# Cyprus: Tariffs, Trade & U.S. Exposure

Cyprus: America imported $79M in goods from Cyprus in 2025 (+35.2% in one year) and sold it $202M; the latest U.S. tariff action toward it (2026-04-06) is "EU treatment preserved in expanded metals tariffs", in effect; it ships 1 essential good finished to American shelves (as of 2026-11-04).

- Canonical: https://policyrisk.com/countries/cy
- As of: 2026-11-04
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Country code: CY
- Region: Europe
- Capital: Nicosia (Lefkosia/Lefkosa)
- Government: Republic of Cyprus - presidential republic; self-declared "Turkish Republic of Northern Cyprus" (TRNC) - parliamentary republic with enhanced presidency
- Population: 1M
- GDP: $36.3B
- U.S. imports from Cyprus, 2025: $79M
- Change in imports in one year: +35.2%
- U.S. imports 2026 through August: $47M
- U.S. exports to Cyprus, 2025: $202M
- Trade data source: U.S. Census Bureau, International Trade in Goods (customs basis)
- Tariff treatment: as an EU member, the EU bloc posture
- Reciprocal tariff assigned under EO 14257 (terminated 2026-02-24): 20%
- Section 232 sectors: Autos, Wood
- Section 301: no
- Tariff status verified: 2026-04-06
- HTS revision: Revision 9
- Latest tariff action: 2026-04-06: EU treatment preserved in expanded metals tariffs (in effect)
- Essential goods shipped finished to the U.S.: 1
- Coverage: full

## What you buy that Cyprus makes: U.S. imports, 2025

| Category | What it is | Value | Share |
| --- | --- | --- | --- |
| Electric apparatus |   | $32M | 39.9% |
| Dairy products and eggs | dairy and eggs | $14M | 17.3% |
| U.s. goods returned, and reimports |   | $13M | 15.9% |
| Bakery products |   | $2M | 2.9% |
| Nonagricultural foods, etc. |   | $2M | 2.5% |
| Telecommunications equipment | phones, routers, networking gear | $2M | 2.2% |
| Other foods |   | $1M | 1.7% |
| Tobacco, waxes, etc. |   | $1M | 1.6% |
| Semiconductors | semiconductors and chips | $1M | 1.4% |
| Agricultural machinery, equipment |   | $1M | 1.3% |

2026 so far (through August): $47M in imports. Source: U.S. Census Bureau, International Trade in Goods (customs basis).

## What America sells to Cyprus: U.S. exports, 2025

| Category | What it is | Value | Share |
| --- | --- | --- | --- |
| Civilian aircraft, engines, equipment, and parts |   | $59M | 29.1% |
| Coal and fuels, other |   | $21M | 10.5% |
| Petroleum products, other |   | $20M | 10% |
| Minimum value shipments |   | $7M | 3.7% |
| Nuts |   | $6M | 2.7% |
| Industrial machines, other |   | $5M | 2.6% |
| Artwork, antiques, stamps, etc. |   | $5M | 2.4% |
| Passenger cars, new and used | new and used cars | $5M | 2.4% |
| Laboratory testing instruments |   | $5M | 2.3% |

## U.S. tariff posture toward Cyprus

Since February 24, 2026 most EU goods face the universal 10% Section 122 temporary import surcharge, which replaced the framework's 15% all-inclusive IEEPA structure when EO 14389 terminated the reciprocal tariffs. The framework's Section 232 terms persist: EU autos at 15%, and the April 2026 metals expansion expressly preserved the EU's trade-agreement-partner treatment (steel and aluminum otherwise at 50%).

The United States negotiates tariffs with the European Union as a single market; every measure here applies to Cyprus as an EU member.

- Reciprocal tariff assigned under EO 14257: 20%, no longer in force. The Supreme Court struck down the IEEPA tariffs and they were terminated February 24, 2026 (EO 14389), replaced by a universal 10% Section 122 surcharge; see the timeline for the current effective rate.
- Section 232 sectors: Autos, Wood. Steel, aluminum, autos and similar national-security tariffs that name this country.

