The customs rates announced by the United States risk turning into a boulder for European economies, Italy in the first place. Giancarlo Giorgettispeaking in the room, he warned that this move could trigger a chain reaction capable of weakening the entire global commercial system, cutting the legs of the European companies that are already dealing with ruthless and unfair competition. Trump’s duties frighten the eurozone, but Italy will not be found unprepared.
Duties, global market and the consequences for companies
The debate on American commercial policy dusts off the old ghost of the unbridled globalizationthe one who has done the beauty and bad weather for years without anyone daring to put stakes. Giancarlo Giorgetti recalled how for decades the global competition was a sort of Far West, where Italian companies often found themselves on the wrong part of the gun.
On the one hand, the uncertainty about the new US customs tariffs, the now famous Trump dutiesholds everyone with suspended breath; On the other hand, there are those who do not forget the past, when the free wild market has decimated entire production sectors in the name of a competition that had very little loyal.
If there is one thing about Giorgetti is adamant, it is that a commercial war does not bring water to anyone’s mill. But, instead of crying on you, for the minister it could be the right time to rewrite the rules of the game and clean up the World Trade Organization, to ensure that the free trade no longer becomes synonymous than jungle without rules.
Golden Power and protection of strategic interests
The government keeps an eye on strategic assets like a hawk. Giorgetti has made it clear that the use of the Golden Power in banking operations is not a habit, but a legal obligation. The institutions are sifting through every detail to understand the impact of the ongoing maneuvers, balancing the need to attract investments with that of not being paraded by the hands key pieces of the financial system.
The operations of Banking acquisitionthose concerning BPM and Unicredit, so to speak, are under the lens of the authorities, who have no intention of being caught by surprise. For the minister, here it is not a question of political discretion but of institutional duty. Each choice will be taken with the scalpel, evaluating on a case -by -case basis without leaving spaces for maneuvers that can compromise the country’s economic stability.
Common defense EU and economic stability
The current geopolitical scenario is a complicated puzzle. The siciness and defense have returned to the top of the priority And Italy, while welcoming the European proposal to activate a safeguard clause for military spending, the Minister of Economy has no intention of playing the public budget as if it were a bet in the dark.
Giorgetti, a few hours after the rearm of Europe has been approved, has made it clear that tax flexibility cannot be transformed into a pass to blow up the accounts, especially for the countries already ballast from a heavy debt. The government has brought out a proposal to fill the gap in defense investments, without however questioning essential pillars such as health and public services.
Waiting to understand what the next moves will be in Brussels, Giorgetti insisted on a principle: it is needed Balance between international duties and economic growthbecause spending without a plan only means accumulating problems for the future. The minister then turned on the spotlight on a crucial question: without a industrial plan Serious, the defense sector risks remaining a terrain of conquest for others.
Italy’s response to American duties
Italian countermeasures will be revealed the March 21st At Villa Madama, as anticipated by the Foreign Minister Antonio Tajani. But in the government there is ferment: while some aim for a common strategy with Europe, others, like Matteo Salvini, see the real enemy in Brussels and denounce a excess regulation that branded European companies more than any foreign rate.
