Italy’s Economy Minister Giancarlo Giorgetti has expressed strong confidence that the United States and the European Union are moving toward a promising trade accord that could mirror the recent agreement between Washington and the United Kingdom. The anticipated deal is seen as a strategic opportunity to rebalance tariffs and foster deeper transatlantic trade ties.
Speaking at a conference in Trento via video link from Canada, where G7 economic leaders are meeting, Giorgetti noted that the EU is well-positioned to secure favorable terms. He highlighted that the current negotiations are progressing within a 90-day framework set by the U.S., aimed at resolving tariff concerns—particularly on steel, aluminum, and automobiles.
“It will be very difficult for the final agreement to differ significantly from the one made with the UK,” Giorgetti said, signaling Italy’s optimism about a fair and mutually beneficial outcome.
The United States had previously imposed a 25% tariff on key industrial imports and introduced a general 10% baseline tariff, with additional reciprocal measures in place. However, the ongoing dialogues suggest a willingness to restructure these terms through constructive engagement.
The expected EU-US trade deal holds the potential to not only ease tariff pressures but also revitalize industrial supply chains, open up market access, and enhance regulatory cooperation across sectors such as automotive, agriculture, and advanced manufacturing.
As global economies navigate complex trade dynamics, Italy’s optimism underscores the importance of collaborative frameworks that ensure stability, reduce trade frictions, and create new opportunities for businesses on both sides of the Atlantic.
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