U.S. Tariffs and the Greek Economy
Will the U.S. tariffs impact the Greek olive oil business? Will market volatility drag Greece toward more financial instability?
In the first 100 days of his presidency, U.S. President Donald Trump threatened, implemented, and then paused sweeping tariffs on imports into the United States. Greece was subject to the tariffs levied against the European Union. Exporters worried about the olives, feta cheese, and wine that are sold to U.S. supermarkets. But Greece was perhaps more concerned about the upset in global trade, as a country so involved in global shipping and as an economy so heavily dependent on international tourism.
We spoke to Petros Konstantinidis, financial reporter at the Greek newspaper Ta Nea, to try to pull apart exactly how these tariffs—and the global market uncertainty—will impact the Greek economy.