Tariffs, the game isn't over yet. Giorgetti: "Negotiations are underway on exemptions." Tajani: "15% is the best possible deal, but it takes time."

"We'll be able to draw up a final assessment in some time. The political agreement is a framework, a framework. Every day, new details are revealed. At the moment, we're still working on excluding certain sectors and situations, and only at the end will we be able to draw up a final assessment," explained Economy Minister Giancarlo Giorgetti. This assessment, he believes, is even more relevant for Italy: "It's not trivial whether certain agricultural products will be included or how the pharmaceutical industry, one of Italy's fastest-growing sectors, will be treated."
Giorgetti then commented on the outcome of a European negotiation that many observers consider a defeat: "Trump played his poker game like a skilled player. He maximized the interests of the American economy; he was elected on an America First basis, and he is fulfilling the mandate the voters gave him. The question is whether Europe truly serves the interests of Europeans and the European economy; it's struggling a bit."
Tariffs, Tajani: "15% is the best deal we could have made, but it takes time to figure out the details."It will take time to understand everything. The framework agreement will need to be broken down product by product, a painstaking task we'll have to do with the US and Brussels . It's true that 15% is a lot, but it's the best deal that could have been made. Let's also look at tariffs elsewhere: India is at 25%, which also opens up opportunities for us. I remain convinced that the ECB must further reduce the cost of money, implement quantitative easing, and inject money into the market. The euro-dollar exchange rate is entirely to our disadvantage, with the dollar having fallen 13% since the beginning of the year.
Foreign Minister Antonio Tajani told Corriere della Sera that " if the euro devalues, it's better. And then, some instruments should be updated. A community decision could also reshape the SME support factor instrument contained in the Basel Accords. The limit for loans to small businesses is currently €2.5 million; I think it could be increased to €5 million. In any case, the EU internal market is our greatest resource. But to boost purchasing power, we need to reduce the tax burden."
Affari Italiani