France’s industry minister urges negotiation and calming measures as ECB figures call for retaliation and European ‘independence’
The effect of US tariffs on Italian companies will be massive – with fashion, pharmaceuticals and the food industry the hardest hit, the head of national industry lobby Confindustria said on Wednesday. He called for Europe to negotiate with Donald Trump to avoid further escalation and warned China would be the beneficiary.
“We will have to assess with great attention [the effects] of the tariffs that will be announced by Trump. There is a risk for Italy, our Research Centre is quantifying the impact, which will be massive,” Emanuele Orsini told daily La Stampa in an interview reported by Reuters.
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