FnB Daily: American duties scare Greek producers

The announcement by President Trump to enforce duties concerns Mexico, however the Greeks producers do not stay with their hands tied.

The imposition of 20% duty on Mexican exports of fruits and vegetables to the United States threatens to turn Mexican producers and exporters in other markets.

If their goal is channeling part of fruit and vegetable production in the European Union, this creates oversupply conditions on the European market, with a subsequent price collapse. This scares the Greek producers, who have already begun to look for workarounds of any side effects occur.

Source: FnB Daily