Government Monitoring Potential Impacts of US Tariffs
April 5, 2025
Cyprus is not currently affected by the US trade war, but the Ministry of Finance is monitoring potential future impacts. There is concern about rising inflation and its negative effects on the Cypriot economy, especially in tourism and services. The government is looking into whether measures will need to be taken if the situation worsens. Discussions about tariffs will continue at the meeting of Finance Ministers in Poland next week.