## Tariff status, 11 changes since 2025

- 2026-04-06: EU treatment preserved in expanded metals tariffs (in effect). The April 2026 proclamation expanding Section 232 coverage of aluminum, steel, and copper derivatives expressly does not alter or supersede the prior U.S.–EU agreement implementation, and lists the EU among 'Trade Agreement Partners' eligible for its exclusion process. [91 FR 18201](https://policyrisk.com/federal-register/2026-06960)
- 2026-02-24: IEEPA reciprocal tariffs terminated — replaced by 10% Section 122 (in effect, 10%). Executive Order 14389 (Ending Certain Tariff Actions) terminated the IEEPA tariff duties — including those under EO 14257, the basis of the EU's 15% all-inclusive structure — effective February 24, 2026. A flat 10% Section 122 temporary import surcharge (Proclamation 11012 of February 20, 2026) replaced them. The framework's Section 232 terms (the 15% EU autos cap, metals carve-outs) rest on separate authority and were expressly unaffected. [91 FR 9437](https://policyrisk.com/federal-register/2026-03832)
- 2025-09-25: Framework implemented: preferential treatment for certain EU goods (in effect). Acting under the September 8, 2025 procedures order, Commerce and USTR modified the HTSUS to implement the framework — preferential (zero) reciprocal treatment for certain EU goods and a reduction of the Section 232 automobile and parts duty to 15% for EU-origin vehicles. [90 FR 46136](https://policyrisk.com/federal-register/2025-18660)
- 2025-08-21: U.S.–EU Framework Agreement joint statement (agreement, 15%). The United States and the European Union issued the Joint Statement on a Framework on an Agreement on Reciprocal, Fair, and Balanced Trade: the U.S. committed to the 15% all-inclusive ceiling, zero reciprocal duty on certain products, and a cut of the Section 232 automobile duty to 15%; the EU committed to eliminate tariffs on U.S. industrial goods and expand agricultural access, plus $750B in U.S. energy procurement through 2028. [source](https://www.whitehouse.gov/briefings-statements/2025/08/joint-statement-on-a-united-states-european-union-framework-on-an-agreement-on-reciprocal-fair-and-balanced-trade/)
- 2025-08-07: 15% all-inclusive structure replaces the 20% rate (in effect, 15%). The July 31, 2025 order ('Further Modifying the Reciprocal Tariff Rates') gave the EU a unique structure effective August 7, 2025: for goods with an MFN (Column 1) rate below 15%, the reciprocal duty tops the total up to exactly 15%; goods with an MFN rate of 15% or higher pay no additional reciprocal duty. [Federal Register 2025-15010](https://policyrisk.com/federal-register/2025-15010)
- 2025-07-09: Reciprocal-rate pause extended to August 1 (in effect, 10%). The July 7, 2025 order extended the suspension of country-specific reciprocal rates through August 1, 2025, keeping the EU at the 10% baseline while framework talks continued. [90 FR 30823](https://policyrisk.com/federal-register/2025-12962)
- 2025-06-04: Section 232 steel and aluminum duties doubled to 50% (in effect). The June 3, 2025 proclamation raised Section 232 duties on steel and aluminum articles and derivatives from 25% to 50% effective June 4, 2025, with no EU carve-out. [90 FR 24199](https://policyrisk.com/federal-register/2025-10524)
- 2025-04-10: 90-day pause suspends the 20% rate back to 10% (in effect, 10%). The April 9, 2025 modification order suspended country-specific reciprocal rates for 90 days for all partners except China, returning the EU to the 10% universal baseline effective April 10, 2025 while negotiations proceeded. [90 FR 15625](https://policyrisk.com/federal-register/2025-06462)
- 2025-04-09: EU country-specific reciprocal rate of 20% takes effect (in effect, 20%). Annex I of Executive Order 14257 assigned the European Union a 20% country-specific reciprocal rate, effective April 9, 2025 — the rate still carried for the EU in the HTS Chapter 99 Subchapter III note. [Federal Register 2025-06063](https://policyrisk.com/federal-register/2025-06063)
- 2025-04-05: Universal 10% reciprocal baseline takes effect (in effect, 10%). Executive Order 14257 (signed April 2, 2025) imposed a 10% ad valorem reciprocal duty on imports from all trading partners, including the EU, effective April 5, 2025. The order singled out the EU's 5% average MFN rate and 10% passenger-vehicle tariff as examples of non-reciprocal treatment. [Federal Register 2025-06063](https://policyrisk.com/federal-register/2025-06063)
- 2025-03-12: Section 232 steel and aluminum arrangements terminated — 25% duties on EU metals (in effect). Proclamations of February 10, 2025 ended the EU's tariff-rate-quota arrangements for steel and aluminum and raised the aluminum duty from 10% to 25%, applying 25% Section 232 duties to EU steel and aluminum effective March 12, 2025. [90 FR 9817](https://policyrisk.com/federal-register/2025-02833)

## What Cyprus makes for America

- [Cheese](https://policyrisk.com/supplymap/cheese) (food): $14M to the U.S., 1% of U.S. imports of it

## The country itself

A former British colony, Cyprus became independent in 1960 after years of resistance to British rule. Tensions between the Greek Cypriot majority and Turkish Cypriot minority came to a head in December 1963, when violence broke out in the capital of Nicosia. Despite the deployment of UN peacekeepers in 1964, sporadic intercommunal violence continued and forced most Turkish Cypriots into enclaves throughout the island. In 1974, a Greek Government-sponsored attempt to overthrow the elected president of Cyprus was met by military intervention from Turkey, which soon controlled more than a third of the island. In 1983, the Turkish Cypriot administered area declared itself the "Turkish Republic of Northern Cyprus" (TRNC), but it is recognized only by Turkey. A UN-mediated agreement to reunite Cyprus, the Annan Plan, failed to win approval from both communities in 2004. The most recent round of reunification negotiations was suspended in 2017 after failure to achieve a breakthrough. The entire island joined the EU in 2004, although the EU acquis -- the body of common rights and obligations -- applies only to the areas under the internationally recognized government and is suspended in the TRNC. However, individual Turkish Cypriots able to document their eligibility for Republic of Cyprus citizenship have the same legal rights accorded to citizens of other EU states.

