Feb 23 • 00:00 UTC 🇮🇹 Italy La Repubblica

Tariffs, Foti: “Stop alarmism, Paris wants the bazooka but it’s stupid to use it”

Minister Tommaso Foti criticizes the proposed global tariffs, calling them a threat to stability and urging against alarmism.

The Italian Minister Tommaso Foti has responded to the announcement of global tariffs proposed by Donald Trump, suggesting that such measures are detrimental to both the European and American economies. He emphasizes that the imposition of tariffs is a misguided choice, a sentiment previously echoed by Prime Minister Giorgia Meloni. Foti argues that imposing these tariffs will not solve underlying economic issues but rather exacerbate tensions between nations.

Moreover, Foti warns against the propagation of alarmist sentiments in response to the new tariffs, urging that creating a climate of fear will not resolve the situation, but could lead to retaliatory trade actions that could further destabilize international relations. The Minister presents a call for rational dialogue rather than reactionary measures, advocating for cooperative solutions that benefit all parties involved.

In the broader context, these discussions reflect the ongoing tensions in global trade relations, especially between traditional allies like the United States and Europe. The economic implications of tariffs can lead to increased costs for consumers and strain partnerships, making Foti's cautionary stance particularly relevant for both local and international stakeholders looking for stability in these uncertain times.

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