Impact of Trump's Tariffs on the Cypriot Economy
April 3, 2025
The tariffs imposed by Donald Trump are impacting the global economy, but the effects on Cyprus are manageable. The Director General of OEB noted that Cyprus will not face immediate consequences, but Europe's major economies will be affected. Cypriot exports to the US include 123 product types, with industries like dairy and fish farming being particularly impacted. A potential global recession would also hit Cyprus.