Those who think August is a 'no-news' month couldn’t be more wrong

The extension delays triple-digit tariffs on goods between the world’s two largest economies, easing market tensions and giving more time for trade talks before the holiday season

On average, US households are expected to spend an additional $2,400 in 2025 due to rising prices on essential goods. The steepest increases are expected in clothing, footwear, and household electronics

Last month, Trump posted on Truth Social that India could face new sanctions over its continued purchases of Russian oil.

Trump’s EPA rollback ends federal authority over greenhouse gas limits, but US automakers fear legal chaos, investment losses, and fractured regulations.

South Korea secures 15% tariffs on key exports to the US in exchange for $350B in investments and energy purchases under a new trade deal with Washington

Tariffs will halt the upward trend of European and Greek exports to the U.S. in recent years

The new tariffs deal a major blow to New Delhi’s hopes for preferential treatment compared to its regional peers.

Greece views the 15% tariff agreement between the US and EU as manageable, easing fears of a broader trade conflict while closely monitoring key export sectors like olive oil and minerals

The U.S. will maintain its 50% tariffs on European steel and aluminum.

“The European Union is going to agree to purchase 750 billion dollars in energy products from the United States,” Trump said.

EU talks on counter-measures targeting U.S. services, tenders, and investments are intensifying as the August 1 deadline approaches.

The stakes are particularly high for Greek agricultural exports. For example, peaches are already subject to a 17% duty. If the new 30% tariff is added, the total duty would reach 47%, making the US market virtually inaccessible for this product category

The bank estimates that the effective tariff rate on Greek exports to the US would rise to roughly 20 – 23 percent

While Trump’s 30% tariff announcement introduces significant uncertainty, markets have so far responded with restraint. European and Greek investors appear hopeful that diplomacy will prevail, preventing a full-blown trade conflict

As tensions with the US persist, the EU appears to be preparing for all scenarios—while maintaining a clear preference for diplomacy

In 2024, the U.S. recorded a trade deficit of $236 billion with the EU—a 13% increase from the previous year