In this article we look at the Greek dynamics of several underlyings used in structured products following the “Liberation Day” tariffs announcement earlier this year.

US President Trump's trade policies included retaliatory tariffs of up to 50% on 57 nations and a universal 10% import tariff. To examine the consequences of the announcement on 2 April 2025, this article focuses on calculated Greek exposures from 15 March to 30 April 2025. Significant stock market disruptions were caused by the announcement and volatility in currency markets also increased, as the US dollar gained value relative to emerging market currencies. Due to supply chain issues, techn