Tariffs "shock" Greek cheese Producers worried about exports after Trump's measures
A small cooperative of 1,200 farmers who produce feta, the soft white Greek cheese, on the southern Peloponnese peninsula had a big goal this year: to target the United States market.
In 2019, the country managed to exempt feta cheese from US tariffs imposed on European goods.
But President Donald Trump's move to impose a 10% tariff on the vast majority of goods imported into the United States has cast a shadow over their plans. The European Union, a close ally, was not spared, facing reciprocal duties of 20%.
Inside the 6,000-barrel dairy's cold room, where feta sits in brine for at least two months, the cooperative's general director, Konstantinos Latsis, said the tariffs add a cost to the product and it remains to be seen how much of that will go to the consumer.
The cooperative, one of the many producers of salty sheep's cheese, supplies the Greek market with around 5,000 tons of feta cheese each year from its factory in Kalavrita. Greece has been producing feta cheese, a protected EU trademark since 2022, for more than 6,000 years.
The country produced about 140,000 tons of feta cheese last year, worth 800 million euros. About 8% of exports went to the United States, where the volume doubled in four years.
Christos Apostolopoulos, head of the Greek dairy industry association, said feta cheese had been exempted from tariffs in the past, but may not be spared this time.
Now, Greek producers who export feta to the American market expect the tariffs to at least halve those exports. Despite the new US duties, Kalavritas' cooperative is still hopeful about expanding overseas.
"Doubling the budget for culture and art" - Berisha: Deep reform of the funding sources of this sector
During a press conference, the leader of the Democratic Party, Sali Berisha, presented the program of this political force for culture and art. According to......
Car tariffs affect 460 billion USD of imports/year - New duties of 25% expected to take effect from May 3
US President Donald Trump's 25% auto tariffs will cover more than $460 billion in imports of vehicles and their parts annually, according to a Reuters......
Biometric passport security: Albania joins the Public Key Directorate of the International Civil Aviation Organization
Montreal - Important step for Albania in securing travel documents, as the 99th country to join the Public Key Directory (PKD) of the International Civil......
"We have no choice but to integrate into the EU" - Rama: We will soon open other chapters
There is no middle ground other than integration into the European Union. In a high-level meeting, also with representatives of the European Union, Prime......
SAI recommendations partially implemented - Improving public finance management, 30% of measures not implemented
The recommendations that the Supreme State Audit Office leaves for institutions after violations found in the management of public finances have been fully......
Winter is "costing" Europe dearly - It needs over 10 billion euros extra to replenish gas deposits
Europe may need up to 250 additional cargoes of liquefied natural gas this year costing at least 10.3 billion euros to replenish gas storage facilities......
The Emergency Intervention Fund reaches 5.2 billion - In 2024, the contribution of banks to crisis rescue increased by 9.5%
The Emergency Intervention Fund, which is used to rescue banks in the event of bankruptcy or financial crises, reached 5.2 billion lek at the end of 2024.......
Effects of Trump tariffs on Albanian businesses - Preçi: Minimal impact, there will be reorientation in the market
The United States has imposed a 10 percent tariff on Albanian goods being exported. But how will these tariffs affect Albanian businesses and the domestic......
