The U.S. president plans sweeping tariffs on imported generic medicines in a bid to bring pharmaceutical manufacturing back to America, a move that could reshape global supply chains, increase production costs and trigger fresh uncertainty across the healthcare industry.
Brussels freezes implementation of the Turnberry agreement, reigniting transatlantic tensions and raising fears of a major economic confrontation between Washington and Europe.
Πρωτοφανής κλιμάκωση στην αμερικανική εμπορική πολιτική μετά την απόφαση του Ανωτάτου Δικαστηρίου – Ο Λευκός Οίκος απαντά με νέο κανονισμό και νομικές «εναλλακτικές»
Greek Prime Minister Kyriakos Mitsotakis concluded his final weekly address before the August break by laying out a sweeping summary of government actions across trade, labor, infrastructure, and defense.
The new U.S.–EU trade agreement, which introduces a 15% tariff on European exports to the U.S., averts a full-blown trade war but leaves key issues unresolved. While the deal brings an end to a period of uncertainty, Athens does not view it as the conclusion of negotiations.
Greek Food Companies Brace for Impact as Trump Slaps 30% Tariff on EU Exports
Workers near Naoussa carefully fill crates with ripe peaches destined for U.S. brands like Dole, but new levies could push total import duties to 47%, crippling Greece’s competitive edge. As the world’s largest exporter of tinned peaches, Greece sends 20% of its output to the U.S., its second-largest market.
UBS identifies Greece as one of the three European countries most exposed to the new tariff regime, based on the share of its exports to the US affected. These exports span sectors where Greece excels, including chemicals, pharmaceuticals, agricultural products, and processed industrial goods. Notably, the proposed tariffs offer no exemptions or tiered rates.
Speaking at a government economic policy meeting, Mitsotakis specifically highlighted products such as olive oil, table olives, and feta cheese, saying that “these products are not produced in the US, and therefore, it makes no sense to impose tariffs on them.”