Geography
- Location: Middle East, island in the Mediterranean Sea, south of Turkey; note - Cyprus views itself as part of Europe; geopolitically, it can be classified as falling within Europe, the Middle East, or both
- Area: 9,251 sq km (of which 3,355 sq km are in north Cyprus)
- Climate: temperate; Mediterranean with hot, dry summers and cool winters
- Terrain: central plain with mountains to north and south; scattered but significant plains along southern coast
- Natural resources: copper, pyrites, asbestos, gypsum, timber, salt, marble, clay earth pigment
- Coastline: 648 km
- Natural hazards: moderate earthquake activity; droughts

People and society
- Population: 1,332,293 (2025 est.)
- Nationality: Cypriot(s)
- Ethnic groups: Greek 98.8%, other 1% (includes Maronite, Armenian, Turkish-Cypriot), unspecified 0.2% (2011 est.)
- Languages: Greek (official) 80.9%, Turkish (official) 0.2%, English 4.1%, Romanian 2.9%, Russian 2.5%, Bulgarian 2.2%, Arabic 1.2%, Filipino 1.1%, other 4.3%, unspecified 0.6% (2011 est.)
- Religions: Eastern Orthodox Christian 89.1%, Roman Catholic 2.9%, Protestant/Anglican 2%, Muslim 1.8%, Buddhist 1%, other (includes Maronite Catholic, Armenian Apostolic, Hindu) 1.4%, unknown 1.1%, none/atheist 0.6% (2011 est.)
- Median age: 39.9 years (2025 est.)
- Life expectancy at birth: 80.2 years (2024 est.)

Economy
- Economic overview: services-based, high-income EU island economy; heavy tourism; sustained growth between recovery of national banking system and COVID-19 trade restrictions; high living standards; a known financial hub, its stock exchange functions as an investment bridge between EU-and EEU-member countries
- Industries: tourism, food and beverage processing, cement and gypsum, ship repair and refurbishment, textiles, light chemicals, metal products, wood, paper, stone and clay products
- Agricultural products: milk, potatoes, sheep milk, pork, goat milk, wheat, chicken, olives, grapes, barley (2023)
- Exports - partners: Libya 14%, Greece 11%, Lebanon 8%, Bermuda 7%, Marshall Islands 5% (2023)
- Imports - partners: Greece 20%, UK 10%, Italy 7%, Turkey 6%, Spain 6% (2023)

Government
- Government type: Republic of Cyprus - presidential republic; self-declared "Turkish Republic of Northern Cyprus" (TRNC) - parliamentary republic with enhanced presidency
- Capital: Nicosia (Lefkosia/Lefkosa)
- Independence: 16 August 1960 (from the UK)
- Constitution: ratified 16 August 1960
- Executive branch: President Nikos CHRISTODOULIDIS (since 28 February 2023)
- Legislative branch: House of Representatives (Vouli Antiprosopon)

## Sources
- [91 FR 18201](https://www.federalregister.gov/documents/2026/04/09/2026-06960/strengthening-actions-taken-to-adjust-imports-of-aluminum-steel-and-copper-into-the-united-states)
- [91 FR 9437](https://www.federalregister.gov/documents/2026/02/25/2026-03832/ending-certain-tariff-actions)
- [90 FR 46136](https://www.federalregister.gov/documents/2025/09/25/2025-18660/implementing-certain-tariff-related-elements-of-the-us-eu-framework-on-an-agreement-on-reciprocal)
- [U.S.–EU Framework Agreement joint statement](https://www.whitehouse.gov/briefings-statements/2025/08/joint-statement-on-a-united-states-european-union-framework-on-an-agreement-on-reciprocal-fair-and-balanced-trade/)
- [15% all-inclusive structure replaces the 20% rate](https://www.federalregister.gov/documents/2025/08/06/2025-15010/further-modifying-the-reciprocal-tariff-rates)
- [90 FR 30823](https://www.federalregister.gov/documents/2025/07/10/2025-12962/extending-the-modification-of-the-reciprocal-tariff-rates)
- [90 FR 24199](https://www.federalregister.gov/documents/2025/06/09/2025-10524/adjusting-imports-of-aluminum-and-steel-into-the-united-states)
- [90 FR 15625](https://www.federalregister.gov/documents/2025/04/15/2025-06462/modifying-reciprocal-tariff-rates-to-reflect-trading-partner-retaliation-and-alignment)
- [EU country-specific reciprocal rate of 20% takes effect](https://www.federalregister.gov/documents/2025/04/07/2025-06063/regulating-imports-with-a-reciprocal-tariff-to-rectify-trade-practices-that-contribute-to-large-and)
- [90 FR 9817](https://www.federalregister.gov/documents/2025/02/18/2025-02833/adjusting-imports-of-steel-into-the-united-states)
- [CIA World Factbook, Cyprus](https://www.cia.gov/the-world-factbook/)

## Related
- [U.S. tariffs by country](https://policyrisk.com/tariffs)
- [All countries](https://policyrisk.com/countries)

Source: PRIA, https://policyrisk.com/countries/cy (as of 2026-11-04).