Italy Applauds EU's Trade Move; Eyes Market Gains Amid 15% Tariff Talks with US
August 4, 2025
He highlighted that the EU's 15% tariffs could provide an advantage compared to countries facing higher duties, presenting opportunities to access previously inaccessible markets.
On August 4, 2025, Italian Foreign Minister Antonio Tajani praised the European Union for suspending retaliatory tariffs against the United States, emphasizing that this decision was crucial in avoiding a trade war.
Tajani reaffirmed Italy's commitment to collaborate with both the EU and the U.S. to protect its high-quality export goods from potential negative impacts during ongoing negotiations.
Tajani noted that the ongoing negotiations are still in their early stages and may take weeks or even months to finalize, indicating that the EU is currently operating under a general framework.
The Italian foreign minister stressed the importance of protecting Italy's high-quality exports during these negotiations, indicating active cooperation with both Brussels and Washington.
Tajani pointed out that the existing 15% tariffs could provide Italy with a competitive advantage over countries facing higher duties, potentially opening up previously inaccessible markets.
Tariff negotiations between the EU and the US are still in a preliminary stage, with the proposed general framework involving a 15% tariff.
He explained that current discussions focus on a general framework that includes a proposed 15% tariff, with specific exemptions needing evaluation on a sector-by-sector basis.
He emphasized the necessity for decisive government action to support Italy's business sector and enhance its competitiveness in global markets amid these trade discussions.
Tajani called for strong government action to defend Italy's business sector and ensure the protection of its entrepreneurial ecosystem.
He mentioned that the current exploratory phase of negotiations could take weeks or even months to reach final assessments.
Tajani emphasized Italy's collaboration with both Brussels and Washington to protect its high-quality exports, suggesting that the current tariff situation could be advantageous for Italy.
Summary based on 5 sources
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Sources

logo • Aug 4, 2025
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AL24 News • Aug 4, 2025
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