According to calculations, in the event of US duties against Europe, Italy is going to suffer a financial loss of 12 billion euros a year. According to the Association for the development of the Italian South Svimez, the country’s GDP is expected to shrink by 0.5%. At the same time, Svimez estimates that 150,000 full -time jobs can be lost. In the event that the duties are affected by the Italian pharmaceutical industry, the costs for the country will be even higher. The associations of the agricultural and food sector, at the same time, are demanding that agreement be found with the United States, and recall that “this country is exported 12% of total Italian agricultural production”. “Unless a compromise is found, our real economy will be huge blow,” said the president of the Coldiretti Agricultural Association, Prandini. According to RAI TV, if Donald Trump’s duties are finally in force, exports of Italian wine […]
Source: News Beast

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