Fruit harvesting in peach orchards of northern Greece has become uncertain and decreased following Donald Trump's 30% tariff announcement on European products in the current calendar year.
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According to Isna, peach farmers and factory owners are concerned that these tariffs will reduce demand for their products when they are ready to export their fresh produce abroad, and will give them little time to adapt or find alternative markets. Greece is the world's largest canned peach exporter, with about one-fifth going to the United States, its second-largest market after Europe. Peaches, like some other goods, are currently subject to a 17% import tax in the United States. New tariffs could increase total import tariffs to 47%. Greece's annual turnover from canned peach and other packaged peach exports reaches over 600 million euros, with around 120 million euros coming from the US market. Exports to the US constitute about four percent of Greece's total exports. Canned peaches and their derivatives, olives and olive oil are the top agricultural exports to the US, generating annual revenue of around half a billion euros. "Kostas Apostolou", president of the Greek Canners ...