Duties at 25% on EU wares, “cars and all the other”, announced by Trump, who confirmed the promises made during the campaign (as we reported here), also messed up the Italian wine & food world, which, in the USA, has a primary and fundamental partner. And, if American duties also hit wine, for Italy, the account would be close to 1 billion euros only for export.

This is the impact estimated by Unione Italiana Vini (Uiv) talking about “a concentric circle effect starting from the USA – where the estimated direct loss would be around 472 million euros for a balance, compared to the last year, at -25% - and it enlarges to countries directly affected from new tariffs, for which, economic slowing downs are foreseen, if not a recession as in Germany.