The US could soon impose tariffs on European products for around 7 billion euros – Passariello specifies – hitting airplanes and airplane parts produced in Europe but also other sectors, first and foremost agri-food, something that would affect Italy above all and this is not in line with the business requests that ask for greater openness on foreign markets.
As reported by the press agencies – continues Passariello – the duties are not only an Italian problem but could also cause repercussions for the American market, which is in love with Made in Italy. For his part, Pompeo, during the recent meeting with Giuseppe Conte, clarified that he was not responsible for the dossier, but assured that he understood these concerns and would report them to the US presidency.
Tariffs are Donald Trump's main weapon of protectionism.
It is important to try to stem the application of aggressive US policies – continues Domenico Letizia analyst of Imprese del Sud – remembering that in such maneuvers, Italy alone is weak and does not have the strength to be able to bring out its requests in the international arena. These considerations are important to understand that an intervention by the European Community on the issue is necessary and an idea of a global market, protected and safeguarded by international agreements.
Among the virtuous examples that can be studied we have the one on CETA.
In Italy, the agreement appears to be an accelerator of opportunities for many production companies in the agri-food sector – Passariello highlights – but the Italian Parliament still has to ratify the agreement, and overcome political and ideological prejudices, to make it fully enter into force.
The Italian economy is not experiencing a period of flourishing or expansion, Passariello emphasizes. In recent years, the industrial sector has relied heavily on exports. The latest economic data shows that Italian domestic demand is not increasing and entrepreneurs have countless problems in relation to bureaucracy, taxation and national logistics.
Furthermore, Europe is experiencing an extremely complex geopolitical situation, between China's aggression and the vision of the Silk Road, the emergence of Russian protagonism and the new US isolationism that sees Trump as an enemy of Europe.
“In this geopolitical mix, the Ceta issue becomes increasingly pressing,” conclude the analysts of “Imprese del Sud”.
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