Feb 22 • 04:00 UTC 🇮🇹 Italy Il Giornale

Italy has managed to resist tariffs. Rather than lawsuits, we need to think about new markets for companies

Antonio Gozzi discusses the impact of U.S. tariffs and the importance of finding new markets for Italian industries.

In the face of challenging international conditions exacerbated by U.S. tariffs, Antonio Gozzi, the president of Federacciai and a special advisor for European competitiveness at Confindustria, provides insights into the current situation for Italian industries. He highlights the implications of a recent U.S. Supreme Court ruling that U.S. tariffs on Italian steel exports have been raised from 10% to 15%, minimizing the potential for Italian exports, which now make up less than 1% of national production. As a result, Gozzi suggests that with current export levels, significant losses could be imminent if tariffs continue to apply.

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