Alpha News

Trump Unsheathes Tariffs from Drawer, How Cyprus is Affected

Published January 19, 2026, 19:23

Donald Trump is threatening to impose new tariffs on European products, causing concern in Cyprus. This threat comes at a time when Europe is considering countermeasures, which could lead to a trade war with negative consequences for the global economy. Cyprus, as a member of the European Union, will have to comply with the decisions taken at the European level. The tariffs proposed by Trump could affect Cyprus's exports to the United States, as well as imports from countries that will be hit by the tariffs, such as Greece, Italy and China. China is one of Cyprus's most important suppliers, accounting for about 7% of the country's total imports. Economist Tasos Yasemidis points out that Cyprus will inevitably be hit by the American president's fire, as the country's imports from the countries threatened with tariffs are significant. The situation remains uncertain and Cyprus is closely monitoring developments, preparing plans to deal with the potential impact.