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Wednesday
29
Jul 2026
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Athens 32°C

> President Donald Trump

> President Donald Trump

The mistake in the “Trump equation” that led to four times higher tariffs

The Trump administration used a wrong formula for imposing tariffs, overestimating the actual impact by four times - Why economists question the correctness of these calculations

Markets collapse in Asia – “Sometimes you have to take your medicine” says Trump

Hong Kong down over 11%, Japan and China in deep red - Tariffs will persist no matter what markets do, top Trump economic officials say

Trump’s tariffs: The biggest blow to the US economy – Recession and rising unemployment coming

Dive in all the world's markets, but the US is the most affected - Trump expects separate negotiations with each stakeholder and asks for patience from the Americans

USA: Additional 10% tariffs on imports from almost all over the world effective today

The bill will be even bigger from 9 April for countries that export more products to the US than they import from it - tariffs on imports from China will reach 54%, from the EU 20%, for Vietnam 46% and for Japan 24%

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