Italy has joined calls for restraint following US President Donald Trump’s announcement of 30% tariffs on European exports, effective August 1 unless a new deal is reached. (Photo: Social)
Italy has joined calls for restraint following US President Donald Trump’s announcement of 30% tariffs on European exports, effective August 1 unless a new deal is reached. Italian Prime Minister Giorgia Meloni’s office released a statement warning against trade escalation.
“It would make no sense to trigger a trade war between the two sides of the Atlantic,” the statement said.
The ministers of European Union are currently meeting in Brussels to coordinate their response and evaluate current possibilities. Italy is in full support to the European Commission’s decision to extend the suspension of planned retaliatory tariffs. Italy hope of finalize an agreement with Washington in the coming weeks.
The bloc is prepared to activate countermeasures worth up to €72 billion if negotiations fail, According to EU officials. Italy, along with other member states, is pushing for a resolution that limits economic disruption while protecting European industries.
Meloni is coordinating with other leaders of the European Union, including Germany and France. It’s a part of broader coordination efforts led by Commission President Ursula von der Leyen.
Italian leadership emphasizes the importance of avoiding a transatlantic trade conflict, aligning with EU efforts to de-escalate and negotiate.
Also Read: France Urges Swift EU Response To US Tariffs As Macron Backs Countermeasure Readiness
Ankur Mishra is a journalist who covers an extensive range of news, from business, stock markets, IPOs to geopolitics, world affairs, international crises, and general news. With over a decade of experience in the business domain, Ankur has been associated with some of the reputed media brands. Through a sharp eye on global marketplaces along with deep insights and analysis of business strategies, Ankur brings simplicity to the complex economic matrix to decode market trends and empower people.
He is committed to entrenched data, facts, research, solutions, and a dedication to value-based journalism. He has covered trade tariff wars, international alliances, corporate policies, government initiatives, regulatory developments, along with micro- and macroeconomic shifts impacting global fiscal dynamics.
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