Trump’s Tariff Threat Poses Risk to EU Industry and Jobs, Warns Italian Business Group

February 27, 2025 - 17:29

U.S. President Donald Trump's potential imposition of tariffs on imports from the European Union has raised significant concerns among Italian business leaders. The Italian business lobby expressed that such measures could severely impact European companies and jeopardize jobs within the region. The proposed 25% "reciprocal" tariff on various goods, particularly automobiles, has been characterized as an aggressive tactic that could lead to deindustrialization across the continent.

In light of these developments, the lobby emphasized the necessity for a robust response from the EU to protect its economic interests. They called on Brussels to consider implementing "extraordinary measures for an extraordinary time" to counteract the potential fallout from Trump's trade policies. The escalating trade tensions highlight the fragile state of transatlantic relations and the urgent need for dialogue to prevent further economic disruption. As the situation evolves, the focus remains on safeguarding the European workforce and industry from external pressures.