Trump’s Potential EU Tariffs Raise Concerns for Greek Economy and Tourism

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The Greek government is closely monitoring the potential impact of tariffs that Donald Trump’s administration may impose on the European Union, as concerns grow over their broader economic consequences.

While direct effects on Greece’s exports to the U.S. are expected to be limited, officials are more worried about secondary impacts, particularly on tourism and trade.

Greek exports to the U.S. currently amount to just over €2 billion, representing slightly more than 1% of the country’s GDP. Government officials believe this exposure is relatively small compared to larger EU economies like Germany, Italy, and Ireland, which have significant trade surpluses with the U.S. These countries stand to be hit hardest by a potential trade war, which could in turn reduce European consumer spending—potentially affecting Greece’s vital tourism industry.

Additionally, the already announced U.S. tariffs on China could force Chinese exporters to seek alternative markets, increasing competition for Greek industrial goods. In response, Greek officials emphasise the need for continued investment, productivity improvements, and a stronger focus on technological exports and energy markets.

The government remains aligned with the EU’s trade policy and is prepared to support any collective European response if tariffs are imposed. A high-level meeting is expected in the coming days to assess potential risks and mitigation strategies.

(Source: To Vima)

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