Tariffs: Italy's agro-food industry 'risks losing 1.6 bn'

Tariffs: Italy's agro-food industry 'risks losing 1.6 bn'

Italy's agri-food sector risks losing 1.6 billion euros worth of exports after US President Donald Trump imposed hefty new tariffs, farmers' association Coldiretti said on Thursday. "We had hoped common sense would prevail. (ANSA)

A real shock has been caused by the president of the United States, Donald Trump, with his announcement that he will increase import tariffs to a minimum of 10%. With the percentages defined – with China, Vietnam, Japan and the European Union among the most affected – from the Argentine agriculture began to measure the impact of this announcement. In the case of Argentina, like the rest of the countries that make up Mercosur, the new tariff of e…

US President Donald Trump announced reciprocal tariffs for all his trading partners, shaking the world economy and Chile, where it will be 10%, in line with the minimum tariff he imposed on those with Free Trade Agreements with the world power. Trump’s focus on tariffs will be on China where he will charge 34%, on the European Union 20%, on Vietnam 46%, on Taiwan 32%, on Japan 24%, on India 26%, on South Korea 25% on Thailand 36%, on Switzerland…