Brussels intends to freeze the counter-tooth for an initial period of six months, starting from August 4th. Sources close to the dossier indicate it, however, specifying that the decision will be formalized only once the framework text of the extreme close Sunday by Ursula von der Leyen and Donald Trump is defined. If the circumstances request it, the duration of the suspension could be abbreviated, explain the same sources. In case of No Deal, the EU retalcare would have taken place on August 7th. EU and USA aim to publish a non -binding joint declaration by Friday, but there are still several nodes.
Giorgetti: premature to speak of measures against duties effect
Talking now about initiatives to combat the effects of duties on companies “is premature”. The Minister of Economy said so, Giancarlo Giorgetti, responding to the question time in the Chamber. In Scotland, he explained, a “political agreement” was reached which has yet to be detailed. A commercial war has been averted and a phase of uncertainty has closed, but “an overall evaluation to date cannot be drawn”.
Zoppas (ICE): good end uncertainty but duties are zero
America is a market to be kept because it is an important showcase for the whole world, the agreement achieved is a fixed point but the goal is still to get to zero duty. So in summary the president of Ice Matteo Zoppas at Ansa during a streaming forum tomorrow 31 July at 12 on Ansa.it and on the Social Channels of the Agency. “The agreement made on the duties looks like a firm stone unless for some issues that are not yet closed” “but I trust that this agreement is the end of uncertainty. Of course, if you don’t get an agreement, the risk is that Trump can relaunch but this would also undermine his international credibility ».
“In any case, we all hope that it is not a definitive agreement: we must still aim at the ’00’, to the liberalization of international trade”. Zoppas hopes for an intervention on ECB rates. With the current 15% agreement, in fact, according to the president of the ICE “the duties would weigh on Italian companies at 30% because it must be taken into account the effect of the euro against the dollar. Not surprisingly – he says – Deputy Prime Minister Tajani recalled that it would be appropriate to move on other levers (the ECB ed) that can help to reduce the weight “.
In any case, for Zoppas “an agreement that has a number on duties that is different from zero is an agreement that can hurt more than well to the United States themselves, because today there are other realities that are having a lot of appeal in the world”.
«Of course, if you were to stay at 15% it’s time to reorganize and look at other markets even if exports to the United States is respectable. America is a strategic market that should not be lost: it is a showcase for the rest of the world and we have been there for decades, indeed for hundreds of years: losing contracts means making someone else enter that then you risk keeping that customer for a long time ».
More generally Zoppas claims the Italian goal of reaching 700 billion exports from the current 623 by the end of the legislature and recalls the leap from 480 billion in 2019 to the current. “We have been stopped around that number for two years, but the target of growth at 700 billion is very important and to compensate for this difference there is also the intent announced by Minister Lollobrigida to raise the billions of exports of the agri -food from 70 to 100. We can do it. But to achieve this we have to make a system ». To do this you have to approach your feet to the head, create connections. And in this system of the system “I like to say – says Zoppas- that the ICE is the infrastructure for supporting the increase in interaction and organization”.