Trump’s import tariffs: what does Italy risk?

Apr 07, 2018 731

BY: Francesca Bezzone

Just like the rest of the world, Italy has been following the POTUS’ work, both at home and on the international arena, with interest.. Curiosity turned into fully fledged concern in the last couple of weeks, after hearing of the potential implementation of higher import tariffs for steel and aluminium, a move he has been thinking of for quite a while, according to those informed, but that his entourage had so far managed to postpone. The reaction of the EU and China, in particular, was immediate and warnings against the measure rose from both areas of the world.

More than anything right now, it is the fear of retaliation to worry Americans , and that of potentially weakening an extremely lucrative and well functioning commercial liaison to keep Italians awake at night. Truth is that, according to experts, no one will come out a winner if the President’s new policies are applied: they’d risk to put a damper on the world’s slow yet ongoing economic recovery and create a tragic chain reaction made of similar financial impositions towards the US.  

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SOURCE: http://www.italoamericano.org/

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