US tariffs are a bad choice by Donald
rump but not a catastrophe, Premier Giorgia Meloni said
Thursday, adding that the government would meet business leaders
next week to gauge a response to the controversial measures.
"I think the choice of the United States is a bad choice, which
does not favor either the European or American economy, but I
also think that we should not fuel the alarmism that I am
hearing in these hours," Meloni told Italian TV after a
government huddle on the unprecedented tariffs.
"The United States market is an important market for Italian
exports, it is worth 10% of our total exports and we will not
stop exporting to the United States.
"It means that obviously we have another problem that we must
solve, but it is not the catastrophe that some are talking
about", she said in an interview with Tg1, the news station of
the state broadcaster's first channel.
She added:
"We are doing and must do a study on the real impact that this
choice of American duties has on each sector: next week we will
meet with the representatives of the production categories to
also compare with the estimates they have, to look for the best
solutions".
Among other points touched on in the interview, Meloni said
Italy would propose a revision of the EU's Stability and Growth
Pact saying that "it is possible that not everyone will agree
but we must do this".
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