Industrial employers federation
Confindustria on Thursday warned tariffs have a highly
significant economic impact on Italy.
Tariffs are an "extremely distortive" tool and, in Italy's case,
the "economic connections are extremely deep", said a note
issued by Confindustria's research centre.
The note on "the new trade policy of the United States"
highlighted that the US "are the first destination outside the
EU for Italian exports of goods and services and the first in
absolute terms for direct investments abroad".
In 2024, Italian goods were sold in the US for some 65 billion
euros, generating a surplus of nearly 39 billion euros, said
Confindustria.
The US market offered the highest contribution to the growth of
Italian exports since before the Covid-19 pandemic.
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