Greek Exports Hit by New EU - US Trade Deal

A newly ratified trade agreement between the European Union and the United States, set to take effect on August 1, is poised to deal a significant blow to Greek exports. The deal introduces a 15% tariff on a wide range of European products, adding substantial costs for Greek goods entering the American market. This development threatens to erode the competitiveness of Greek exports, especially when compared to products from countries outside the EU, such as Turkey and Egypt, which benefit from lower or zero tariffs under more favorable trade arrangements.