US EditionItaly warns against counter-tariffs on US
- Italy's Economy Minister Giancarlo Giorgetti warned against retaliatory tariffs on the U.S., stating that such a policy could be damaging for everyone, especially Italy.
- Giorgetti emphasized that Italy aims for a "de-escalation" with the U.S. Amid President Donald Trump's proposed 20% tariff on Italy and other European Union countries.
- The Bank of Italy reported that Italy's economic growth is expected to be just 0.5% this year, significantly lower than the government's earlier forecast of 1.2%.
- Italy's public debt is projected to rise to nearly 138% of GDP by 2026, complicating the government's efforts to reduce its deficit below 3%.
33 Articles
33 Articles
Chicago Tribune
Italy's Economy Minister warns against retaliatory tariffs
By The Associated Press The Italian Minister of Economics, Giancarlo Giorgetti, warned on Saturday that imposing reprisal tariffs on the United States would be detrimental to both Italy and Europe. During his intervention at a business forum in Cernobbio, near Milan, Giorgetti pointed out that Rome is working for a “descalada” with Washington following Donald Trump’s announcement that it will impose a general tariff of 20% on the countries of th…
On-line, customs duties imposed by Donald Trump: Italy wants a "de-escalation" and more fiscal flexibility within the European Union
"We must try to keep our heads cold," said the Italian Minister of Economy, Giancarlo Giorgetti, on Saturday. Much of the products that the United States imports from the rest of the world are now subject to additional tariffs of 10%.
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