Italy is asking the European Union for
a "deregulation shock" in response to US President Donald
Trump's 20% tariffs on European goods, Business and Made in
Italy Minister Adolfo Urso told question time Thursday.
"Against the tarfiffs we ask the EU to act immediately and to
suspend the Green Deal rules that led to the collapse of the car
industry, to implement a deregulation shock that eliminates
constraints for European companies, to support buy European, to
give preference to Made in Europe in procurement, and to
encourage free trade to open up to other alternative markets",
he said.
"In the coming days we will meet with business associations to
evaluate possible countermeasures".
Urso added: "We are the most prepared, we have prepared Europe,
it is Italy that is leading the process in Europe, this is why
everyone comes to Rome".
Urso also said:
"First of all we have to evaluate. From what emerged yesterday,
the tariff measures against European goods are equal to 20%.
Lower than those of other countries. Which means that there are
risks that we must avoid, but there are also new opportunities.
"Because if the barriers are raised higher for other countries
exporting to the United States, evidently several opportunities
also open up.
"We have to evaluate - he added - and this is demonstrated by
what has happened in these 4-5 years. Because Italy, in contrast
to what has happened to other countries, has gained positions at
a global level. We have become the fourth exporting country,
overtaking Japan and South Korea. What does this tell us? That
the Italian entrepreneurial system, due to its peculiarities, is
more resilient and more dynamic in averting risks and seizing
new opportunities".
Urso called for "calm, and caution" in weighing responses to the
tariffs.
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