US President Donald Trump on April 2 is expired.
At first Trump had announced 20% against the EU, along with of course Greece. However, he then went down to 10% and started negotiations with the EU.
Thus, from April 9, 2025 until today, a 10% duty applies to all EU imports. According to the latest information, There are two basic lines inside the EU against the US:
- The first, which is based, in particular, Germany and Italy (from the new “twin” Merz -Meloni), is to exist immediately, that is, before the July 9th deadline, in relation to duties and to continue negotiating the other commercial issues.
- The second line, which is supported by France, but also countries such as Denmark, seems to have a tougher attitude, which could lead to an extension of US -EU negotiations (along with uncertainty).
At the same time, scenarios have come to light, according to which The US may impose higher duties (eg 20% on the threshold) on EU food and agricultural imports, leaving 10% of all other industrial products.
The impact on Greece
In this case, that is, Imposition of almost 20% on the imports of agricultural products by the EU will significantly affect Greek olive oil, feta and edible olive exports.
The 10% rate, as reported by Greek export circles to newsit.gr, can be absorbed by businessmen in Greece and the US (basically homogeneous), by reducing both their profits by 3-3.5% and increasing 3 -3.5% of their products in the US market, which is deemed consumer for the US.
However, the same can not be said, according to the same sources, for each increase in duties over 10%, if it moves to 15% – 20%.
The most important wound for Greece in this scenario is not about the immediate impact on Greek exports in the US (as they are a percentage of 4% – 5% on the total), but from the fact that The US market has been the fastest growing in recent years…
In addition, US consumers are not only confronted with the increases (due to uplifting tariffs) of Greek and wider European products, but also of other imported goods, whether they are finished or in between.
This means that they are confronted with a wide wave of reimbursement in a wide range of consumer and capital goods, which is expected to lead to a reduction in consumption overall.
Where will the “ball” of US duties around the world sit – and not just in Europe – will be judged by the course of other critical sizes on the course of the Greek economy.