Impact of Trump's Tariffs on Cyprus and the EU
April 7, 2025
Trump has imposed a 20% tariff on all EU countries, creating winners and losers based on each state's trade with the US. Cyprus and Greece would pay a tariff of 10% if assessed according to bilateral trade. Conversely, countries like Slovakia would face much higher rates. The European Union is planning targeted tariffs in retaliation against the US amid concerns of a potential trade war.