EU-US Tariff Deal: Meloni’s Stance and Political Criticism
Italian Prime Minister Giorgia Meloni, a prominent ally of US President Donald Trump, has expressed support for the EU-US trade agreement, despite domestic criticism. The deal, after months of negotiations, sets a 15% tariff on most exports, including cars, with steel and aluminum remaining at 50%. The agreement was reached during a meeting between Trump and European Commission President Ursula von der Leyen, both of whom called it a significant achievement.
Meloni highlighted the deal’s positive aspect, arguing it helps avoid a direct clash with the US. She insisted the 15% tariff is sustainable and provides stability, without adding to existing tariffs. However, opposition leaders, including Five Star Movement leader Giuseppe Conte, have criticized the terms, with Conte accusing Meloni of not securing better conditions. Conte warned that the tariffs could cost Italy over €23 billion in exports and endanger 100,000 jobs.
Economists have raised concerns about the deal’s impact, with the Kiel Institute predicting a decline in production and job losses across the EU, with Germany expected to face the most significant challenges. The Federation of German Industries (BDI) described the deal as an inadequate compromise, noting that the only positive outcome is the prevention of further escalation.
Despite the criticisms, Meloni remains steadfast in her support, emphasizing the deal’s role in fostering stability. However, the economic risks and political divisions highlight the complex challenges of navigating international trade agreements.