The beginning of August marks the latest deadline for US president Donald Trump’s “liberation day” tariff policy. This era of chaos and uncertainty began on April 2 and the situation remaims fluid. With the deadline for partners to secure a deal with Washington now passed, it’s a good time to take a broader view and consider if Trump’s trade gamble is paying off.
The government is hoping that a mixture of summer holidays and discussion about the relief measures it is due to announce in a few weeks will dampen down the furore over this week’s controversial developments in Parliament.
Economists say the way the Trump administration is imposing tariffs is backfiring for some of the businesses they are meant to help.
Greece’s manufacturing PMI dropped significantly in July to 51.7 points, from 53.1 points in the previous month, S&P Global data showed on Friday.
National Bank of Greece (NBG) reported a profit after tax of 701 million euros in H1, compared to a profit of 708 million euros in H1 2024, a drop of 1 percent year-on-year (YoY).
Eurobank posted a net profit of 691 million euros in H1 2025, from 721 million euros a year earlier, down by 4.3 percent year-on-year (YoY).
The trade deal between the US and the European Union, squeezed in days before the re-introduction of Donald Trump’s “liberation day” tariffs, is reflective of the new politics of global trade. Faced with the threat of 30% baseline tariffs from Washington, as well as additional levies on specific sectors, the EU has secured a partial reprieve of a flat 15% tariff on all goods.
The agreement comes after other American allies, like Japan, clinched their own deals, partly to moderate President Trump’s tariff threats.
Recently, Delta Air Lines announced it would expand its use of artificial intelligence to set airfare prices. This move sparked concern among flyers and politicians. But Delta isn’t the only business interested in using AI this way.
Only about 1 in 10 U.S. workers belong to unions today. champc/iStock via Getty Images PlusDespite the strength of the U.S.
